Latest news with #VATechWabag
Business Upturn
3 days ago
- Business
- Business Upturn
VA Tech Wabag Q1 results: Net profit falls 19.3% YoY to Rs 65.8 crore, revenue rises 17.1%
Water technology company VA Tech Wabag reported a 19.3% year-on-year (YoY) decline in consolidated net profit attributable to shareholders at Rs 65.8 crore for the quarter ended June 30, 2025, compared to Rs 81.6 crore in the year-ago period. The company's consolidated revenue from operations stood at Rs 734 crore in Q1 FY26, up 17.1% from Rs 626.5 crore in Q1 FY25. Total income came in at Rs 745.3 crore, compared to Rs 637.3 crore in the corresponding quarter last year. On the expenses front, total costs increased to Rs 658.6 crore from Rs 565.1 crore a year ago, led by higher cost of sales and services at Rs 529.7 crore and employee benefits expense at Rs 66.6 crore. Profit before tax was Rs 86.7 crore, down from Rs 87.2 crore in Q1 FY25. The company paid Rs 21.2 crore in current tax and saw a deferred tax credit of Rs 0.3 crore during the quarter. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Zawya
07-08-2025
- Business
- Zawya
Kuwait-Indian consortium makes lowest bid for $377mln desalination project
A Kuwaiti-Indian consortium has made the lowest bid for a major desalination project in the OPEC member with a value of around 114.3 million Kuwaiti dinars ($377 million), the Kuwaiti firm said on Thursday. The heavy engineering industries and ship-building company (Heisco) said it has formed a joint venture with VA Tech Wabag for the project in the seaside district of Doha on the western coast of the capital Kuwait City. In a disclosure bourse statement in Kuwait, Heisco said: "our joint venture with VA Tech Wabag has achieved the lowest bid for the tender - Supply & Erection with O&M Services of Doha SWRO Desalination Plant with Re-carbonation System (Stage-2) -for the Ministry of Electricity & Water & Renewable Energy. It said the duration of the contract is 96 months. (Writing by Nadim Kawach; Editing by Anoop Menon) (
Zawya
30-07-2025
- Business
- Zawya
Saudi: VA Tech Wabag lands $272mln Yanbu desalination plant contract
VA Tech Wabag (Wabag), a leading pure-play water technology Indian multinational group, has announced that it has been awarded a contract worth SAR1.02 billion ($272 million) by the Saudi Water Authority (SWA) for the development of a sea water reverse osmosis (SWRO) desalination plant in Yanbu, Saudi Arabia. The scope of work includes design, engineering, supply as well as construction, and commissioning of the mega desalination plant, to be developed on a greenfield site located along the west coast of the kingdom. Once completed, the mega project will boast a 300 million litres per day (MLD) capacity. On the contract win, Rohan Mittal, the Head of Strategy and Business Growth for GCC at Wabag, said: "We are immensely proud to have emerged successful in this prestigious project not just once, but twice." "This repeat success underscores the strength of our technical competence, competitiveness and our deep-rooted capabilities in executing large and complex desalination projects. This prestigious project, aligns with and contributes to the ambitious goals of Saudi Vision 2030 and reinforces Wabag's global leadership in the desalination sector," he added. Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Business Standard
28-07-2025
- Business
- Business Standard
VA Tech Wabag secures Rs 380-cr order from BWSSB
VA Tech Wabag announced that it has secured an order funded by World Bank, worth approximately Rs 380 crore from the Bangalore Water Supply and Sewerage Board (BWSSB) for developing energy-efficient water reuse facilities in Bengaluru. The order entails design, engineering, construction and commissioning (EPC) of wastewater treatment plants (WWTPS) with tertiary treatment facility, biogas generation, solar sludge drying beds and intermediate pumping stations along with associated piping works, scheduled to be completed over 30 months, followed by 10 years of operation and maintenance (O&M). These advanced WWTPs, located at four sites in Bommanahalli under the Karnataka Water Security and Disaster Resilience Program, are vital for the regions long-term water sustainability. Utilizing cutting-edge treatment technologies, they enable industrial reuse of tertiary-treated wastewater, reducing freshwater demand and strengthening Bengalurus water security. S Natrajan, vice president, head-sales & marketing, India Cluster said, Securing this prestigious repeat order from BWSSB not only reinforces WABAGs leadership in the recycling and reuse sector, but also underscores our commitment to pioneering innovation and sustainability in the water sector. We are proud to contribute to Karnatakas water security mission by delivering cutting-edge solutions that enable water reuse, reduce environmental impact, and set a benchmark for sustainable development. Va Tech Wabag is engaged in the business of the water treatment field. Its principal activities include design, supply, installation, construction, and operational management of drinking water, wastewater treatment, industrial water treatment, and desalination plants. The companys consolidated net profit jumped 37.4% to Rs 99.50 crore on 23.8% increase in net sales to Rs 1,156.20 crore in Q4 FY25 over Q4 FY24. The scrip declined 1.06% to settle at Rs 1,622.10 on the BSE.
Economic Times
28-07-2025
- Business
- Economic Times
VA Tech Wabag shares in focus on Rs 380 crore project win
VA Tech Wabag shares: The company has secured a contract valued at approximately Rs 380 crore. Shares of VA Tech Wabag will be in focus on Monday, July 28, after the company secured a contract worth approximately Rs 380 crore from the Bangalore Water Supply and Sewerage Board (BWSSB). In a regulatory filing, the company said it has won a design, build, and operate (DBO) order for the engineering, construction, and commissioning of advanced Wastewater Treatment Plants (WWTPs) with tertiary treatment facilities, biogas generation, solar sludge drying beds, intermediate pumping stations, and associated piping works. The project, located at four sites in Bommanahalli under the Karnataka Water Security and Disaster Resilience Program, is scheduled for completion in 30 months, followed by 10 years of operation and maintenance. This comes just days after the company announced a major international win. On July 24, VA Tech Wabag was awarded a 300 million litres per day (MLD) seawater reverse osmosis (SWRO) desalination plant project at Yanbu in Saudi Arabia, valued at approximately USD 272 million (Rs 2,332 crore). The contract from the Saudi Water Authority includes design, engineering, supply, construction, and commissioning of the greenfield mega desalination plant on the west coast of the Kingdom. Also Read: Street Favourite! 10 Nifty micro-cap stocks analysts expect to surge up to 55% Earlier in February, the company secured a Rs 3,251 crore (USD 317 million) consortium order for the Al Haer Independent Sewage Treatment Plant (ISTP) in Riyadh. Wabag was awarded the EPC contract for a 200 MLD ISTP, including outfall connections. The project is being developed by a consortium of Miahona Company (lead), Marafiq, and N.V. Besix S.A. for the Saudi Water Partnership Company (SWPC), which is the main off-taker for water and wastewater projects in the Read: Is the IPO market the new gold? 2025 listings outshine Nifty with 4X returnsAccording to Trendlyne, the average target price for VA Tech Wabag is Rs 1,839, implying an upside potential of around 13% from current levels. Among the four analysts tracking the stock, the consensus rating is 'Strong Buy'.In 2025 so far, shares of VA Tech Wabag have declined over 3%, but have delivered a strong 207% return over the past two years. The company's current market capitalisation stands at approximately Rs 10,092 crore. (Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of Economic Times)
