MUMBAI, (GNI): VA Tech WABAG Limited, a leading Indian Multinational company in the water sector announces today its financial results for the quarter and half year ended 30th September, 2017.
H1 FY’18 Highlights:
- Consolidated revenue up by 15% to Rs. 1,555 crore
- Consolidated EBITDA up by 44% to Rs. 123 crore
- Consolidated PAT up by 43% to Rs. 42 crore
- Standalone revenue up by 21% to Rs. 861 crore
- Standalone EBITDA up by 29% to Rs. 96 crore
- Order book of over Rs. 7,900 crore including framework contracts of about Rs. 800 crore
Commenting on the results, Mr. Rajiv Mittal, Managing Director, VA Tech WABAG Limited said, “I am very happy that the company has delivered a profitable growth during the period and I am optimistic that we will continue our good performance in the forthcoming quarters true to the trust and support reposed on us by all our stakeholders.”
The major orders won during the period are: WABAG Philippines recently won a contract for a value of US$ 60 Mn along with a JV Partner for a 900 MLD water treatment plant retrofit. The portion of the contract value for Wabag would be around US$ 25 Mn.
Continuing are success in Vietnam, WABAG India has now bagged an order of 150 MLD water treatment plant for a value of USD 13 Mn. This significant project aims to meet clean water need for about 3 million people in 8 districts of Hanoi, as well as Bac Ninh and Hung Yen provinces. This is another high profile investment of Vietnam – Oman Investment (VOI) in its distinguished water portfolio in Vietnam.
WABAG Austria has converted part of AI Saad BWRO, Saudi Arabia framework contract into an order in =take during the quarter. This order intake of EUR 10 Mn is towards Phase 3 of the project towards design and supply of a new drinking water treatment plant employing RO technology. The company is already executing Phase 1 & 2 of this project, towards pre-treatment plant for a capacity of 400,000 m3/d. Ends