Wabag meets FY26 guidance: 20% revenue growth, ₹172 bn orders
Revenue of ₹3,944 cr and PAT of ₹370 cr were in line with prior company guidance; market reaction already priced in.
— 2 earlier stories on VA Tech Wabag Ltd. →What's new with VA Tech Wabag Ltd.
- Revenue rose 20% to ₹3,944 cr, in line with guidance.
- PAT up 26% to ₹370 cr; net cash positive for 6th year.
- Board recommended ₹5/share final dividend.
Why this matters for VA Tech Wabag Ltd.
Wabag's results are strong but not news — the company had pre-announced the trajectory. For investors, the real story is the order book, which at ₹172 bn provides revenue visibility for the next 2-3 years. The net cash position and dividend reinforce financial discipline, but none of this changes the current valuation thesis.
What we're watching
- Order inflows in H1FY27, especially large international EPC contracts.
- Margin trajectory as execution on the ₹172 bn order book progresses.
- Any update on guidance for FY27.
The full read
VA Tech Wabag closed FY26 exactly where it said it would. Revenue climbed 20% to ₹3,944 million, PAT rose 26% to ₹370 million, and the order book hit ₹172 billion — enough to keep execution visible for years. The company is net cash positive for the sixth straight year, and the board added a ₹5 final dividend. None of this is a surprise: Wabag had guided the numbers earlier, and the market had already moved. What the filing does confirm is that execution is on track and the balance sheet remains clean. The next test is how fast the order book converts to revenue and whether those margins hold. For now, this is a steady-As report card, not a call to action.