Q1 2025 Va Tech Wabag Ltd Earnings Call Transcript
Key Points
- VA Tech Wabag Ltd (BOM:533269) reported a consolidated revenue increase of over 13% year-over-year to INR627 crores.
- The company achieved a consolidated EBITDA growth of 23% year-over-year to INR81 crores.
- The PAT stood at INR55 crores on a consolidated basis, up by 31% year-over-year.
- The company has a high-quality order book of around INR11,000 crores with a healthy mix of 55% EPC and 45% O&M.
- VA Tech Wabag Ltd (BOM:533269) is a preferred bidder in projects valued over INR6,000 crores, indicating strong future growth potential.
- India's revenue declined by 22% year-over-year, raising concerns about domestic market performance.
- Margins were weak at 11.6% on an EBIT level basis for the domestic business.
- The company faced challenges in the Indian market due to the general election phase, impacting project execution.
- There were issues with the audio quality during the Q&A session, leading to communication difficulties.
- The company has not yet received the arbitration award money, indicating potential delays in cash inflows.
Good evening, and welcome, everyone, to this earnings call post announcement of Q1 FY25 Results of VA Tech Wabag Limited. On the call today from the management team, we have Mr. Rajiv Mittal, Chairman and Managing Director; and Mr. Skandaprasad Seetharaman, Group Chief Financial Officer.
Kindly note that during this call, the company may make certain forward-looking statements concerning the business prospects and profitability which may be subject to risks and uncertainties, and the actual results could materially differ from those in such forward-looking statements. The conference call will be archived, and the transcript will be made available on the company's website. The company's results update presentation has been uploaded on the website and stock exchanges, which provides an overview about the core offerings and analysis of the results for this period. We trust that you had an opportunity to look through the same. We will start with the opening remarks from the management, post which we will open up for the interactive Q&A.
I now hand the conference over to Mr. Mittal to
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