Transcript of the ''Q1 FY27 Results Conference Call''

An ISO 9001 Company August 19, 2026 National Stock Exchange of India Limited BSE Limited, Exchange Plaza, Plot No. C/1, G Block, Floor 25, P J Towers, Bandra Kurla Complex, Dalal Street, Bandra (E), Mumbai – 400 051 Mumbai – 400 001 NSE Symbol: WABAG BSE Scrip Code: 533269 Dear Sir/Madam, Sub: Transcript of the ‘Q1 FY27 Results Conference Call’ Please find enclosed the Transcript of the ‘Q1 FY27 Results Conference Call’ held on Thursday, August 13, 2026, post declaration of unaudited Financial Results (both Standalone and Consolidated) of the Company for the quarter ended June 30, 2026. This intimation is filed pursuant to Regulation 30(2) and 46 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Transcript of the ‘Q1 FY27 Earnings Conference Call’ is also available on the Company's website at www.wabag.com. Kindly take the same on record. Thanking You, Yours faithfully, For VA TECH WABAG LIMITED Anup Kumar Samal Company Secretary & Compliance Officer Membership No: FCS 4832 Encl.: As above Sustainable solutions, for a better life VA TECH WABAG LIMITED Board : +91- 44 - 6123 2323 CIN: L45205TN1995PLC030231 Fax : : +91- 44 - 6123 2324 “WABAG HOUSE”, Email : wabag@wabag.in No.17, 200 Feet Thoraipakkam-Pallavaram Main Road, Web : www.wabag.com Sunnambu Kolathur, Chennai 600 117, India. “VA TECH WABAG LIMITED Q1 FY’27 Earnings Conference Call” August 13, 2026 MANAGEMENT: MR. SKANDAPRASAD SEETHARAMAN – GROUP CHIEF FINANCIAL OFFICER MR. ROHAN MITTAL – HEAD STRATEGY AND BUSINESS GROWTH, GCC Page 1 of 25 VA TECH WABAG LIMITED August 13, 2026 Moderator: Good evening, and welcome, everyone, to this earnings call post announcement of Q1 FY 2027 Results of VA TECH WABAG Limited. On the call today from the management team, we have Mr. Skandaprasad Seetharaman, Group Chief Financial Officer; and Mr. Rohan Mittal, Head, Strategy and Business Growth, GCC. 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 updated 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. I will now request Mr. Skandaprasad Seetharaman to take you through the key business highlights. Thank you, and over to you, sir. Skandaprasad S.: Thank you, Iqra. Good evening, ladies and gentlemen. We extend a very warm welcome to all of you to the earnings call following the announcement of Q1 FY 2027 results of VA TECH WABAG LIMITED. I trust you have reviewed the Financial Results and Investor Presentation already shared on our website and filed with the stock exchanges. Your continued support and engagement remain invaluable to our growth journey, and we appreciate your presence today. Joining me today is Mr. Rohan Mittal, Head - Strategy and Business Growth, GCC. We have started FY 2027 on a strong footing across all 3 clusters and reporting record results, carrying forward the momentum of the previous year. The quarter was characterized by healthy execution, profitable growth, strong order intake and continued financial discipline. Importantly, we remained net cash positive for the 14th consecutive quarter, reinforcing the strength of our balance sheet and our disciplined approach to the growth. The quality and diversity of our business continues to give us confidence. During the quarter, we strengthened our presence across key markets, with important order wins in the GCC, India and Europe. We have entered Kuwait and UAE, strengthened our Indian portfolio with repeat orders in Bengaluru and Delhi and added another technologically advanced project in Europe. These wins reflect our strategy of pursuing opportunities where WABAG’s technology, engineering capabilities and execution experience provide a clear competitive advantage while maintaining discipline on risk and payment security. The MEA region continues to emerge as an important growth engine for WABAG with water security driving opportunities across desalination, wastewater treatment and reuse. Our growing references and local partnerships are helping us deepen our presence across these markets. Rohan will shortly take you through the developments on the business and execution progress in this region. Page 2 of 25 VA TECH WABAG LIMITED August 13, 2026 India also continues to offer significant opportunities. Our new projects with the BWSSB at Byramangala and Bellandur, along with Mitraon project from DJB further strengthen our Municipal Water and Wastewater portfolio. These projects also reflect the increasing focus on energy-efficient treatment, resource recovery and reuse. In Europe, the new project in Vienna reinforces WABAG’s ability to compete in demanding markets, based on advanced technology and engineering capabilities. Execution across our major projects continues to progress well. At our flagship Perur desalination project in Chennai, funded by JICA, we crossed an important construction milestone with 1 lakh cubic meters of concreting completed, the highest ever in our history on a single project. With the critical marine works already behind us, the project is progressing steadily towards completion. Our industrial portfolio projects in India under execution for majors like Reliance Industries, GAIL, BPCL and CPCL are progressing per plan. In Europe, the team have already started to progress on the Kutaisi project in Georgia, which was secured in Q4 last year. Our execution portfolio is well-diversified across municipal and industrial customers, EPC and O&M and India and International markets. Our strategy remains focused on building an asset-light technology-led water company while expanding our addressable market beyond conventional water and wastewater treatment into desalination, reuse, resource recovery, Bio-CNG, digitalization and advanced industrial water applications. This strong operating momentum is also reflected in our financial performance for the quarter. Let me briefly take you through the key numbers of this quarter. At the consolidated level, revenue from operations stood at INR 887 crores, registering a growth of 20.8% year-over-year. EBITDA stood at INR 116 crores, growing by 21.7% year-over-year with an EBITDA margin of over 13%. PAT stood at INR 90 crores, registering a profitable growth of almost 37% year-over-year, with an improved PAT margin at 10.2%. At the stand-alone level, revenue from operations stood at INR 739 crores, growing by over 15% year-over-year. Stand-alone EBITDA increased by over 21%, to INR 105 crores and stand-alone PAT increased by over 30% year-over-year to reach INR 79 crores for the quarter. EPC contributed 82% of the revenues while O&M contributed 18%. Geographically, 48% of the revenues came from India and 52% from overseas markets, emphasizing our growing global presence and geographical diversification, in line with our long-term strategy. We continued our net cash positive position for the 14th consecutive quarter with a net cash balance, excluding HAM standing at INR 965 crores as of this quarter. Net working capital days for the period stood at 108 days. We continue to focus on effective cash and debt management across the Group, along with delivering healthy returns on capital, with Return on Capital Employed (ROCE) at 19.6% and Return on Equity (ROE) at 16% for this quarter. Page 3 of 25 VA TECH WABAG LIMITED August 13, 2026 Our order intake during Q1 was over INR 34 billion, over INR 3,400 crores, of which about INR 29.6 billion was EPC and INR 4.7 billion was O&M. International [Showing first 8,000 characters — download PDF for full document]