VA Tech Wabag Q2 FY27 Results: Consolidated Net Profit ₹104 Crore on Total Income of ₹1,031 Crore
- Earnings
- water technology
Reviewed byRachit TripathiBlacklitt Research
VA Tech Wabag (NSE: WABAG) reported consolidated total income of ₹1,031 crore and consolidated net profit of ₹105 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Standalone total income was ₹879 crore and standalone net profit ₹89 crore for the same quarter.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹1,031 crore, up 17.7% YoY and 9.9% QoQ
- Net profit and EPS: ₹105 crore, up 23.2% YoY; basic EPS ₹16.77
- Order book: ₹202 Bn at 30 Sep 2026, with order intake of ₹52 Bn in the period
- Finance costs: ₹18 crore, down 9.7% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹879 crore, up 20.0% YoY and 12.2% QoQ
- Net profit and EPS: ₹89 crore, up 27.2% YoY; basic EPS ₹14.33
- EBITDA: ₹227 crore, up 20% YoY, per the press release
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 1,031 | 876 | +17.7% | 939 | +9.9% | |
| Revenue from operations | 1,000 | 835 | +19.9% | 887 | +12.8% |
| Other income | 11 | 10 | +4.8% | 15 | -28.3% |
| 105 | 85 | +23.2% | 90 | +16.0% | |
| Profit before tax | 136 | 111 | +22.7% | 118 | +15.1% |
| Finance costs | 18 | 20 | -9.7% | 17 | +2.9% |
| Depreciation | 2 | 2 | 0.0% | 2 | +6.3% |
| Tax expense | 32 | 26 | +21.2% | 28 | +12.1% |
| Net profit margin | 10.13% | 9.68% | +0.45 pp | 9.60% | +0.54 pp |
| EPS, basic (₹) | 16.77 | 13.63 | +23.0% | 14.46 | +16.0% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated net profit grew faster than total income. Net profit rose 23.2% YoY against 17.7% growth in total income, and profit before tax rose 22.7%. Revenue from operations, at ₹1,000 crore, rose 19.9% YoY, while other income of ₹11 crore fell 28.3% from the previous quarter.
Finance costs of ₹18 crore are 1.7% of total income this quarter, down from ₹20 crore a year earlier.
Tax expense of ₹31.50 crore is 23.2% of profit before tax. The filing does not explain the change in the sign of deferred tax between periods, or the reason for the rise in other expenses and employee benefits expense.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 879 | 732 | +20.0% | 783 | +12.2% | |
| Revenue from operations | 848 | 690 | +22.9% | 739 | +14.7% |
| Other income | 11 | 8 | +31.0% | 15 | -27.6% |
| 89 | 70 | +27.2% | 79 | +12.7% | |
| Profit before tax | 120 | 96 | +25.5% | 107 | +11.8% |
| Finance costs | 12 | 15 | -19.3% | 12 | -0.8% |
| Depreciation | 1 | 1 | +20.0% | 1 | +9.1% |
| Tax expense | 31 | 25 | +20.9% | 28 | +9.3% |
| Net profit margin | 10.18% | 9.60% | +0.57 pp | 10.12% | +0.05 pp |
| EPS, basic (₹) | 14.33 | 11.30 | +26.8% | 12.73 | +12.6% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit rose 27.2% YoY, faster than total income at 20.0% and faster than profit before tax at 25.5%. Standalone revenue from operations rose 22.9% YoY, slower than other income, which rose 31.0% from a smaller base of ₹8 crore.
Standalone other income of ₹11.00 crore is 9.2% of profit before tax of ₹120.00 crore. Standalone finance costs of ₹12.00 crore are 1.4% of total income. Standalone tax expense of ₹30.60 crore is 25.5% of profit before tax.
The press release gives an order book of ₹202 Bn, with the company saying it provides robust revenue visibility. The consolidated net cash position excluding HAM is ₹1,144.2 crore and gross cash position is ₹1,218.2 crore, with the company describing this as its 15th consecutive quarter of positive net cash.
The Statutory Auditors carried out a limited review of both sets of results and reported unmodified conclusions. The company also reports segment information under Ind AS 108, with geographical components as its operating segments.
Inference
The filing confirms the Board approved both sets of results on 5 Nov 2026 and that the auditors reported unmodified conclusions after a limited review. The filing states the order book and cash position from the press release, and reports dividend paid of ₹312 million in the cash flow statement for the half year.
The filing does not say how the order book will convert into revenue over time, or what margin the new orders will carry, and it is not known from the filing how these will affect future results.
Filed with BSE on . Reference: Original filing (PDF)
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