Va Tech Wabag Ltd Share Price – NSE  /  BSE

Capital Goods-Non Electrical Equipment, Small Cap

Net profit of Va Tech Wabag rose 28.99% to Rs 60.20 crore in the quarter ended September 2023 as against Rs 46.67 crore during the previous quarter ended September 2022. Sales declined 11.38% to Rs 665.00 crore in the quarter ended September 2023 as against Rs 750.38 crore during the previous quarter ended September 2022.

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Net profit of Va Tech Wabag rose 58.98% to Rs 54.10 crore in the quarter ended September 2023 as against Rs 34.03 crore during the previous quarter ended September 2022. Sales rose 5.43% to Rs 604.10 crore in the quarter ended September 2023 as against Rs 572.98 crore during the previous quarter ended September 2022.

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In a regulatory filing made during market hours today, the company has announced that it has secured a consortium design, build, operate (DBO) repeat order towards 345 MLD Bejaoua drinking water treatment plant, worth about 215 million Tunisian Dinars (approximately EUR 63 million), from Societe Nationale D'exploitation Et De Distribution Des Eaux (SONEDE).

WABAG's excellent track-record with SONEDE for more than 2 decades combined with a technically superior and competitive bid ensured this repeat order win, consolidating WABAG's market position in the North African region.

The scope of WABAG under this order will be engineering & procurement (EP) and operation & maintenance (O&M), which is worth about half of the consortium order value, includes design, engineering and supply of electromechanical equipment including modern and compact lamella clarifiers, installation and commissioning of the plant followed by a one year O&M period.

The project is to be executed with WABAG as Leader of the Consortium and Entreprise Gloulou Mohamed et Salem (EGMS), the consortium partner who will be responsible for all Civil Works of the project.The project, which is funded by French Development Agency (AFD) and European Investment Bank (BEI), will be executed over a period of thirty months followed by operation & maintenance of the plant for a period of twelve months.

At the prevailing exchange rate of 1 Tunisian Dinar equivalent to 26.16 Indian Rupees, the value of the said contract aggregates to Rs 562.52 crore.

Guhan Kandasamy, head of marketing - Africa said, We thank SONEDE for their continued confidence in WABAG with this repeat order, which was won amidst strong international competition, giving us immense pride and happiness.

WABAG with this large water treatment project continues its contribution to water security in the African continent.

This plant which is one of the largest drinking water treatment plants in WABAG's profile, when completed will be an important reference project for us and will further enhance water security to the capital of Tunisia.

Va Tech Wabag is a pure-play water technology company. It offers a complete range of technologies and services for total water solutions in both municipal and industrial sectors.

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Va Tech Wabag will hold a meeting of the Board of Directors of the Company on 6 November 2023.

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