Va Tech Wabag

Q4FY23 & FY23 results:

• Consolidated Total Income of Rs 3,014 crore and Consolidated Revenue from operations of Rs 2,961 crore
• Consolidated EBITDA (before exceptional items) of Rs 355 crore; up 43% YoY
• Consolidated PAT (before exceptional items) of Rs 229 crore; up 74% YoY
• Standalone Total Income of Rs 2,386 crore and Standalone Revenue from operations of Rs 2,325 crore
• Standalone EBITDA (before exceptional items) of Rs 347 crore; up 81% YoY
• Standalone PAT (before exceptional items) of Rs 218 crore; up 136% YoY
• Cash Flow from Operations for the FY23 of Rs 85 crore
• Net Cash position as at end of Q4FY23 at Rs 101 crore
• Order Intake of Rs 6,844 crore
• Historic high Order Book position of over Rs 13,219 crore including Framework contracts; Providing Robust revenue visibility

Exceptional Item: (from financial results statement)
Pursuant to the inordinate delays in recovery of the receivables from Tecpro due to the prolonged legal proceedings at the National Company Law Tribunal (‘NCLT’) and from APGENCO due to project
completion delays not attributable to the Company, the Receivables and other current assets pertaining to these projects to the tune of Rs. 28,923 Lakhs have been written off and reported under
Exceptional Items in the Statement of Profit and Loss in the current financial year. Accordingly previous period balances are reclassified. The Company will continue its efforts to pursue the recovery of
these balances.
The Company has completed the project for TSGENCO and is in the process of recovering the receivables and retentions of Rs. 11,078 Lakhs. The Supreme Court has appointed a sole arbitrator to decide on all claims between the parties and the Company expects to recover the receivables and retention on completion of the arbitration process.