CHENNAI: , an Indian multinational company in the water sector announced that it recorded a consolidated PAT of Rs 110 crore which is up by 21 per cent YoY.
The company on Saturday announced this while reporting its results for the financial year ended March 31.
Va Tech Wabag boasted an order book of over Rs 9,500 crore including framework contracts, the company said in a statement.
“The performance for FY 21, is a reflection of our cash focused approach to revert back to net cash positive and generate consecutive years of operational cash flow. This was well aided by our quality of orderbook and annuity business. We are well poised to improve further from here on and generate value for our stakeholders with close to 10,000 crore worth of orders to execute,” said Rajiv Mittal, Managing Director, Va Tech Wabag.
It said that consolidated revenue stood at Rs 2,835 crore while consolidated EBITDA was Rs 218 crore.
In standalone terms, revenue was Rs 1,843 crore, EBITDA at Rs 170 crore and PAT of Rs 73 crore, which was an increase of 24 per cent YoY.
In addition, Va Tech Wabag said that this was the second consecutive year of free cash flow generation of Rs 96 crore on consolidated and Rs 69 crore on standalone basis.
It also is the second consecutive year of positive operational cash flow generation, both at the consolidated and standalone level.
Further, the company said the Year over Year sales increased by 11 per cent.
