VA Tech Wabag Ltd (WABAG), a leading player in the water technology space, has said its profitable growth journey continued in FY22 and for the second year in a row, it has reported net cash positive. The company generated a positive operational cash flow of ₹11.2 crore in FY22 on a consolidated basis. “The group continues its turnaround from net debt to net cash of ₹9.6 crore,” said its investor document. Growth driversFor FY22, the company reported a consolidated PAT of ₹132 crore as against ₹110 crore in FY21, recording an increase of 209 per cent. Total income increased by 6 per cent to ₹3,012 crore (₹2,843 crore in FY21), driven by the sustained execution momentum.

Source: The Hindu May 31, 2022 05:55 UTC