Va Tech Wabag PAT revives in Q4FY17
Amir Shaikh / 26 May 2017
Total sales for this quarter, Q3FY17, came in at Rs. 1132 crore. This represents a 56.79 per cent sequential increase and 32.86 per cent YoY increase.
Va Tech Wabag Ltd. reported its results for the quarter ended March 31, 2017. Total sales for this quarter, Q3FY17, came in at Rs. 1132 crore. This represents a 56.79 per cent sequential increase and 32.86 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 127.05 crore and the EBIT margin stood at 11.22 per cent.
In terms of the bottom-line, the company reported a PAT figure of Rs. 79.5 crore as against net loss of Rs 0.37 crore in Q3FY17 and a YoY increase of 21.38 per cent.
Company board has recommended a dividend of Rs 4 on FV of Rs 2 per share.
The stock of Va Tech Wabag opened on a positive note at Rs 688.95. Currently, the stock is trading at Rs 685.2 with 0.4% gains.
Va Tech Wabag is India based water treatment company engaged in planning, completion and operation of drinking water and wastewater plants for both the municipal and industrial sectors. The company offers sustained solutions for special customer needs through a comprehensive range of services and innovative technologies.
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