Va Tech Wabag Q1 net profit surges 84%

August 11, 2023 07:52 pm | Updated 07:52 pm IST - CHENNAI

Rajiv Mittal

Rajiv Mittal | Photo Credit: By arrangement

Va Tech Wabag Ltd. (Wabag) reported standalone net profit for the June quarter surged 84% from the year earlier period to ₹47 crore.

Income from operations rose to ₹509 crore from ₹485 crore, the water treatment company said in a regulatory filing.

Wabag has an order intake of ₹7.3 billion and a robust order book position of more than ₹125 billion, including framework contracts.

“We continue to have a healthy mix between EPC and O&M projects, which provides good cash flow visibility and better margins going forward,” said CMD Rajiv Mittal. “In summary, profitable growth has been our foremost target and we have been consistently delivering the same every quarter,” he added.

Top News Today

Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.