VA Tech WABAG Q2 Net Profit at Rs 70.3 cr
By Rediff Money Desk, Chennai Nov 07, 2024 16:53
VA Tech WABAG reports consolidated net profit of Rs 70.3 crore for Q2 FY25, driven by strong international projects and technology focus. Order book stands at Rs 146 billion, the highest in the company's history.
Chennai, Nov 7 (PTI) Water treatment player VA Tech WABAG Ltd has registered consolidated profits of Rs 70.3 crore for the July-September 2024 quarter, driven by a focused strategy on technology, and international projects, the company said on Thursday.
The city-based company had registered consolidated profits of Rs 60.1 crore during the corresponding period of last financial year.
For the six month period ending September 30, 2024 the consolidated profits stood at Rs 125.1 crore, as compared to Rs 109.7 crore registered during the corresponding period of last year.
"This quarter (July-September 2024) has marked another period of profitable growth for Wabag, driven by a focused strategy on technology, industrial and international projects." said company Chairman and Managing Director Rajiv Mittal.
The consolidated total income during the quarter under review went up to Rs 714.1 crore as compared to Rs 680.4 crore registered in the year ago period.
For the half year period ending September 30, 2024 the consolidated total income grew to Rs 1,346 crore from Rs 1,258.9 crore registered in the corresponding six months of last financial year, the company said.
"Our order book stands at over Rs 146 billion, the highest in our history, comprises a balanced mix of EPC and Operations and Maintenance projects both in India and internationally. This strong backlog enhances visibility of future revenues, robust cash flows and a solid margin profile, positioning us well as we enter the second half of the financial year." Mittal added.
The city-based company had registered consolidated profits of Rs 60.1 crore during the corresponding period of last financial year.
For the six month period ending September 30, 2024 the consolidated profits stood at Rs 125.1 crore, as compared to Rs 109.7 crore registered during the corresponding period of last year.
"This quarter (July-September 2024) has marked another period of profitable growth for Wabag, driven by a focused strategy on technology, industrial and international projects." said company Chairman and Managing Director Rajiv Mittal.
The consolidated total income during the quarter under review went up to Rs 714.1 crore as compared to Rs 680.4 crore registered in the year ago period.
For the half year period ending September 30, 2024 the consolidated total income grew to Rs 1,346 crore from Rs 1,258.9 crore registered in the corresponding six months of last financial year, the company said.
"Our order book stands at over Rs 146 billion, the highest in our history, comprises a balanced mix of EPC and Operations and Maintenance projects both in India and internationally. This strong backlog enhances visibility of future revenues, robust cash flows and a solid margin profile, positioning us well as we enter the second half of the financial year." Mittal added.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Srestha Finvest
- 0.79 (+ 9.72)
- 60211179
- Thinkink Picturez
- 1.85 (+ 4.52)
- 56806760
- Vodafone Idea L
- 8.12 (+ 0.50)
- 48801033
- GTL Infrastructure
- 2.32 (+ 9.95)
- 37724252
- Standard Capital
- 0.99 (+ 1.02)
- 29317005
MORE NEWS
FinMin Asks Banks to Use MuleHunterAI for Fraud...
India's Finance Ministry urges banks to utilize MuleHunterAI, an AI tool developed by...
Mobikwik IPO: Price Band, Dates & Details
Mobikwik IPO opens on Dec 11 at Rs 265-279 per share. Learn about the IPO size, key...
Sebi Regulates Association with Prohibited...
Sebi proposes new rules to regulate associations between market intermediaries and...