VA Tech Wabag Ltd posts Rs. 15.23 crore consolidated PAT in Q1FY22

VA Tech Wabag Limited has reported financial results for the period ended June 30, 2021.

Financial Results (Q1 FY 2021-22) - QoQ Comparison

The company has reported total income of Rs.672.28 crores during the period ended June 30, 2021 as compared to Rs.1000.81 crores during the period ended March 31, 2021.

The company has posted net profit / (loss) of Rs.15.23 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.46.53 crores for the period ended March 31, 2021.

The company has reported EPS of Rs.2.45 for the period ended June 30, 2021 as compared to Rs.7.96 for the period ended March 31, 2021.

Financials	Q1 FY2021-22	Q4 FY20-21	% Change
Total Income	₹ 672.28 crs	₹ 1000.81 crs	-32.83%
Net Profit	₹ 15.23 crs	₹ 46.53 crs	-67.27%
EPS	₹ 2.45	₹ 7.96	-69.22%

Financial Results (Q1 FY 2021-22) - YoY Comparison

The company has reported total income of Rs.672.28 crores during the period ended June 30, 2021 as compared to Rs.432.17 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.15.23 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.5.11 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.2.45 for the period ended June 30, 2021 as compared to Rs.0.93 for the period ended June 30, 2020.

Financials	Q1 FY2021-22	Q1 FY2020-21	% Change
Total Income	₹ 672.28 crs	₹ 432.17 crs	55.56%
Net Profit	₹ 15.23 crs	₹ 5.11 crs	198.04%
EPS	₹ 2.45	₹ 0.93	163.44%

Commenting on the results, Mr. Rajiv Mittal, Managing Director, VA TECH WABAG LIMITED said, "We have been witnessing continuous improvement in the pace of business activities over the last few quarters as the COVID-19 situation eases and this is the case in Q1 FY 22 as well. The projects have picked up good pace and we are confident of another year of profitable growth in FY 22.

Our order intake has started showing traction and we are very happy with the latest order of 165 M USD secured from Oil and Gas sector in Russia, which is set to be a game changer for WABAG. Going forward, our order pipeline looks strong."

Shares of VA Tech Wabag Limited was last trading in BSE at Rs. 341.8 as compared to the previous close of Rs. 346.6. The total number of shares traded during the day was 89679 in over 3801 trades.

The stock hit an intraday high of Rs. 353 and intraday low of 324.75. The net turnover during the day was Rs. 30252235.

Source : Equity Bulls

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