WABAG declares Q3 and 9M FY 23 - 24 results

VA TECH WABAG LIMITED, a leading Indian Multinational Technology Company in the water sector announced today its financial results for the quarter and nine months ended 31st December 2023.

Sales and Profitability:

- Consolidated Revenue from operations of Rs. 19,222 Mn
- Consolidated EBITDA up at Rs. 2,613 Mn (13.6%)
- Consolidated PAT of Rs. 1,730 Mn; up by 40% YoY
- Standalone Revenue from operations of Rs. 17,378 Mn
- Standalone EBITDA up at Rs. 2,488 Mn (14.3%)
- Standalone PAT of Rs. 1,636 Mn; up by 69% YoY

Order book:

- Order Intake of Rs. 17.62 Bn
- Order Book of -Rs. 119 Bn including Framework contracts

Commenting on the results, Mr. Rajiv Mittal, Chairman & Managing Director, VA TECH WABAG LIMITED said, "I'm happy to note the revenue expansion that has commenced in this H2 with our new and large projects gaining traction. We continue to deliver another profitable growth in this quarter as well and also finished on a net cash positive note, reaffirming our commitment to the strategy "Wric/dhl: As we step into the last quarter of the fiscal year, we are confident to, maintain the momentum and finish the year on a good note."

Shares of VA Tech Wabag Limited was last trading in BSE at Rs. 686.40 as compared to the previous close of Rs. 705.40. The total number of shares traded during the day was 27541 in over 2282 trades.

The stock hit an intraday high of Rs. 712.35 and intraday low of 672.20. The net turnover during the day was Rs. 19150367.00.

Source : Equity Bulls

Keywords

VATechWabag INE956G01038 Q3FY24 9MFY24 ResultUpdate