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The Financial Express

VA Tech Wabag Q1 net profit jumps 37%, order book stands at Rs 19,400 crore

AI Market Summary
VA Tech Wabag reported strong YoY fundamentals in Q1, with net profit up 37% and revenue up 21%, alongside a large Rs 19,400 crore order book supporting medium-term visibility. However, the sharp 37% QoQ revenue decline and a negative stock reaction (shares down over 2% on the day; down 14% in a month) temper near-term sentiment. Market impact remains largely idiosyncratic.
Impact level
● Low
Affected assets
NCCOGOLD2USD/USDT-0.86%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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VA Tech Wabag reported a 37% year-on-year rise in net profit for the quarter ended June. Consolidated revenue grew 21% YoY to Rs 886.8 crore, while EBITDA increased 22% to Rs 116.3 crore. The company booked new orders worth Rs 3,400 crore during the quarter, taking its order book to Rs 19,400 crore. Shares on the NSE fell more than 2% to close at Rs 1,903.60 on Wednesday.
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