VA Tech Wabag, which had closed on Friday at Rs.282.15, opened today morning at Rs.292 and going up further to Rs.299.95. Its 52-week high is at Rs.304.80. Volumes are up almost 2 times.
The company posted a 53% (YoY) rise in consolidated net profit at Rs.46 crore and this was on a 27% rise in consolidated net revenue at Rs.999 crore.
EBITDA for the Indian business was up over 6% at Rs.58 crore while that for international business was up 20% at Rs.133 crore.
The company had an order book of over Rs 9,500 crore including framework contracts.