20 Jun 2019 | 3:51 PM

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COMPANYNEWS
Va Tech Wabag Q4 net profit jumps 46.26% at Rs 38.73 cr
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Published on 05-22-2019
The company reported standalone net profit of Rs 38.73 crore for the quarter ended March 31 2019 as compared to Rs 26.48 crore in the same period last year registering a year-on-year growth of 46.26 per cent.


Net revenue of the company declined moderately by 18.54 per cent at Rs 435.44 crore in January-March quarter of this fiscal as against Rs 534.57 crore in the corresponding period last year.


During January-March quarter operating expenses dropped by 17.96 per cent to Rs 400.40 crore from Rs 488.08 crore in year ago period.


Other Income dipped by 5.22 per cent at Rs 2.18 crore versus (Mar`18 Rs 2.30 crore).


Operating Profit slipped by 24.63 per cent to Rs 35.04 crore as against Rs 46.49 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 7.47 per cent in March quarter.


Interest grew by 94.89 per cent y-o-y to Rs 16.39 crore while Taxation decreased by 271.45 per cent at Rs -19.94 crore (Mar`18 Rs 11.63 crore).