VA Tech Wabag drops after poor Q4 result

VA Tech Wabag lost 3.65% to Rs 749.20 at 09:31 IST on BSE after consolidated net profit fell 1.2% to Rs 70.50 crore on 0.6% increase in total income to Rs 907.73 crore in Q4 March 2015 over Q4 March 2014.

The result was announced after market hours yesterday, 25 May 2015.

Meanwhile, the BSE Sensex was down 93.26 points, or 0.34%, to 27,550.62

On BSE, so far 9,124 shares were traded in the counter, compared with an average volume of 18,333 shares in the past one quarter.

The stock hit a high of Rs 781.50 and a low of Rs 746.35 so far during the day. The stock hit a record high of Rs 970 on 17 March 2015. The stock hit a 52-week low of Rs 474.55 on 23 May 2014.

The mid-cap company has an equity capital of Rs 10.86 crore. Face value per share is Rs 2.

VA Tech Wabag said that order book stood at Rs 6800 crore including framework contracts of Rs 1400 crore.

VA Tech Wabag is a leading multinational company specialized in water and waste water management.

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