Va Tech Wabag slides on poor Q1 numbers

Va Tech Wabag fell 3.54% to Rs 739.45 at 13:36 IST on BSE after the company reported consolidated net loss of Rs 9.88 crore in Q1 June 2015 as against net profit of Rs 10.17 crore in Q1 June 2014.

The result was announced on Saturday, 8 August 2015.

Meanwhile, the BSE Sensex was up 89.76 points, or 0.32%, to 28,326.15.

On BSE, so far 36,000 shares were traded in the counter, compared with an average volume of 15,456 shares in the past one quarter.

The stock hit a high of Rs 745 and a low of Rs 693.05 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 617.20 on 28 April 2015.

The stock had underperformed the market over the past one month till 7 August 2015, falling 3.04% compared with 0.23% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 12.18% as against Sensex's 6.16% rise.

The mid-cap company has an equity capital of Rs 10.89 crore. Face value per share is Rs 2.

Va Tech Wabag's consolidated net sales rose 14.49% to Rs 455.70 crore in Q1 June 2015 over Q1 June 2014.

On a standalone basis, the company's net profit rose 81.79% to Rs 16.67 crore on 102.84% rise in net sales to Rs 253.81 crore in Q1 June 2015 over Q1 June 2014.

The company reported order intake of more than Rs 1000 crore in Q1 June 2015. Order book stood at Rs 7631 crore as on 30 June 2015, including framework contracts of Rs 1542 crore, the company said in a statement.

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

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