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Wabco India slips after weak Q2 show

Capital Market 

Wabco India declined 1.33% to Rs 6,140.60 after net profit slumped 64.55% to Rs 33.85 crore on a 39.96% fall in total revenue from operations to Rs 445.99 crore in Q2 September 2019 over Q2 September 2018.

The result was announced during trading hours today, 4 November 2019.

Meanwhile, the S&P BSE Sensex was up 103 points or 0.26% to 40,267.76.

WABCO India is engaged in manufacturing automotive components and related services. The company provides safety and vehicle control solutions to the commercial vehicle segment of the automotive industry. The firm is engaged in the manufacture of air brake actuation systems for commercial vehicles.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 04 2019. 14:34 IST