VA Tech WABAG Ltd Reports Impressive Q1 Profits, Optimistic Outlook for Future

VA Tech WABAG Ltd posted a consolidated profit after tax of Rs 50.5 crore for the April-June 2024 quarter, up from Rs 47 crore in the previous year. The company's consolidated total income rose to Rs 547.7 crore. Chairman Rajiv Mittal expressed optimism about future international projects.

VA Tech WABAG Ltd, a leading player in water treatment, reported a consolidated profit after tax of Rs 50.5 crore for the April-June 2024 quarter, marking an increase from the Rs 47 crore registered during the same period last year. The company's consolidated total income for the quarter also saw a rise, growing to Rs 547.7 crore from Rs 520.9 crore.

For the fiscal year ending March 31, 2024, the consolidated profits stood at Rs 235.8 crore, with a total income of Rs 2,541 crore, according to a company statement. Chairman and Managing Director Rajiv Mittal commented positively on the financial performance, noting a continued growth trend with a significant focus on industrial, international, and O&M projects.

Mittal added that about 60% of the company's revenue for the quarter came from international projects. With a robust order book exceeding Rs 100 billion, VA Tech WABAG has a healthy mix of EPC and O&M contracts, providing strong revenue visibility. The company remains optimistic about securing large international projects in the future, further bolstering its growth momentum.

(With inputs from agencies.)