Q3FY18 Results: Va Tech Wabag witnesses turnaround in bottomline

Va Tech Wabag reported its quarterly earnings on Friday. The company's consolidated revenue for the quarter came in at Rs. 864.7 crore, registering 20.4 per cent yoy increase. This was mainly on account of 36.3 per cent yoy growth in overseas revenue which also offset 12 per cent yoy decline in revenue from India business.

Va Tech Wabag's EBITDA for the quarter fell by 2.2 per cent yoy to Rs. 77.67 crore with a corresponding margin contraction of 208 bps. EBITDA margin for the quarter stood at 9 per cent. This margin contraction was led higher raw material cost.

During the quarter, the company witnessed turnaround in net profit to Rs. 35.83 crore as against Rs. 0.37 crore net loss in the corresponding quarter of last year. Furthermore, the company’s order book as on December 31, 2017, stood at Rs. 1,526.2 crore. Out of this order book, 78 per cent orders belonged to O&M and rest to EPC.

However, the stock on Monday remain unaffected with this quarterly numbers and was trading in the red at Rs. 566 per share, down by 0.9 per cent from previous close of Rs. 571.15.