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News Topical, Digital Desk : Water supply management company VA Tech Wabag has presented its quarterly results. According to the information given by the company, its profit has increased by 20 percent compared to last year. At the same time, there has been a growth of 17 percent in income on a year-on-year basis. EBITDA has also increased by more than 17 percent, while margins have remained stable compared to last year. The company has released the results after the market closed, so the impact of the results on the stock can be seen in the next session.
How were the quarterly results?
According to the information given by the company, its consolidated profit has increased by 20 percent compared to last year and has increased from Rs 55 crore to Rs 66 crore. At the same time, the consolidated income of the company has increased by 17 percent to Rs 626.5 crore compared to last year. Which was at the level of Rs 734 crore last year. The EBITDA of the company has increased by 17.4 percent compared to last year and has increased from Rs 81.4 crore to Rs 95.6 crore. There has been no change in the EBITDA margin compared to last year and the margin has remained stable at last year's level of 13 percent. In Tuesday's trading, the stock included in BSE Smallcap has seen a rise and the stock has closed at the level of 1543, rising by more than one percent. During the session, the stock reached the level of 1547. The stock reached 1944 in December last year, which is the highest level of the stock for the year. At the same time, the stock has recorded the lowest level of 1109 in the year in January this year.
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