VA Tech Wabag Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 13, 2021 at 03:29 am EST
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VA Tech Wabag Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 6,839.6 million compared to INR 6,083.5 million a year ago. Revenue was INR 6,869.7 million compared to INR 6,100.9 million a year ago. Net income was INR 262.2 million compared to INR 166.9 million a year ago. Basic earnings per share from continuing operations was INR 4.22 compared to INR 3.05 a year ago. Diluted earnings per share from continuing operations was INR 4.22 compared to INR 3.05 a year ago.
For the six months, sales was INR 13,419.6 million compared to INR 10,392.2 million a year ago. Revenue was INR 13,592.5 million compared to INR 10,422.6 million a year ago. Net income was INR 414.5 million compared to INR 218 million a year ago. Basic earnings per share from continuing operations was INR 6.67 compared to INR 3.98 a year ago. Diluted earnings per share from continuing operations was INR 6.67 compared to INR 3.98 a year ago.
VA Tech Wabag Limited is an India-based company, which is engaged in the water treatment field. The Company's principal activities include design, supply, installation, construction and operational management of drinking water, wastewater treatment, industrial water treatment and desalination plants. Its segments include India and the Rest of the World. The business of the Company is to provide solutions for drinking water treatment, industrial and process water treatment, water reclamation, sea and brackish water desalination, municipal wastewater treatment, industrial wastewater treatment and sludge treatment. It provides total water solutions for municipalities and various industries. The Company, under its build-own-operate-transfer (BOOT) model, provides solutions for financing, construction and operation of water and wastewater projects. It undertakes engineering procurement and construction (EPC) projects, providing services ranging from conceptualizing to commissioning.
VA TECH WABAG LIMITED 
