VA Tech Wabag Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 09, 2024 at 04:38 am EST
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VA Tech Wabag Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 7,044 million compared to INR 6,516 million a year ago. Revenue was INR 7,081 million compared to INR 6,536 million a year ago. Net income was INR 629 million compared to INR 471 million a year ago. Basic earnings per share from continuing operations was INR 12.56 compared to INR 12.62 a year ago. Diluted earnings per share from continuing operations was INR 12.56 compared to INR 12.62 a year ago.
For the nine months, sales was INR 19,222 million compared to INR 20,336 million a year ago. Revenue was INR 19,670 million compared to INR 20,883 million a year ago. Net income was INR 1,730 million compared to INR 1,240 million a year ago. Basic earnings per share from continuing operations was INR 29.23 compared to INR 23.39 a year ago. Diluted earnings per share from continuing operations was INR 29.23 compared to INR 23.39 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 
