VA Tech Wabag has sustained its net profit on a consolidated basis for the fourth quarter of 2014-15, despite a tough business environment.
The Chennai-based multinational company in water and waste water treatment and recycling benefited from its presence in diverse geographical locations.
For the quarter ended March 31, 2015, the company reported a net profit of Rs.71.30 crore (Rs.71.90 crore) on a total income of Rs.907.73 crore (Rs.897.66 crore).
For 2014-15, the company reported a net profit of Rs.110.46 crore (Rs.113.62 crore) on a total income of Rs.2,435.15 crore (Rs.2,238.60 crore).
The company issued 2.71 crore equity shares as bonus shares on 1:1 basis during the quarter. It has recommended a dividend of Rs.4 a share of face value of Rs.2 a share.
On a standalone basis, the company reported a net profit of Rs.71.30 crore (Rs.71.90 crore) on a total income of Rs.907.73 crore (Rs.897.66 crore) for the quarter ended March 31, 2015.
Strong order book
A press release from the company said some of the major orders received during the fourth quarter include a Rs.732-crore order for balance of plant and water management from Telangana and Andhra Pradesh power utility; a Rs.200-crore order for a 147-million-litre-a-day water treatment plant in West Bengal; a €12-million (Rs.83 crore) Effluent Treatment Plant order in Uzbekistan and a €13-million (Rs.90 crore) sludge treatment order in Vienna, Austria.
The company’s order book stands at Rs.6,800 crore, including Rs.2,977 crore coming in during 2014-15.
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