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VA Tech Wabag slips on weak quarterly results

The stock opened at Rs 1,559 and touched a low of Rs 1,486 on the BSE

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SI Reporter Mumbai
Last Updated : Feb 09 2015 | 10:06 AM IST
VA Tech Wabag has slipped 2% at Rs 1,487 on the BSE after consolidated net profit fell 36.29% to Rs 13.83 crore on 5.1% rise in total income to Rs 619.41 crore in Q3 December 2014 over Q3 December 2013. The company announced Q3 results on Saturday, 7 February 2015.

Key orders of large ticket sizes from India and MDU's like Phillipines and Turkey helped the company to garner order intake worth Rs 665 crore in Q3 December 2014. The order book stood at Rs 6973 crore including framework contracts of Rs 1687 crore.

VA Tech Wabag said that the board of directors of the company at its meeting held on 7 February 2015, inter alia, has considered, approved and recommended for approval of the shareholders 1:1 bonus issue.

The stock opened at Rs 1,559 and touched a low of Rs 1,486 on the BSE. A total of 11,076 shares changed hands on the BSE so far.

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First Published: Feb 09 2015 | 10:03 AM IST

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