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Shares of VA Tech Wabag dipped 6% to Rs 721 on the BSE in an otherwise firm market after the company reported consolidated net loss of Rs 9.88 crore for the first quarter ended June 30, 2015 (Q1). The company had recorded a profit of Rs 10.17 crore in a year ago.
Consolidated net sales in quarter under review grew 13.7% at Rs 457 crore against Rs 401 crore in corresponding quarter of previous year.
However, on a standalone basis, the net profit of the company surged 82% at Rs 16.67 crore in June quarter against Rs 9.17 crore in previous year quarter. Net sales more than doubled to Rs 254 crore from Rs 125 crore.
The company said it has order book of Rs 7,631 crore including framework contracts of Rs 1,542 crore.
The stock opened at Rs 732 and touched a low of Rs 693 on the BSE. A combined 98,659 shares have changed hands on the counter on the BSE and NSE till 10:33 AM.
Consolidated net sales in quarter under review grew 13.7% at Rs 457 crore against Rs 401 crore in corresponding quarter of previous year.
However, on a standalone basis, the net profit of the company surged 82% at Rs 16.67 crore in June quarter against Rs 9.17 crore in previous year quarter. Net sales more than doubled to Rs 254 crore from Rs 125 crore.
The company said it has order book of Rs 7,631 crore including framework contracts of Rs 1,542 crore.
The stock opened at Rs 732 and touched a low of Rs 693 on the BSE. A combined 98,659 shares have changed hands on the counter on the BSE and NSE till 10:33 AM.
