For the quarter ended March 2017, Va Tech Wabag reported a 33% rise its consolidated sales to Rs 1131.74 crore. OPM fell 160 basis points to 11.6% which saw OP grow 17% to Rs 131.67 crore.
Other income fell 91% to Rs 33 lakh and interest cost grew 5% to Rs 16.04 crore. After providing for depreciation (up 1% to Rs 5.17 crore), PBT grew 15% to Rs 110.78 crore.
Provision for taxation fell grew 7% to Rs 32.64 crore, after which PAT went up 19% to Rs 78.14 crore.
Minority interest and share of profit/loss of associate companies grew 534% to Rs 2.41 crore.
Finally PAT grew 16% to Rs 75.73 Rs 75.73 crore.
FY 2017 performance
In FY 2017, Va Tech Wabag reported a 28% rise its consolidated sales to Rs 3207.91 crore. OPM stood at 9.2% which saw OP grow 27% to Rs 296.62 crore.
Other income grew 42% to Rs 11.23 crore and interest cost grew 15% to Rs 52.58 crore. After providing for depreciation (down 7% to Rs 19.11 crore), PBT grew 35% to Rs 236.16 crore.
Provision for taxation stagnated at Rs 66.66 crore after which PAT went up 57% to Rs 169.50 crore.
Minority interest and share of profit/loss of associate companies grew 251% to Rs 67.10 crore. Finally net profit grew 15% to Rs 102.40 crore.
Share of profit from associates & minority interest reflects abnormal writeoffs on its Oman project and can be considered as onetime hit.
Consolidated segment Performance
During the quarter Indian business contributed 38% of the total revenue. Revenue grew 57% to Rs 453.87 crore. PBIT stood at a loss of Rs 27.59 crore against a profit of Rs 52.09 crore and accounted for -12% of total
During the quarter Rest of the World business accounted for 62% of the total revenue. Revenue grew 19% to Rs 737.20 crore. PBIT grew 71% to Rs 251.84 crore and accounted for 112% of total
In FY 2017 Indian business contributed 35% of the total revenue. Revenue grew 21% to Rs 1170.80 crore. PBIT fell 42% to Rs 112.39 crore and accounted for 19% of total
In FY 2017 Rest of the World business accounted for 65% of the total revenue. Revenue grew 29% to Rs 2153.32 crore. PBIT grew 39% to Rs 489.73 crore and accounted for 81% of total
Valuation
The share price trades at Rs 662.
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