Other income fell 64% to Rs 1.96 crore and interest cost grew 12% to Rs 13.32 crore. After providing for depreciation (down 1% to Rs 4.52 crore), PBT jumped 57% to Rs 25.94 crore.

Provision for taxation grew 46% to Rs 16.00 crore, after which PAT went up 79% to Rs 9.94 crore.

Minority interest and share of profit/loss of associate companies grew 322% to Rs 1.56 crore.

Finally net profit grew 61% to Rs 8.38 crore.

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 26% of the total revenue. Revenue fell 6% to Rs 181.78 crore. PBIT fell 33% to Rs 24.64 crore and accounted for 17% of total

During the quarter Rest of the World business accounted for 74% of the total revenue. Revenue grew 21% to Rs 514.81 crore. PBIT grew 46% to Rs 117.75 crore and accounted for 83% 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 618.