PRN: VA Tech Wabag Posts Results - 9M FY 2012
VA Tech Wabag Posts Results - 9M FY 2012
CHENNAI, India, February 9, 2012 /PRNewswire/ --
Revenue of Rs.772.7 Crores; Â Net Profit of Rs.13.4 CroresÂ With an Order Book of Rs.3,550 Crores
VA Tech Wabag Limited, a leading India MNC in Water and Waste Water management today reported its results for the quarter endedÂ December 31, 2011.
During 9 month FY 2012, the consolidated revenue is Rs. 772.7 Crores and Net Profit of Rs. 13.4 Cores, a growth of 5% and 102% respectively over corresponding period previous year.
The Firm Consolidated Order book stands at Rs. 3,550 Crores. Â The Firm Order Book of EPC Segment stood at a Rs. 2,426 Crores and O&M Segment stood at Rs. 1,124 Crores.
In addition to the Firm Order Book, the Company has Framework Contracts ofÂ Rs. 1,330 Crores.
Order Intakes in Q3 FY12
The Company has received Orders of Rs. 533 Crores during Q3 FY 2012 of which Rs. 362 Crores from India and Rs. 171 Crores from Overseas. The key orders received are as follows:
The desalination project which was inaugurated on 23rd February 2010 is progressing as per schedule. Â The Company has completed 70% of the total EPC work in the project and expects to complete by mid 2012.
The Company is seeing overall positive developments in the Libya and believe that the situation will further improve in next few months.
Mr. T V Gopal