Va Tech Wabag Reports Mixed Financial Results for Q1, Highest Net Sales in 5 Quarters
Va Tech Wabag, a midcap company in the capital goods industry, reported a flat performance in the last quarter with a score of -5. However, the company's net sales and operating profit were the highest in the last five quarters, indicating a positive trend. Despite a decline in profit after tax and an increase in interest cost, Va Tech Wabag remains a strong player in the industry with a track record of creating higher earnings for shareholders. Investors are advised to hold their position and monitor the company's future performance.
Va Tech Wabag, a midcap company in the capital goods industry, recently announced its financial results for the quarter ending March 2024. The company's stock has been given a 'Hold' call by MarketsMOJO.
According to the financials, Va Tech Wabag has seen a flat performance in the last quarter, with a score of -5 compared to 3 in the previous quarter. However, there are some positive aspects to the company's performance. The net sales for the quarter were the highest in the last five quarters at Rs 934.20 crore, indicating a positive trend in sales. The operating profit (PBDIT) for the quarter was also the highest in the last five quarters at Rs 115.50 crore, showing a positive trend in profitability.
On the other hand, there are some areas of concern for Va Tech Wabag. The profit after tax (PAT) for the quarter has fallen by 45.3% year on year, with a negative trend in the near term. The interest cost for the quarter has also increased by 30.54% quarter on quarter, indicating higher borrowings for the company.
Despite the mixed financial performance, Va Tech Wabag remains a strong player in the capital goods industry. The company has a track record of creating higher earnings for its shareholders, with the highest earnings per share (EPS) in the last five quarters at Rs 11.68. Investors are advised to hold their position in the company's stock and keep an eye on its future performance.
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