India's VA Tech Wabag climbs on rise in March quarter profit

VA TECH WABAG

22/05/2025 07:33

** Shares of VA Tech Wabag VATE.NS rise as much as 10.5%, the highest intraday percentage gain in two months, to 1,557 rupees apiece

** Water management company posts a 37.4% rise in fourth-quarter profit at 995 million rupees ($11.62 million); revenue from operations rises 24% to 11.56 billion rupees

** VATE also approves a dividend of 4 rupees per share

** Strong order book of 137 billion rupees provides robust revenue visibility going forward, says VATE in its investor presentation

** Trading volume is at 2.61 million shares as of 11:52 a.m. IST, 8.5 times the 30-day average, according to data compiled by LSEG

** VATE's shares are down 14.2% in 2025 so far, exchange data shows

($1 = 85.6640 Indian rupees)

(Reporting by Bharath Rajeswaran in Bengaluru)

((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))