India's Va Tech Wabag loses over 7% on reporting loss in March quarter

VA TECH WABAG

22/05/2023 06:44

** Shares of Va Tech Wabag Ltd  VATE.NS  tumble as much as
7.34% to 389 rupees, steepest intraday pct fall in over 10
months
    ** Water treatment firm reports consolidated net loss of
1.11 bln rupees in March quarter compared with net profit of 463
mln rupees Y/Y
    ** Revenue rises 4% Y/Y to 9.27 bln rupees
    ** Profit falls due to exceptional item of 2.43 bln rupees
in March quarter
    ** Trading volume is 1.04 mln shares as of 11:08 a.m. IST,
1.5x the 30-day avg - Refinitiv data

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))