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Entry Price

216.00

Target

200.00

Recommend Date

11-02-2020

Return

7.41 %
BUY

Date : 11-02-2020

VA Tech Wabag reported muted revenue growth of 2.6% YoY to | 679 crore, impacted by poor execution from the European cluster. However decent execution in the domestic market (up 21% YoY to | 268 crore) arrested the decline, to a certain extent. OPM expanded 270 bps YoY to 10.1% resulting in EBITDA growth of 39% YoY to | 68.5 crore largely owing to a better performance from subsidiaries. However higher ECL provisions impacted standalone operational performance. PAT was up 100.4% YoY to | 30.8 crore due to lower taxes.