VA Tech Wabag net surges 42%

VA Tech Wabag, the Chennai-based multinational player in water and wastewater management, has reported a 42 per cent jump in net profit for the second quarter of the current year compared with the corresponding quarter previously. For the quarter ended September 30, 2017, the company reported a net profit of ₹37.63 crore (₹26.54 crore) on a total income of ₹886.77 crore (₹779.48 crore) on a consolidated basis. Its order book stands at about ₹7,900 crore, including framework contracts of about ₹800 crore.