Welspun Enterprises soars on reporting 59% rise in Q4 consolidated net profit
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Welspun Enterprises is currently trading at Rs. 77.30, up by 1.10 points or 1.44% from its previous closing of Rs. 76.20 on the BSE.
The scrip opened at Rs. 76.35 and has touched a high and low of Rs. 80.00 and Rs. 76.20 respectively. So far 31341 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 131.00 on 08-Jun-2021 and a 52 week low of Rs. 69.00 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 83.50 and Rs. 69.00 respectively. The current market cap of the company is Rs. 1158.23 crore.
The promoters holding in the company stood at 53.49%, while Institutions and Non-Institutions held 5.41% and 41.10% respectively.
Welspun Enterprises has reported a rise of 33.23% in its net profit at Rs 52.92 crore for the quarter ended March 31, 2022 as compared to Rs 39.72 crore for the same quarter in the previous year. However, total income of the company decreased by 5.64% at Rs 477.65 crore for Q4FY22 as compared Rs 506.18 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a rise of 58.77% in its net profit at Rs 65 crore for the quarter ended March 31, 2022 as compared to Rs 40.94 crore for the same quarter in the previous year. However, total income of the company decreased by 11.04% at Rs 534.64 crore for Q4FY22 as compared Rs 600.97 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported a fall of 13.04% in its net profit at Rs 93.44 crore as compared to Rs 107.45 crore for the previous year. Total income of the company decreased by 6.56% at Rs 1,344.74 crore for year under review as compared to Rs 1,439.16 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported a fall of 3.13% in its net profit at Rs 126.10 crore as compared to Rs 130.17 crore for the previous year. Total income of the company decreased by 5.77% at Rs 1,574.99 crore for year under review as compared to Rs 1,671.52 crore for year ended March 31, 2021.
