Welspun India declines on reporting 96% fall in Q2 consolidated net profit
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Welspun India is currently trading at Rs. 77.15, down by 0.25 points or 0.32% from its previous closing of Rs. 77.40 on the BSE.
The scrip opened at Rs. 76.20 and has touched a high and low of Rs. 77.35 and Rs. 76.20 respectively. So far 65350 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 159.95 on 10-Jan-2022 and a 52 week low of Rs. 62.30 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 80.25 and Rs. 74.60 respectively. The current market cap of the company is Rs. 7608.05 crore.
The promoters holding in the company stood at 70.36%, while Institutions and Non-Institutions held 12.29% and 17.35% respectively.
Welspun India has reported results for second quarter ended September 30, 2022. The company has reported a fall of 93.82% in its net profit at Rs 7.84 crore for the quarter under review as compared to Rs 126.92 crore for the same quarter in the previous year. Total income of the company decreased by 13.55% at Rs 1557.63 crore for Q2FY23 as compared Rs 1801.75 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported fall of 95.87% in its net profit at Rs 8.33 crore for the quarter under review as compared to Rs 201.50 crore for the same quarter in the previous year. Total income of the company decreased by 14.58% at Rs 2136.59 crore for Q2FY23 as compared Rs 2501.39 crore for the corresponding quarter previous year.
