Welspun India trades higher on reporting over 2-fold jump in Q4 consolidated net profit
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Welspun India is currently trading at Rs. 88.13, up by 1.07 points or 1.23% from its previous closing of Rs. 87.06 on the BSE.
The scrip opened at Rs. 88.00 and has touched a high and low of Rs. 89.95 and Rs. 87.30 respectively. So far 255549 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 89.95 on 28-Apr-2022 and a 52 week low of Rs. 62.20 on 29-Mar-2023.
Last one week high and low of the scrip stood at Rs. 89.95 and Rs. 82.90 respectively. The current market cap of the company is Rs. 8800.64 crore.
The promoters holding in the company stood at 70.36%, while Institutions and Non-Institutions held 11.52% and 18.12% respectively.
Welspun India has reported 87.69% rise in its net profit at Rs 77.16 crore for fourth quarter ended March 31, 2023 as compared to Rs 41.11 crore for the same quarter in the previous year. However, total income of the company decreased by 13.03% at Rs 1,410.62 crore for Q4FY23 as compared to Rs 1,621.93 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported over 2-fold jump in its net profit at Rs 128.99 crore for fourth quarter ended March 31, 2023 as compared to Rs 51.25 crore for the same quarter in the previous year. However, total income of the company decreased by 2.30% at Rs 2195.47 crore for Q4FY23 as compared to Rs 2,247.06 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 61.32% fall in its net profit at Rs 151.68 crore as compared to Rs 392.13 crore for the previous year. Total income of the company decreased by 14.64% at Rs 5,795.52 crore for year under review as compared to Rs 6,789.53 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 66.62% rise in its net profit at Rs 202.51 crore as compared to Rs 606.71 crore for the previous year. Total income of the company increased by 12.39% at Rs 8,215.10 crore for year under review as compared to Rs 9377.31 crore for year ended March 31, 2022.
