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India`s Welspun posts steep Q2 profit drop on low domestic steel bar demand  India's Welspun Corp reported a 25% drop in second-quarter profit on Friday, due to sluggish domestic demand for its steel bars amid a slowdown in construction activity. The company, which makes which makes pipes to move oil, natural gas, and bars for infrastructure, said its consolidated net profit fell 25% to 2.87 billion rupees ($34 million) for the three months ended Sept. 30. Its revenue from operations slid 19% to 33.02 billion rupees during the quarter. For further e...
India`s Welspun posts steep Q2 profit drop on low domestic steel bar demand
India`s Welspun posts steep Q2 profit drop on low domestic steel bar demand
Source: Reuters
2024-11-08 05:37:36 pm
Welspun One raises Rs 2,275 crore to boost logistics infra in India Integrated fund and development management platform Welspun One on Monday said it has raised a second fund worth Rs 2,275 crore, inclusive of co-investment commitments, to strengthen logistics infrastructure in the country.  The funds were raised from a diverse pool of approximately 800 Limited Partners (LPs), including high-net-worth and ultra-high-net-worth individuals, family offices, corporates, and domestic institutions. Combined with ‘Fund 1’, Welspun One's in...
Welspun One raises Rs 2,275 crore to boost logistics infra in India
Welspun One raises Rs 2,275 crore to boost logistics infra in India
Source: IANS
2024-07-08 12:25:16 pm
India's pipe manufacturer Welspun posts Q2 profit on robust demand Indian pipe manufacturer Welspun Corp on Wednesday reported a profit for the second quarter compared with a year ago loss, driven by robust demand in its core steel segment. The company's consolidated net profit stood at 3.85 billion rupees ($46.24 million) in July-September, against a loss of 565.9 million rupees in the year ago period, it said in an exchange filing. Welspun, which also operates in the United States and Saudi Arabia, said its revenue from operations surged more tha...
India's pipe manufacturer Welspun posts Q2 profit on robust demand
India's pipe manufacturer Welspun posts Q2 profit on robust demand
Source: Reuters
2023-11-09 09:54:42 am
Buy Welspun India Ltd For Target Rs.185 - JM Financial Institutional Securities Welspun India reported an EBITDA of INR3.6bn in line with JMfe. EBITDA margins maintained sequentially at ~14.3% (up significantly YoY) on account of relatively subdued cotton, coal and container cost. Key takeaways from the concall are a) capacity utilisations reached ~85-90% levels in 2Q aided by black friday / festive sales related restocking b) The company has maintained its guidance of ~10-12% revenue growth in FY24 with EBITDA margins expected at 15% given a cautious 2H c) flooring grow...
Buy Welspun India Ltd For Target Rs.185 - JM Financial Institutional Securities
Buy Welspun India Ltd For Target Rs.185 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
2023-10-31 11:05:46 am
India`s Welspun Living posts Q2 profit surge on higher demand for home linens India's Welspun Living reported a multi-fold rise in its second-quarter profit on Wednesday, boosted by strong demand for its bed and bath linens.The company's consolidated net profit rose to 1.97 billion rupees ($23.6 million) from 86.7 million rupees in the corresponding quarter a year ago, the home textile maker said in an exchange filing.Rising demand among urban consumers and a reduction in inventory have helped profitability at home textile companies, analysts said. Meanwhile, freight c...
India`s Welspun Living posts Q2 profit surge on higher demand for home linens
India`s Welspun Living posts Q2 profit surge on higher demand for home linens
Source: Reuters
2023-10-25 05:05:47 pm