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Welspun Corp Ltd Q3FY24; 1178% rise in Profits

Welspun Corp Ltd. is one of the flagship companies of Welspun Group. It is a leading manufacturer of large diameter pipes globally, offering a one-stop solution for all line pipe related requirements with its wide range of high grade line pipes. These pipes are used for offshore and onshore transmission of oil, gas and water. It is among the Largest Welded Line Pipe manufacturing companies in the world.

Financial Results:

Welspun Corp Ltd reported Revenues for Q3FY24 of ₹4,750.00 Crores up from ₹2,402.00 Crore year on year, a rise of 97.75%.

Total Expenses for Q3FY24 of ₹4,439.00 Crores up from ₹2,386.00 Crores year on year, a rise of 86.04%.

Consolidated Net Profit of ₹294.00 Crores up 1178.26% from ₹23.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹11.15, up 1,152.81% from ₹0.89 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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