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Welspun Enterprises Ltd Q1FY24; 90% rise in Profits

Welspun Enterprises Limited (WEL) , formerly known as Welspun Projects Ltd., is a part of the USD 2.7 billion Welspun Group. The Company operates in the infrastructure space with investments in oil & gas.

Financial Results:

Welspun Enterprises Ltd reported Revenues for Q1FY24 of ₹699.00 Crores up from ₹690.00 Crore year on year, a rise of 1.3%.

Total Expenses for Q1FY24 of ₹624.00 Crores down from ₹682.00 Crores year on year, a fall of 8.5%.

Consolidated Net Profit of ₹93.00 Crores up 89.8% from ₹49.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹6.11, up 89.16% from ₹3.23 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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