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Welspun Enterprises Ltd Q2FY24; 48% fall 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 Q2FY24 of ₹646.00 Crores up from ₹530.00 Crore year on year, a rise of 21.89%.

Total Expenses for Q2FY24 of ₹596.00 Crores up from ₹513.00 Crores year on year, a rise of 16.18%.

Consolidated Net Profit of ₹69.00 Crores down 48.12% from ₹133.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹4.48, down 49.15% from ₹8.81 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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