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Welspun Enterprises Ltd Q3FY24; 80% 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 Q3FY24 of ₹707.00 Crores up from ₹692.00 Crore year on year, a rise of 2.17%.

Total Expenses for Q3FY24 of ₹618.00 Crores down from ₹658.00 Crores year on year, a fall of 6.08%.

Consolidated Net Profit of ₹80.00 Crores down 80.1% from ₹402.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹5.17, down 80.65% from ₹26.72 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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