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Welspun India Ltd Q1FY24; 676% rise in Profits

Welspun India Limited, part of the US$ 2.7 billion Welspun Group, is one of the largest home textile manufacturers in the world. The Company offers a wide spectrum of Home & Technical textile products and Flooring solutions. The Company has established itself as a thought leader within the home textile industry over the years and continue to focus on the enablers viz. Innovation, Branding and Sustainability to consolidate its leadership position.

Financial Results:

Welspun India Ltd reported Revenues for Q1FY24 of ₹2,184.00 Crores up from ₹1,957.00 Crore year on year, a rise of 11.6%.

Total Expenses for Q1FY24 of ₹1,999.00 Crores up from ₹1,942.00 Crores year on year, a rise of 2.94%.

Consolidated Net Profit of ₹163.00 Crores up 676.19% from ₹21.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹1.61, up 631.82% from ₹0.22 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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