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Welspun Investments & Commercials Ltd Q1FY24; 85% fall in Revenue

Welspun Investments and Commercials Limited (WICL)-formerly known as Welspun Investments Limited was formed after the demerger of Welspun India Limited into two separate companies in 2009. The Co. is engaged in the business of Investment and dealing in shares & securities and trading of textile products & commodities.

Financial Results:

Welspun Investments & Commercials Ltd reported Revenues for Q1FY24 of ₹0.02 Crores down from ₹0.13 Crore year on year, a fall of 84.62%.

Total Expenses for Q1FY24 of ₹0.08 Crores up from ₹0.07 Crores year on year, a rise of 14.29%.

Consolidated Net Profit of -₹0.06 Crores from ₹0.04 Crores in the same quarter of the previous year.

The Earnings per Share is -₹0.16, from ₹0.11 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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