Welspun India Ltd reports consolidated PAT of Rs. 179.70 crore in Q2FY21

WELSPUN INDIA LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1992.58 crores during the period ended September 30, 2020 as compared to Rs.1216.04 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.179.70 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.49.09 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.1.79 for the period ended September 30, 2020 as compared to Rs.0.49 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 1992.58 crs	₹ 1216.04 crs	63.86%
Net Profit	₹ 179.70 crs	₹ 49.09 crs	266.06%
EPS	₹ 1.79	₹ 0.49	265.31%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.1992.58 crores during the period ended September 30, 2020 as compared to Rs.1837.08 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.179.70 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.198.54 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.1.79 for the period ended September 30, 2020 as compared to Rs.1.98 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 1992.58 crs	₹ 1837.08 crs	8.46%
Net Profit	₹ 179.70 crs	₹ 198.54 crs	-9.49%
EPS	₹ 1.79	₹ 1.98	-9.6%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.3208.62 crores during the 6 months period ended September 30, 2020 as compared to Rs.3568.20 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.228.79 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.348.58 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.2.28 for the 6 months period ended September 30, 2020 as compared to Rs.3.47 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 3208.62 crs	₹ 3568.20 crs	-10.08%
Net Profit	₹ 228.79 crs	₹ 348.58 crs	-34.37%
EPS	₹ 2.28	₹3.47	-34.29%

Speaking about the performance, Mr. B.K. Goenka, Chairman, Welspun Group, said, "The strength and resilience of Welspun was fully visible in the quarter gone by as we have delivered strong profitability led by global recovery and easing of lockdown restrictions. We continue to invest in our brands across geographies and channels which we believe would be one of the key growth drivers in times to come.

Considering the changing industry landscape and digital disruption, our focus on e-commerce & transforming to digital culture continues. We are upgrading our systems, tools, processes, and up-skilling people while establishing 'Digital as the new norm' in our organization."

Shares of WELSPUN INDIA LTD. was last trading in BSE at Rs.73.9 as compared to the previous close of Rs. 74.4. The total number of shares traded during the day was 60754 in over 862 trades.

The stock hit an intraday high of Rs. 74.45 and intraday low of 72.5. The net turnover during the day was Rs. 4472209.

Source : Equity Bulls

Keywords