Welspun India Ltd posts Rs. 180.77 crore consolidated PAT in Q3FY21

WELSPUN INDIA LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.2049.71 crores during the period ended December 31, 2020 as compared to Rs.1992.58 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.180.77 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.179.70 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.1.80 for the period ended December 31, 2020 as compared to Rs.1.79 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 2049.71 crs	₹ 1992.58 crs	2.87%
Net Profit	₹ 180.77 crs	₹ 179.70 crs	0.6%
EPS	₹ 1.80	₹ 1.79	0.56%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.2049.71 crores during the period ended December 31, 2020 as compared to Rs.1604.92 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.180.77 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.73.19 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.1.80 for the period ended December 31, 2020 as compared to Rs.0.73 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 2049.71 crs	₹ 1604.92 crs	27.71%
Net Profit	₹ 180.77 crs	₹ 73.19 crs	146.99%
EPS	₹ 1.80	₹ 0.73	146.58%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.5251.11 crores during the 9 months period ended December 31, 2020 as compared to Rs.5172.05 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.409.56 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.421.77 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.4.08 for the 9 months period ended December 31, 2020 as compared to Rs.4.20 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 5251.11 crs	₹ 5172.05 crs	1.53%
Net Profit	₹ 409.56 crs	₹ 421.77 crs	-2.89%
EPS	₹ 4.08	₹4.20	-2.86%

Speaking about the performance, Mr. B.K. Goenka, Chairman, Welspun Group, said, "I am pleased with the all-round performance during the quarter. In tough times, the Welspun family has been at the forefront converting challenges into opportunities and 2020 was no different. We worked harder than ever before & our efforts are being recognized by clients & other stake holders.

Over the past few years we have made significant investments in the areas of sustainability, circularity, "SPUN" including amongst others, and going forward we are bringing all such initiatives under overarching framework of ESG. We have achieved high rating for ESG by one of the leading global rating agencies and the Board is committed to accelerate this process to take it to the next level.

We continue to pursue our differentiation strategy through branding and innovation, coupled with the thrust on digitalization and E-commerce initiatives. We are well poised to meet the increasing demand emanating from the structural shift in the global home textile industry."

Shares of WELSPUN INDIA LTD. was last trading in BSE at Rs.66.75 as compared to the previous close of Rs. 67.55. The total number of shares traded during the day was 17728 in over 189 trades.

The stock hit an intraday high of Rs. 68.7 and intraday low of 66.2. The net turnover during the day was Rs. 1188301.

Source : Equity Bulls

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