Welspun India Ltd posts consolidated net profit of Rs. 130.11 crore in Q4FY21

WELSPUN INDIA LTD. has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.2173.56 crores during the period ended March 31, 2021 as compared to Rs.2049.71 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.130.11 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.180.77 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.1.30 for the period ended March 31, 2021 as compared to Rs.1.80 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 2173.56 crs	₹ 2049.71 crs	6.04%
Net Profit	₹ 130.11 crs	₹ 180.77 crs	-28.02%
EPS	₹ 1.30	₹ 1.80	-27.78%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.2173.56 crores during the period ended March 31, 2021 as compared to Rs.1664.46 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.130.11 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.85.60 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.1.30 for the period ended March 31, 2021 as compared to Rs.0.85 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 2173.56 crs	₹ 1664.46 crs	30.59%
Net Profit	₹ 130.11 crs	₹ 85.60 crs	52%
EPS	₹ 1.30	₹ 0.85	52.94%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.7407.96 crores during the 12 months period ended March 31, 2021 as compared to Rs.6836.18 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.539.67 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.507.37 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.5.37 for the 12 months period ended March 31, 2021 as compared to Rs.5.05 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 7407.96 crs	₹ 6836.18 crs	8.36%
Net Profit	₹ 539.67 crs	₹ 507.37 crs	6.37%
EPS	₹ 5.37	₹5.05	6.34%

Speaking about the performance, Mr. B.K. Goenka, Chairman, Welspun Group, said, "FY21 was a milestone year for us as we delivered solid all-round performance. Our relentless efforts and investments to create vertically integrated facilities including workers colony, warehouses, ancillary park and investment in product development has helped the company withstood the disruptions across the supply chain. Welspun family worked harder than ever before & our efforts are being recognized by our clients & stake holders. I am thankful to all our colleagues for rising to this challenge and ensuring business continuity.

We have already made significant progress on sustainability even in the year of pandemic. The company's newly formed Board ESG-committee will continue to oversee the ESG activities progress and provide appropriate directions. We have refined our mid and long term goals to further strengthen an ambitious ESG strategy. With Welspun's Penta Protocols™ and contact tracing app WelHeal, we are ensuring complete safety & wellbeing of our employees and adopting social distancing norms."

The Company remains committed in its long-term aspiration of delivering sustainable and profitable volume led growth, building on strong brand equity and accelerated focus on emerging businesses.

Shares of WELSPUN INDIA LTD. was last trading in BSE at Rs.91.2 as compared to the previous close of Rs. 93.65. The total number of shares traded during the day was 287160 in over 3681 trades.

The stock hit an intraday high of Rs. 95.9 and intraday low of 88.7. The net turnover during the day was Rs. 26502274.

Source : Equity Bulls

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