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Welspun Corp Ltd Q1FY22 consolidated net profit at Rs. 97.47 crores
Posted On : 2021-07-30 10:26:04( TIMEZONE : IST )
Welspun Corp Limited has reported financial results for the period ended June 30, 2021.
Financial Results (Q1 FY 2021-22) - QoQ Comparison
The company has reported total income of Rs.1336.49 crores during the period ended June 30, 2021 as compared to Rs.1909.86 crores during the period ended March 31, 2021.
The company has posted net profit / (loss) of Rs.97.47 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.218.72 crores for the period ended March 31, 2021.
The company has reported EPS of Rs.3.73 for the period ended June 30, 2021 as compared to Rs.8.36 for the period ended March 31, 2021.
| Financials | Q1 FY2021-22 | Q4 FY20-21 | % Change |
| Total Income | ₹ 1336.49 crs | ₹ 1909.86 crs |  -30.02% |
| Net Profit | ₹ 97.47 crs | ₹ 218.72 crs | -55.44% |
| EPS | ₹ 3.73 | ₹ 8.36 | -55.38% |
Financial Results (Q1 FY 2021-22) - YoY Comparison
The company has reported total income of Rs.1336.49 crores during the period ended June 30, 2021 as compared to Rs.2085.42 crores during the period ended June 30, 2020.
The company has posted net profit / (loss) of Rs.97.47 crores for the period ended June 30, 2021 as against net profit / (loss) of Rs.51.89 crores for the period ended June 30, 2020.
The company has reported EPS of Rs.3.73 for the period ended June 30, 2021 as compared to Rs.1.98 for the period ended June 30, 2020.
| Financials | Q1 FY2021-22 | Q1 FY2020-21 | % Change |
| Total Income | ₹ 1336.49 crs | ₹ 2085.42 crs | -35.91% |
| Net Profit | ₹ 97.47 crs | ₹ 51.89 crs |  87.84% |
| EPS | ₹ 3.73 | ₹ 1.98 | 88.38% |
Commenting on the results, Mr. B. K. Goenka, Chairman, Welspun Group said, "Our performance has been stable despite the second wave of the COVID-19 pandemic. We continue to keep our employees, suppliers and customers health and safety as our highest priority. Demand is expected to recover supported by the Government's thrust on creating Water Supply and Gas Pipeline infrastructure. We have built a solid foundation with our strong cash reserves, ESG initiatives and business diversification plans, and are confident about our future growth prospects."
Shares of Welspun Corp Limited was last trading in BSE at Rs. 142.8 as compared to the previous close of Rs. 147.8. The total number of shares traded during the day was 293202 in over 4375 trades.
The stock hit an intraday high of Rs. 151.75 and intraday low of 142.15. The net turnover during the day was Rs. 42942169.
