Welspun India's Q1 FY24 consolidated PAT higher at Rs. 161.60 crores

Welspun India Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 2214.86 crores during the period ended June 30, 2023 as compared to Rs. 2195.47 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 161.60 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 125.39 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 1.66 for the period ended June 30, 2023 as compared to Rs. 1.28 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 2214.86 crs	₹2195.47 crs	0.88%
Net Profit	₹ 161.60 crs	₹125.39 crs	28.88%
EPS	₹1.66	₹1.28	29.69%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 2214.86 crores during the period ended June 30, 2023 as compared to Rs.1978.99 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs. 161.60 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.22.39 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.1.66 for the period ended June 30, 2023 as compared to Rs.0.23 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 2214.86 crs	₹1978.99 crs	11.92%
Net Profit	₹ 161.60 crs	₹22.39 crs	621.75%
EPS	₹1.66	₹0.23	621.74%

Shares of Welspun India Limited was last trading in BSE at Rs. 109.71 as compared to the previous close of Rs. 100.31. The total number of shares traded during the day was 2094514 in over 14027 trades.

The stock hit an intraday high of Rs. 114.95 and intraday low of 100.06. The net turnover during the day was Rs. 227949956.00.

Source : Equity Bulls

Keywords

WelspunIndia Q1FY24 ResultUpdate