Welspun Enterprises Q4 Profit Drops 45% - Business News
May 21, 2024 15:06
Welspun Enterprises reported a 45.4% decline in consolidated profit for Q4 FY24, with income also falling. Shares tanked over 8% on BSE.
New Delhi, May 21 (PTI) Welspun Enterprises on Tuesday reported a 45.4 per cent decline in consolidated profit to Rs 77.67 crore for the quarter ended on March 31, 2024.
The company posted a consolidated profit of Rs 142.41 crore in the year-ago period.
The consolidated income dropped to Rs 866.70 crore in the January-March quarter from Rs 916.46 crore in the year-ago period, according to an exchange filing by the company.
Welspun Enterprises is an infrastructure developer with diversified portfolio of projects in infrastructure and energy sectors.
Shares of the company tanked more than 8 per cent to trade at Rs 363.65 per share on BSE in the pre-close session.
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