Welspun Corp Q3 Profit Surges to Rs 672 Cr
Welspun Corp's net profit more than doubled to Rs 672.19 crore in the December quarter, driven by lower expenses. Total income declined but the company reduced its expenses.
New Delhi, Feb 5 (PTI) Welspun Corp Ltd on Wednesday reported an over two-fold rise in its consolidated net profit to Rs 672.19 crore in December quarter, aided by lower expenses.
It had reported a net profit of Rs 293.70 crore for the October-December period of preceding 2023-24 fiscal, the company said in an exchange filing.
The company's total income however trimmed to Rs 3,656.57 crore in the quarter under review from Rs 4,758.17 crore in the same period a year ago.
Welspun Corp reduced its expenses to Rs 3,351.36 from Rs 4,438.79 crore year on year.
Welspun Corp is one of the largest manufacturers of large-diameter pipes globally and has established a global footprint across six continents and 50 countries.
It had reported a net profit of Rs 293.70 crore for the October-December period of preceding 2023-24 fiscal, the company said in an exchange filing.
The company's total income however trimmed to Rs 3,656.57 crore in the quarter under review from Rs 4,758.17 crore in the same period a year ago.
Welspun Corp reduced its expenses to Rs 3,351.36 from Rs 4,438.79 crore year on year.
Welspun Corp is one of the largest manufacturers of large-diameter pipes globally and has established a global footprint across six continents and 50 countries.
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