Q3FY17 Results: Welspun
Bhagyashree Vivarekar / 10 Feb 2017
The company reported negative PAT of Rs -13.05 crore, which represents a sequential QoQ decline of 62.55 per cent and a YoY decline of 117.06 per cent.
Welspun Corp. Ltd. reported its results for the quarter ended December 31, 2016.
The company reported total sales of Rs 1202.84 crore for Q3FY17, which represents a 0.33 per cent sequential decline and 28.15 per cent YoY decline.
Its operating profit (EBIT) for the quarter was Rs 39.48 crores and its EBIT margin was 3.28 per cent.
The company reported negative PAT of Rs -13.05 crore, which represents a sequential QoQ decline of 62.55 per cent and a YoY decline of 117.06 per cent.
The company's stock opened at Rs 88.5 on the BSE and fell 3.4 per cent after the results were declared. It is currently trading around Rs 85.5.
Welspun Corp Ltd., the flagship company of Welspun Group, is engaged in the business of manufacture of large diameter line pipe. The company's segment includes infrastructure, oil & gas and energy business and development.
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