Welspun Corp Q1FY18 Result: Net Profit declines 25.38 per cent QoQ
DSIJ Intelligence / 04 Aug 2017
Welspun Corp reported its results for the quarter ended June 30, 2017, today. Total sales for this quarter, Q1FY18, came in at Rs. 1544.26 crore. This represents a 21.16 per cent sequential decline and 2.2 per cent YoY increase.
Welspun Corp reported its results for the quarter ended June 30, 2017, today.
Total sales for this quarter, Q1FY18, came in at Rs. 1544.26 crore. This represents a 21.16 per cent sequential decline and 2.2 per cent YoY increase.
Operating profit (EBIT) for the recently concluded quarter amounted to Rs. 36.57 crore and the EBIT margin stood at 2.37 per cent.
It reported PAT of Rs. 51.18 crore which represents a sequential QoQ decline of 25.38 per cent and a YoY decline of 584.2 per cent.
The company's stock opened at Rs. 127 on the BSE and recorded intra-day high and low of Rs. 137.40 and Rs. 125.10, respectively.
Welspun Corp Limited manufactures and sells steel pipes, plates, and coils in India and internationally. It offers submerged arc welded pipes, hot rolled steel plates and coils.
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