Welspun Corp January-March Profit Doubles Despite Revenue Drop

Welspun Corp Ltd. reported a more than twofold year-on-year increase in January–March quarter net profit to ₹6.98 billion, despite revenue falling 12% to ₹39.25 billion. Sequentially, net profit rose 3.5%, and revenue grew 8.6%.

Other income declined to ₹419 million, while total expenditure dropped to ₹36.39 billion from ₹42.92 billion. Finance costs increased to ₹875 million.

The company recorded a one-time gain of ₹4.77 billion during the quarter. Tax outgo rose to ₹1.56 billion, up from ₹598 million a year ago.

For 2024–25, net profit surged 71.8% to ₹19.08 billion, even as revenue declined 19.4% to ₹139.78 billion. A final dividend of ₹5 per share has been declared.

The board also approved raising up to ₹5 billion via commercial papers or non-convertible debentures through private placement.