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Welspun Corp
Homex textiles major Welspun Living Ltd on Wednesday reported a 93 per cent decline in consolidated net profit at Rs 14.86 crore in the second quarter ended September 30, with exports hit by global tariff war. The company had posted a consolidated net profit of Rs 202.4 crore in the same quarter last fiscal, Welspun Living Ltd said in a regulatory filing. Consolidated revenue from operations in the second quarter stood at Rs 2,440.91 crore as against Rs 2,873.09 crore in the corresponding period last fiscal, it added. Textile business revenue was at Rs 2,322 crore, down 14.4 per cent, while flooring segment revenue at Rs 181 crore, a drop of 27.4 per cent. Total expenses in the quarter under review stood at Rs 2,431.84 crore as compared to Rs 2,655.87 crore in the year-ago period, the company said. Commenting on the performance, Welspun Group Chairman, BK Goenka said,"The global tariff situation continues to weigh on export performance, but we remain confident this is a passing ..
Welspun Corp on Thursday posted a 57 per cent rise in consolidated net profit to Rs 443.51 crore in the September quarter, driven by a rise in revenues from the core steel products business. It had clocked a net profit of Rs 282.96 crore in the July-September period of the preceding 2024-25 financial year, the company said in a regulatory filing. Total income increased to Rs 4,408.66 crore in the September quarter from Rs 3,364.23 crore in the year-ago period. Total expenses stood at Rs 3,916.09 crore, higher from Rs 3,074.90 crore in Q2 FY25. The board of the company also approved the incorporation of two wholly-owned subsidiaries in the United Arab Emirates (UAE). One of the proposed companies will be incorporated at the Dubai International Financial Centre. It will act as an investment holding company to oversee the investments globally. Another entity will be incorporated at the Free Trade Zone in the UAE to handle global marketing for all products and carry out the business
Welspun Corp on Thursday said its US-based subsidiary has bagged two new orders for the supply of coated pipes for Natural Gas and NGL Pipeline Projects in the USA valued at around USD 715 million. In a regulatory filing, Welspun Corp said, "With this, our US facility now has a clear business visibility and continuity till FY28". The company's consolidated order book stood at a record high of Rs 23,500 crore. The company is witnessing a significant energy demand for Data Centres powering AI in the USA, creating additional opportunities for Line Pipe applications. "These wins position us as a reliable partner in these value chains," it said. Homegrown Welspun Corp is the flagship company of Welspun World, with a diverse business portfolio in pipe solutions and building materials. Welspun Corp is among the top three manufacturers of large-diameter pipes globally and has established a global footprint across six continents and 50+ countries by delivering key customised solutions for
Welspun Corp Ltd (WCL) has posted over 143 per cent growth in consolidated net profit to Rs 699.19 crore in the March quarter, aided by a reduction in expenses. It had posted a net profit of Rs 287.28 crore in the January-March period of the preceding financial year, the company said in an exchange filing. However, WCL saw its income declining to Rs 3,966.86 crore in the fourth quarter of FY25, from Rs 4,543.70 crore in the same period a year ago. During the quarter under review, the company brought down its expenses to Rs 3,639.32 crore from Rs 4,292.37 crore in Q4 FY24. On a quarter-on-quarter basis, the net profit was around over 4 per cent higher compared to Rs 672.19 crore net profit earned in October-December FY25. In FY25, the net profit was down at Rs 1,902.28 crore, as against Rs 1,136.00 crore in FY24. The board of the company also recommended a final dividend of Rs 5 per equity share of face value of Rs 5 each for FY25, as per the stock exchange filing on Wednesday ...
Welspun Corp Ltd (WCL) on Monday said it has secured new orders worth Rs 2,400 crore for the supply of coated pipes in the US market. With these additions, the company's consolidated order book now stands at around Rs 20,000 crore, WCL said in a statement. WCL has secured new orders worth approximately Rs 2,400 crore for the supply of coated pipes for natural gas pipeline projects in the USA, it said. The execution of these orders is scheduled to take place largely in FY26 and FY27. "These orders further reinforce Welspun Corp's leading position in the USA, where it has been a prominent supplier of critical energy infrastructure. The company's ability to meet stringent quality requirements, deliver on time, and maintain high operational efficiency has helped secure these contracts," the company said. Homegrown WCL is the flagship company of Welspun World, with a diverse business portfolio in pipe solutions and building materials. WCL is among the top three manufacturers of ...
Home textiles major Welspun Living Ltd is looking to expand its manufacturing footprint in the US with an eye on being closer to customers of its largest market, according to Managing Director and CEO Dipali Goenka. Despite US President Donald Trump's tariff threats, the company is optimistic that even if it were to be imposed it will come in a very mutual manner considering India's global standing, but Welspun Living is preparing to thrive in uncertain times, which it has been doing since the COVID-19 pandemic days, Goenka told PTI in an interview here. "We are in conversation to set up a utility bedding plant at Ohio, where we now have the pillow plant," she said when asked about the company's manufacturing footprint expansion plans in the US. She did not elaborate on the planned investment for the bedding plant at Ohio saying talks are still on. The company has invested USD 12.5 million on the pillow unit in Ohio, which is a fully automated unit. Goenka further said, "We will s
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.