Welspun Enterprises Ltd News
Welspun Enterprises Q2FY25 results: Net profit falls 11% to Rs 61.56 crore
Welspun Enterprises has reported around 11 per cent fall in consolidated net profit at Rs 61.56 crore for September quarter FY25 on account of higher expenses. It had logged Rs 69.01 crore net profit in the July-September period of FY24, the company said in an exchange filing. Total income rose to Rs 837.92 crore from Rs 692.65 crore in the year-ago period. Expenses surged to Rs 736.33 crore from Rs 595.61 crore a year ago. In a separate statement, the company said its consolidated order book stood at Rs 15,200 crore at the end of September 2024. The board has also approved acquisition of an additional 9.99 per cent stake of Welspun Michigan from Patel Engineering for around Rs 100 crore. After completion of the acquisition, Welspun Enterprises' total stake in subsidiary Welspun Michigan will increase to 60.09 per cent from 50.10 per cent. The transaction is expected to be completed on or before November 7, 2024. Welspun Michigan is an engineering and construction company, involv
 "Welspun Enterprises Q2FY25 results: Net profit falls 11% to Rs 61.56 crore")
Welspun Ent gains 4% on securing order worth Rs 1,989 cr from BMC in Mumbai
Welspun Enterprises received an order from BMC worth Rs 1,989.4 crore to design and construct a Tertiary Treated Water Conveyance Tunnel from Dharavi to Ghatkopar
 "Welspun Ent gains 4% on securing order worth Rs 1,989 cr from BMC in Mumbai")
Welspun Ent board to meet on Sept 5 to mull fundraising plans; stock up 4%
The share of Welspun Enterprises soared after the company announced that its Board is scheduled to meet on September 5 to consider and approve the proposal of raising of funds.
 "Welspun Ent board to meet on Sept 5 to mull fundraising plans; stock up 4%")
Welspun Enterprises Q1 results: Net profit up by 18% to Rs 109.73 cr
Welspun Enterprises on Thursday said it has reported an 18.2 per rise in consolidated profit to Rs 109.73 crore for the quarter ended June 2024. The company had posted a consolidated profit of Rs 92.80 crore in the year-ago period, according to a regulatory filing. The total income of the company in the April-June period increased to Rs 959.76 crore, over Rs 750.04 crore in the year-ago period. Welspun Enterprises Ltd is one of the country's leading infrastructure developers with a diversified portfolio of projects in the infrastructure and energy sectors.
 "Welspun Enterprises Q1 results: Net profit up by 18% to Rs 109.73 cr")
