Welspun Q1FY24 net profit jumps 957% YoY at Rs 155 cr

02 Aug 2023 CW Team

The standalone net profit of Welspun India for the first quarter of the current financial year (Q1YFY24) saw a rise of 957.68 per cent to Rs 155.48 crore, compared to Rs 14.70 crore for the corresponding quarter of the previous year. Sequentially, the net profit was up 101.5 per cent. In Q4FY23, the net profit of the company was Rs 77.16 crore.

The revenue from operations for Q1FY24 came in at Rs 1,702.27 crore, compared to Rs 1,381.14 crore year-on-year (YoY). This is a rise of 23.25 per cent. On a quarter-on-quarter (QoQ) basis, the revenue for operations was up 24.6 per cent. It was Rs 1,365.78 crore in Q4FY23.

The total income for Q1FY24 came in at Rs 1,728.08 crore, compared to Rs 1,407.33 crore YoY. This is a rise of 22.79 per cent. On a QoQ basis, the total income was up 22.5 per cent. It was Rs 1,410.62 crore in Q4FY23.

The company's consolidated earnings before interest tax, depreciation and amortisation (Ebitda) saw a rise of 96.7 per cent to Rs 341.5 crore in Q1FY24, as compared to Rs 173.6 crore in the corresponding period of the previous year.

Equipment

12 Dec 2025

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..