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

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

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.

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.

Next Story
Resources

RentenPe and Mygate Partner to Transform Rent Payments in India

Through a strategic partnership, RentenPe and Mygate aim to streamline rent payments and promote financial inclusion by enabling rent-based credit scores for Indian renters. RentenPe, India’s first Rent Credit Score™ platform and a pioneer in rental fintech innovation, has entered a significant alliance with Mygate, the leading community management app in the country. This partnership will transform rent transactions for millions of Indian households by embedding RentenPe’s payment and rent credit scoring technology directly within the Mygate app. With this integration, all ren..

Next Story
Real Estate

Supreme Unveils New Brand Identity to Elevate Lifestyle

Supreme, a respected name in Indian real estate with a four-decade legacy, has announced a complete rebranding. The move includes the launch of a new logo and a revamped website, both reflecting the group’s refreshed vision to ‘Elevate Lifestyle’. This brand transformation represents more than a visual refresh—it marks a strategic shift in the company’s mission, visual identity and market positioning. The update will be visible across all of Supreme’s digital, social and offline communication platforms. At the core of the initiative is a renewed focus on purposeful design..

Next Story
Infrastructure Urban

Capri Loans Launches #TarrakiKeHaath Campaign Honouring India’s Everyday Heroes

Capri Global Capital Ltd (Capri Loans), a leading non-banking financial company, has unveiled its latest brand campaign, #TarrakiKeHaath, a powerful tribute to the everyday hands that build India — from kirana store owners and taxi drivers to dhaba workers, tailors, and carpenters. Narrated by Capri Loans’ long-standing brand ambassador and acclaimed actor Pankaj Tripathi, the campaign celebrates the dignity, resilience, and aspirations of self-employed individuals and small business owners who form the backbone of Bharat’s economy. Conceptualized by Rediffusion Brand Solutions, the..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?