Welspun Enterprises Q1 PAT jumps over 28% yoy to Rs25.66cr, revenue nearly doubles

The company's total income was at Rs413.37cr in the quarter under review, nearly doubled from Rs221.83cr in the corresponding period of the previous year.

Jul 30, 2021 08:07 IST India Infoline News Service

Welspun Enterprises has garnered a consolidated net profit of Rs25.66cr in the quarter ending June 2021 (Q1FY22) period increasing by 28.36% from Rs19.99cr a year ago same period.

The company's total income was at Rs413.37cr in the quarter under review, nearly doubled from Rs221.83cr in the corresponding period of the previous year.

B.K. Goenka, Chairman, Welspun Group, said, “We started the year with the second wave of COVID disrupting the business. However with the easing of lockdown and on the strength of the order book and focus on execution, the Company’s performance in the latter part of the quarter has improved, and we expect the momentum to continue.”

The company's total current EPC Order Book at Rs 8,102 crore (Rs 5,561 crore in Road and Rs 2,541 crore in Water segment). Further, it has recorded a whopping 97.7% yoy growth in turnover.

On Friday, Welspun Enterprises stock will be in focus after its Q1 results.

On the previous day, on Sensex, Welspun finished at Rs107.80 per piece up 0.6%. 

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