Welspun Enterprises Ltd News
Welspun Enterprises Q3 result: PAT dips 4% to Rs 77 cr, income up by 22%
Infrastructure developer Welspun Enterprises on Monday reported a 4 per cent fall in its consolidated profit after tax to Rs 77 crore in the December quarter. It had posted a profit after tax (PAT) of Rs 80 crore in the year-ago period, the company said in a statement. However, its total income rose 22 per cent to Rs 919 crore against Rs 754 crore a year ago. During the April-December period, the company's PAT rose 3 per cent to Rs 248 crore compared to Rs 242 crore in the nine-month period a year ago. In 9M FY25, the company achieved a revenue of Rs 2,563 crore, up 25 per cent year-on-year over Rs 2,051 crore. While EBITDA rose 14 per cent to Rs 523 crore during the nine-month period from Rs 460 crore a year ago. During the quarter, the company completed an acquisition of 9.99 per cent in Welspun Michigan Engineers Ltd, increasing its total stake to 60 per cent. "We have continued the momentum from the second quarter, and delivered the highest ever first 9 months consolidated r
 "Welspun Enterprises Q3 result: PAT dips 4% to Rs 77 cr, income up by 22%")
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")
