Homes textiles major Welspun Living Ltd on Thursday reported a 31.4 per cent decline in consolidated net profit to Rs 122.87 crore for the third quarter ended December 31, 2024 impacted by higher expenses. The company had posted a profit of Rs 179.05 crore in the corresponding quarter last fiscal, Welspun Living Ltd (WLL) said in a regulatory filing. The revenue from operations in the quarter under review stood at Rs 2,489.61 crore as against Rs 2,410.87 crore in the year-ago period, it added. Total expenses in the third quarter were higher at Rs 2,369.72 crore as compared to Rs 2.214.29 crore in the same period a year ago, the company said, adding it had also incurred an exchange loss of Rs 8.01 crore in the third quarter. During the quarter home textiles segment revenue was higher at Rs 2,281.79 crore as compared to Rs 2,251.41 crore in the corresponding period a year ago. Flooring business clocked revenue of Rs 215.73 crore as compared to Rs 246.3 crore in the same quarter las
Home textiles major Welspun Living Ltd on Monday reported a marginal increase in consolidated net profit at Rs 202.4 crore in the second quarter ended September 30, 2024. The company had posted a consolidated net profit of Rs 200.41 crore in the corresponding quarter last fiscal, Welspun Living Ltd said in a regulatory filing. Consolidated revenue from operations stood at Rs 2,873.09 crore, as against Rs 2,509.08 crore in the year-ago quarter, it added. Total expenses in the second quarter were higher at Rs 2,655.87 crore, as compared to Rs 2,283.42 crore in the same quarter a year ago, the company said. Welspun Group Chairman BK Goenka said Welspun Living posted its highest-ever consolidated quarterly revenues in Q2FY25, growing by 15.5 per cent amid relatively adverse global conditions owing to Red Sea challenges. "Emerging businesses of global brands, domestic consumer, advanced textile and flooring are continuing to flourish from strength to strength and grew 22 per cent in ..
Promoters were the likely sellers of a 4.6 per cent stake in Welspun Living, according to reports