Page 3 - Welspun India

Welspun India Q1 net falls 65% to Rs 53.75 crore on lower income

Textile firm Welspun Indiaon Friday reported a 65.56 per cent decline in consolidated net profit to Rs 53.75 crore for the quarter ended June on account of lower income

Welspun India posts Q4 net profit of Rs 91 cr, total income at Rs 1,664 cr

Total income during the quarter under review stood at Rs 1,664.46 crore as against Rs 1,600.94 crore in the corresponding quarter a year ago

Welspun India forays into health, hygiene segment amid Covid-19 outbreak

The company said it is also in advanced stage of offering customisation and branding options to large and discerning buyers

Covid-19: Welspun to use textile capacity to make disinfectant wipes, masks

The firm plans to build a pipeline of a few hundred thousand masks and wipes in the coming weeks for all on-ground workers and their families attending to essential services

Welspun India's Q2 consolidated net profit up by over 21% to Rs 1.21 bn

The company's Q2 revenue from operations increased to Rs 17.79 billion from Rs 16.06 billion earned in the second quarter of previous fiscal

Welspun India's promoter sells 5% stake in textile worth Rs 3.5 billion

The shares were disposed of at an average price of Rs 72.71 apiece

Welspun opens Rs150-cr facility

The initial capacity of the manufacturing unit will be 2,400 tonnes per annum

Welspun India to invest $3 mn on promotion of Egyptian cotton

Deal would allow use of the Egyptian cotton logo on the packet of Welspun products for five years

Welspun India forays into flooring solutions with Rs 600-cr carpet plant

The facility in Anjar, Gujarat will manufacture carpets, area rugs and carpet tiles.

Welspun India shares extend fall, dip over 4% on Q2 net loss

Welspun India on Tuesday reported a consolidated net loss of Rs 147.52 crore

Welspun sued over Egyptian towels, sheets

Firm faces two class action suits, minimum of $5 million each

Welspun India records sharpest weekly fall; stock tanks 52%

The stock closed at its fresh 52-week low of Rs 49.40 on Friday, falling 52% from Rs 103.20 on August 19, 2016, wiping out Rs 5,406 crore from its market valuation.

Welspun India hires EY to probe US export lapses

It is alleged that the company, which uses Egyptian cotton, substituted another type of non-Egyptian cotton to make products

Welspun India recovers 7% after losing 47% in four days

On NSE, shares of the company went up by 6.75 per cent to Rs 57.70

Rumours of whistleblower float at Welspun's Anjar plant

In the past four days, the company has lost over Rs 4,800 crore in market cap on the BSE from Rs 10,335 crore on August 21 to Rs 5,465 crore on August 25

Welspun continues losing run; Rs 4,867-cr investor wealth lost

Stock plunged 8.26 per cent to settle at Rs 54.40 on the BSE

Welspun India turns volatile; stock dips 8%

The stock dropped 8% after rising over 5% in intra-day trade

Welspun India extends losses; tanks over 40% in three days

The stock is currently trading at Rs 59.30, its fresh 52-week low, falling 42% in past three days from Rs 102.85 on BSE.

Welspun India causes more damage than it appears

Welspun has lost a marquee client which contributed around 10% to its top line

Welspun India extends losses to hit 52-week low

The stock was locked in lower circuit for the second straight day, down 20% at Rs 65.85, also its 52-week low on the BSE.