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09-May2017

Welspun Corp rises on reporting over five-fold jump in Q4 consolidated net profit

Welspun Corp is currently trading at Rs. 88.40, up by 0.85 points or 0.97% from its previous closing of Rs. 87.55 on the BSE.

The scrip opened at Rs. 90.20 and has touched a high and low of Rs. 90.80 and Rs. 87.95 respectively. So far 217731 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 107.60 on 12-May-2016 and a 52 week low of Rs. 56.00 on 09-Nov-2016.

Last one week high and low of the scrip stood at Rs. 91.30 and Rs. 81.10 respectively. The current market cap of the company is Rs. 2343.27 crore.

The promoters holding in the company stood at 45.99%, while Institutions and Non-Institutions held 14.69% and 39.32% respectively.

Welspun Corp has reported a net profit of Rs 152.84 crore for the quarter ended March 31, 2017 as compared to a net loss of Rs 28.20 crore for the same quarter in the previous year. Total income of the company reported over 2-fold jump at Rs 1818.53 crore for quarter under review as compared to Rs 884.10 crore for the quarter ended March 31, 2016.

On consolidated basis, the company has reported over five-fold jump in its net profit at Rs 68.59 crore for the quarter ended March 31, 2017 as compared to Rs 13.06 crore for the same quarter in the previous year. Total income of the company increased by 9.94% at Rs 2172.49 crore for quarter under review as compared to Rs 1976.05 crore for the same quarter ended previous year. 

For the year ended March 31, 2017, the company has posted a net profit of Rs 174.59 crore as compared to a net loss of Rs 123.16 crore in FY16. Total income from operations of the company increased by 16.67% at Rs 4695.62 crore for year under review as compared to Rs 4024.60 crore for the year ended March 31, 2016.

For the year ended March 31, 2017, on the consolidated basis, the company has posted a fall of 94.35% in its net profit at Rs 10.12 crore as compared to Rs 179.27 crore in the previous year. Total income from operations of the company decreased by 16.46% at Rs 6260.07 crore for year under review as compared to Rs 7493.23 crore for the year ended March 31, 2016.


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