Welspun Corp reported a mixed performance for the third quarter, with profitability under pressure even as topline and operating metrics showed solid growth.
The company’s consolidated net profit declined 32.8% year-on-year to ₹453 crore, compared with ₹674 crore in the corresponding quarter last year. The dip in profit came despite a strong operating showing, reflecting higher costs and other margin-impacting factors during the period.
Revenue for the quarter rose sharply by 25.4% YoY to ₹4,532 crore, up from ₹3,613 crore in Q3 of the previous financial year. The growth was supported by healthy execution in core businesses and improved order inflows, indicating sustained demand across key markets.
Operating performance remained robust, with EBITDA increasing 42% YoY to ₹616.5 crore, compared with ₹434 crore in the year-ago quarter. The improvement in operating earnings also led to a better EBITDA margin, which expanded to 13.60% from 12% YoY, highlighting better operational efficiency and cost control at the core level.
