Welspun Corp shares plummeted over 8% following weak Q4 results. The company expects a revenue of ₹17,000 crore for the new financial year, which is 3.3% lower than the previous year.
Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) is also anticipated to decline to ₹1,700 crore.
Although the Return on Capital Employed (RoCE) is projected to remain at 20% for the fiscal year 2025, the EBITDA margin for the March quarter fell to 7.4%, a drop from the 10.3% reported last year.
Despite a seeming 20% growth in net profit, attributed to lower finance costs and higher other income, the company’s order book for its Line Pipes, DI Pipes, and SS Bar & Pipes businesses stood at ₹6,100 crore, ₹2,741 crore, and ₹215 crore respectively at the end of FY2024.
As of 10:38 am, the shares were trading 8.05% lower at ₹553.10 on the NSE.
