Welspun Corp shares came under pressure on the bourses, falling more than 2% after the company announced its Q2 results, as investors reacted to a sharp year-on-year decline in net profit despite strong topline and operating performance.
The company reported a consolidated net profit of ₹453 crore for the quarter, marking a 32.8% decline compared to ₹674 crore in the same period last year.
Revenue for the quarter rose 25.4% year-on-year to ₹4,532 crore, up from ₹3,613 crore in the corresponding quarter of the previous financial year.
Operating performance remained robust, with EBITDA increasing 42% year-on-year to ₹616.5 crore, compared to ₹434 crore in Q2 last year. EBITDA margin also expanded to 13.60%, improving from 12% on a year-on-year basis, reflecting better operating efficiencies and cost management.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
