Welspun Corp shares climbed over 3% in morning trade following the release of its Q4 results, which showcased a notable improvement in profitability despite a decline in revenue. As of 9:24 AM, the shares were trading 1.46% higter at Rs 825.50.
The company reported a consolidated net profit of ₹698 crore for the quarter, significantly up from ₹269 crore in the same period last year.
While revenue dipped 12% year-on-year to ₹3,925 crore from ₹4,461 crore, operational efficiency played a key role in boosting earnings. The EBITDA for the quarter rose sharply by 39.4% to ₹460 crore compared to ₹330 crore in the corresponding quarter last year. This translated into an improved EBITDA margin of 11.7%, up from 7.4% a year ago.
Welspun Corp shares opened at ₹833.00 today, reaching a high of ₹862.50 and a low of ₹825.00. The stock remains strong, nearing its 52-week high of ₹900.00, significantly up from its 52-week low of ₹440.15.
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