Welspun Enterprises saw its shares decline by 7% after reporting a 13% drop in consolidated net profit for the third quarter of the current financial year. As of 9:15 AM, the shares were trading 7.71% lower at Rs 555.05.
The company posted a net profit of ₹77.5 crore in the December quarter, down from ₹89.5 crore in the same period last year, according to an exchange filing on Monday.
Despite the decline in profit, revenue grew 23% year-on-year to ₹866.9 crore, compared to ₹706.7 crore in the previous year’s quarter. However, EBITDA saw a modest 1% increase to ₹128.2 crore from ₹126.3 crore, with margins narrowing to 14.8% from 17.9%, reflecting cost pressures and operational challenges.
Welspun Enterprises, part of Welspun World, is a key player in infrastructure development, focusing on water, wastewater, and transport projects. The company also holds investments in oil and gas exploration, contributing to its diversified portfolio.
Welspun Enterprises’ shares opened at ₹560.05, reaching a high of ₹570.45 and a low of ₹539.60. The stock’s 52-week high stands at ₹655.00, while the 52-week low is ₹281.55.
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