वेलस्पन कॉर्प के दूसरी तिमाही के नतीजे: शुद्ध लाभ में 26% की गिरावट, राजस्व में 18.6% की गिरावट।

वेलस्पन कॉर्प के दूसरी तिमाही के नतीजे: शुद्ध लाभ में 26% की गिरावट, राजस्व में 18.6% की गिरावट।

Welspun Corp Q2 Results: Net profit declines 26%, revenue plunges 18.6%.

Welspun Corp reported its Q2 FY25 results with a net profit of ₹287 crore, marking a 26.3% decline year-on-year.

  • Business
  • 176
  • 08, Nov, 2024
Jyoti Ahlawat
Jyoti Ahlawat
  • @JyotiAhlawat

Welspun Corp Q2 Results: Net profit declines 26%, revenue plunges 18.6%.

Welspun Corp, a homegrown leader in the steel, sponge iron, and pig iron sectors, reported its results for the second quarter of fiscal year 2025 on Friday. The company posted a net profit of ₹287 crore for the quarter, reflecting a 26.3% decline compared to ₹386.57 crore in the same period last year.

For the three months ending September 30, Welspun's consolidated revenue stood at ₹3,364 crore, marking an 18.6% decrease from ₹4,059.45 crore a year ago. On the profitability front, the company achieved an EBITDA of ₹462 crore, with an EBITDA margin of 14%. Its net debt-to-EBITDA ratio remains strong at 0.30x, underscoring its solid financial position.

In terms of operational performance, Welspun saw robust growth in its key product segments. Line pipe sales totaled 206 KMT for Q2, DI pipes reached 65 KMT, SS bars hit 3.9 KMT, SS pipes reached 1.3 KMT, and TMT sales amounted to 41 KMT. For the first half of FY25, sales grew substantially across these categories: line pipes to 371 KMT, DI pipes to 129 KMT, SS bars to 8.7 KMT, SS pipes to 2.4 KMT, and TMT sales to 98 KMT.

The company's order book remains strong, valued at approximately ₹12,573 crore. This includes 704 KMT of line pipes worth ₹9,500 crore, 356 KMT of DI pipes valued at ₹2,914 crore, and 5,800 MT of SS bars and pipes worth ₹259 crore. This solid order book positions Welspun Corp for continued growth and steady revenue generation in the future.

However, Welspun's shares ended 3% lower at ₹775 on Friday, with the stock down 6.8% for the week.

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Jyoti Ahlawat

Jyoti Ahlawat

  • @JyotiAhlawat