Welspun Corp · NSE: WELCORP · BSE: 532144

Q2 FY24 results · Jul–Sep 2023

Welspun Corp reported revenue from operations of ₹4,059.45 crore (up 106.7% from Q2 FY23) and net profit of ₹386.57 crore for Q2 FY24 (Jul–Sep 2023), on a consolidated basis.

Consolidated · ₹ crore
Item	Q2 FY24	Q2 FY23	YoY	Q1 FY24	QoQ
Revenue from operations	4,059.45	1,963.81	+106.7%	4,069.27	−0.2%
Other income	101.96	177.05	−42.4%	49.51	+105.9%
Total income	4,161.41	2,140.86	+94.4%	4,118.78	+1.0%
Profit before share of associates & JVs and tax	340.82	(58.12)	Turned profit	240.11	+41.9%
Share of profit/(loss) of associates & JVs	124.71	0.00		(11.95)
Net profit for the period	386.57	(63.18)	Turned profit	168.45	+129.5%
Attributable to shareholders of the company	384.67	(56.59)	Turned profit	165.39	+132.6%
EPS, basic (₹)	14.71	(2.16)	Turned profit	6.32	+132.8%
Net margin (%)	9.5	-3.2		4.1

This company reports a share of profit/(loss) from associates and joint ventures. BSE’s filing format records that share after tax, so it is shown on its own line. The company’s own statement may add it before its “profit before tax” line.

Standalone · ₹ crore
Item	Q2 FY24	Q2 FY23	YoY	Q1 FY24	QoQ
Revenue from operations	1,778.34	1,533.80	+15.9%	1,636.42	+8.7%
Other income	241.53	180.61	+33.7%	52.15	+363.1%
Total income	2,019.87	1,714.41	+17.8%	1,688.57	+19.6%
Profit before tax	220.11	195.92	+12.3%	156.95	+40.2%
Net profit for the period	178.45	145.73	+22.5%	117.66	+51.7%
EPS, basic (₹)	6.82	5.57	+22.4%	4.50	+51.6%
Net margin (%)	10.0	9.5		7.2

Consolidated

Filed with BSE: 10 Nov 2023, 16:01 IST
Board meeting: 08 Nov 2023
Period: 01 Jul 2023 to 30 Sep 2023
Review status: Unaudited
Source: XBRL filing on BSE

Standalone

Filed with BSE: 10 Nov 2023, 16:01 IST
Board meeting: 08 Nov 2023
Period: 01 Jul 2023 to 30 Sep 2023
Review status: Unaudited
Source: XBRL filing on BSE