Welspun India: 79% growth in topline, 46% growth in EBITDA

Welspun India Limited (WIL), the flagship company of $ 1 billion Welspun Group, reported a 79% rise in sales at Rs. 2,764 million in Q2– FY ‘07 as compared to Rs. 1,547 million in Q2– FY ‘06. EBITDA reported grew by 46% to Rs 551 mn. The Net Profit increased by 45% at Rs.183 mn and Overall Cash Profit (PAT +Depreciation) increased by 41 % to Rs. 340 mn in Q2- FY ‘07 wrt to Q2- FY ’06. 

Business

In Q2 –FY ’07, the towel division continued to do well. While for sheeting, this was the second significant quarter for the business, contributing Rs.1,052 mn to the top line and a healthy bottom line.

Christy – the recent addition to our portfolio too is kicking in with better performance on its business both in UK and USA.

Project

Most of the Phase II Anjar project is proceeding as per plans. The entire project is appraised by premier financial institutions and vetted for TUF benefits entitlement.

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