Welspun Corp reports Rs 168 crore net profit in Q1

Welspun Corp Ltd is one of the world’s leading welded line pipe manufacturers and the flagship company of the Welspun Group.

PTI

August 04, 2023 / 18:01 IST

The company’s total income in the first quarter of the current fiscal rose to Rs 4,118.78 crore from Rs 1,394.51 crore a year ago.

Welspun Corp on Friday posted a consolidated net profit of Rs 168.45 crore in the June quarter, on the back of higher income. It had reported a Rs 95 lakh loss in the year-ago period, the company said in a regulatory filing.

The company’s total income in the first quarter of the current fiscal rose to Rs 4,118.78 crore from Rs 1,394.51 crore a year ago. Welspun Corp Ltd is one of the world’s leading welded line pipe manufacturers and the flagship company of the Welspun Group.

PTI

first published: Aug 4, 2023 06:01 pm

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347