In an interview to CNBC-TV18, Vipul Mathur, CEO & MD of Welspun Corp spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Vipul Mathur, MD & CEO of Welspun Corp spoke about the latest happenings in the company and gave his outlook for the future.
Welspun Corp reported a good quarter. In an interview to CNBC-TV18, S Krishnan, CFO of the company discuss the details and his outlook for the company.
In an interview with CNBC-TV18, S Krishnan, CFO of Welspun Corp said that there was a slight pushback to the company's overseas business and some domestic orders have got pushed to the third and fourth quarter.
S Krishnan, CFO of Welspun Corp, said that the company's order book is an indication of the road ahead. There are challenges and we will need to work on Americas and Middle East, he said.
Welspun which posted a weak show in the March quarter blamed the turmoil in energy sector for the lacklustre earnings. In an interview to CNBC-TV18, BK Mishra, Chief Executive and Managing Director of the company said he's happy with the company's performance given the situation in oil and gas sector.
Welspun Corp bagged an order worth 200,000 MTs pipes offshore project on the back of which the company‘s orderbook went up to Rs 6500 crore from Rs 4500 crore.
In an interview with CNBC-TV18, Welspun Corp CMD BK Mishra discussed the company's third quarter earnings. The company posted a net profit of Rs 213.53 crore on revenues of Rs 8,450 crore.
Revenue growth was aided by increased per tonne realisations, Braja Mishra, CEO and MD of Welspun Corp told CNBC-TV18.
B K Mishra, M D, Welspun Corp says quarter-on-quarter (QoQ) performance will remain volatile because of the volume, in excess of a million tonne, needs to be booked on lower price to keep the new mills running.
The company has merged Welspun Enterprises, Welspun Infratech, Welspun Plastics, Welspun Infra Projects and Welspun Projects on the recommnetdation of its audit committee.
Welspun Corp first quarter consolidated earnings were marred by foreign exchange losses and provisions related to that.
Akhil Jindal, Director of Welspun Group denies the ban to raise money from the capital market. The net debt is currently at Rs 2,500 crore against their networth of Rs 5,000 crore. They aim to bring it down to below Rs 1,000 crore in 3 years which is at .23 of debt equity levels and that is quite comfortable.
Akhil Jindal, director of Welspun Group joins CNBC-TV18 to talk about the company’s Q2 FY12 results and plans going forward.
Welspun Group will be recieving capital infusion of USD 500 million from PE Apollo Global Management to expand its presence in the global oil and gas pipe market.