Welspun Enterprises reports 59% rise in Q4 consolidated net profit
16th May 2022

Welspun Enterprises has reported results for fourth quarter and year ended March 31, 2022.

The company has reported a rise of 33.23% in its net profit at Rs 52.92 crore for the quarter under review as compared to Rs 39.72 crore for the same quarter in the previous year. However, total income of the company decreased by 5.64% at Rs 477.65 crore for Q4FY22 as compared Rs 506.18 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 58.77% in its net profit at Rs 65 crore for the quarter under review as compared to Rs 40.94 crore for the same quarter in the previous year. However, total income of the company decreased by 11.04% at Rs 534.64 crore for Q4FY22 as compared Rs 600.97 crore for the corresponding quarter previous year.

For the year ended March 31, 2022, the company has reported a fall of 13.04% in its net profit at Rs 93.44 crore as compared to Rs 107.45 crore for the previous year. Total income of the company decreased by 6.56% at Rs 1,344.74 crore for year under review as compared to Rs 1,439.16 crore for year ended March 31, 2021.

For the year ended March 31, 2022, on the consolidated basis, the company has reported a fall of 3.13% in its net profit at Rs 126.10 crore as compared to Rs 130.17 crore for the previous year. Total income of the company decreased by 5.77% at Rs 1,574.99 crore for year under review as compared to Rs 1,671.52 crore for year ended March 31, 2021.