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Welspun Corp Ltd Q4 consolidated loss at Rs. 148.72 crores

Posted On: 2019-05-15 10:31:49

Welspun Corp Limited has reported financial results for the period ended March 31, 2019.

Financial Results (Q4 FY18-19) - QoQ Comparison

The company has reported net sales of Rs.2765.26 crores during the period ended March 31, 2019 as compared to Rs.2443.02 crores during the period ended December 31, 2018.

The company has posted net loss of Rs.(148.72) crores for the period ended March 31, 2019 as against net profit of Rs.30.08 crores for the period ended December 31, 2018.

The company has reported EPS of Rs.(5.61) for the period ended March 31, 2019 as compared to Rs.1.14 for the period ended December 31, 2018.

FinancialsQ4 FY18-19Q3 FY18-19% Change
Total Income₹ 2765.26 crs₹ 2443.02 crsUp Tick 13.19%
Net Profit₹ (148.72) crs₹ 30.08 crsDown Tick -594.41%
EPS₹ (5.61)₹ 1.14Down Tick -592.11%

Financial Results (Q4 FY18-19) - YoY Comparison

The company has reported net sales of Rs.2765.26 crores during the period ended March 31, 2019 as compared to Rs.1311.02 crores during the period ended March 31, 2018.

The company has posted net loss of Rs.(148.72) crores for the period ended March 31, 2019 as against Rs.(4.52) crores for the period ended March 31, 2018.

The company has reported EPS of Rs.(5.61) for the period ended March 31, 2019 as compared to Rs.(0.17) for the period ended March 31, 2018.

FinancialsQ4 FY18-19Q4 FY17-18% Change
Total Income₹ 2765.26 crs₹ 1311.02 crsUp Tick 110.92%
Net Profit₹ (148.72) crs₹ (4.52) crsUp Tick 3190.27%
EPS₹ (5.61)₹ (0.17)Up-Red Tick 3200%

Financial Results (FY 18-19) - YoY Comparison

The company has reported net sales of Rs.9088.12 crores during the 12 months period ended March 31, 2019 as compared to Rs.6492.12 crores during the 12 months period ended March 31, 2018.

The company has posted net loss of Rs.(13.25) crores for the 12 months period ended March 31, 2019 as against net profit of Rs.158.30 crores for the 12 months period ended March 31, 2018.

The company has reported EPS of Rs.(0.50) for the 12 months period ended March 31, 2019 as compared to Rs.5.97 for the 12 months period ended March 31, 2018.

Financials12 months FY18-1912 months FY17-18% Change
Total Income₹ 9088.12 crs₹ 6492.12 crsUp Tick 39.99%
Net Profit₹ (13.25) crs₹ 158.30 crsDown Tick -108.37%
EPS₹ (0.50)₹5.97Down Tick -108.38%

Commenting on the results, Mr B. K. Goenka, Chairman, Welspun Group said, "We are at the cusp of a new era in the history of Welspun Corp. Over the last few years, we have transformed from an assetheavy, high-debt company to an asset-light company focussed on return on capital employed and free cash flow generation. We are in a unique position where we are witnessing traction in all the three geographies (US, Saudi Arabia and India) which is evident in our order book level. We are confident that this will translate to substantially higher profits and return ratios in the coming years."

Shares of Welspun Corp Limited was last trading in BSE at Rs.135.9 as compared to the previous close of Rs. 140.3. The total number of shares traded during the day was 111830 in over 1344 trades.

The stock hit an intraday high of Rs. 139.95 and intraday low of 133.65. The net turnover during the day was Rs. 15295122.


Source: Equity Bulls

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