Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Welspun India Ltd - Emerging businesses gaining traction

Posted On: 2019-10-22 21:49:51

Welspun India Ltd. (WIL), part of the US$ 2.7 billion Welspun Group, announced Q2FY20 / H1FY20 results today.

Consolidated Highlights:

- Q2FY20 Total income was Rs. 18,371 million vs. Rs. 17,978 million in Q2FY19, registering a growth of 2.2% YoY. Emerging businesses grew by 30% YoY.

- EBITDA margin for Q2FY20 was 22.0%, higher 424 bps YoY
- Net debt/equity continues to be below 1x
- Prepaid term loans of Rs. 2,841.7 million, weighted average interest rate of these loans was 9.8% p.a.
- 'Badal Dalo' campaign for 'Welspun' brand with Amitabh Bachchan as brand ambassador was well received.
- 'Rangana by Spaces' grew 74% YoY
- Awarded 'Vendor of the year' for sustainability by Macy's

Capex and Project Status

- Company continues to calibrate capex according to cashflows
- H1FY20 Capex was approx. Rs. 4.6 billion
- FY20 total capex is expected to be Rs. 6 billion
- Welspun Flooring (WFL) - WFL has commenced its operations with effect from September 13, 2019. Overall capex till date is around Rs. 8.1 bn. As part of the sales network, 42 distributors and around 450 dealers have been appointed so far pan-India.

Speaking about the performance, Mr. B.K. Goenka, Chairman, Welspun Group, said, "Our emerging businesses are gaining traction. We are excited about our recently commissioned flooring solutions plant, which could provide tremendous growth opportunities in the domestic market as well as the export market. We have roped in Mr. Amitabh Bachchan as brand ambassador for our 'Welspun' brand, and our new campaign has received positive response. We will continue to pursue our differentiation strategy based on Branding, innovation and sustainability."

Shares of WELSPUN INDIA LTD. was last trading in BSE at Rs.57.15 as compared to the previous close of Rs. 51.8. The total number of shares traded during the day was 220626 in over 1596 trades.

The stock hit an intraday high of Rs. 58.15 and intraday low of 51.5. The net turnover during the day was Rs. 12353573.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Jio Platforms receives over Rs. 1.5 lakh crore investment in 3 months

World Youth Skills Day: TCS iON Launches Youth Employability and Entrepreneurship Programme

ICICI Securities Primary Dealership Ltd Q1FY21 net profit surges to Rs. 345.08 crore

Federal Bank Ltd Q1FY21 consolidated PAT higher at Rs. 409.50 crore

Google to invest Rs. 33,737 crore in Jio Platforms Ltd

Indian Metals & Ferro Alloys Ltd postpones board meeting to July 27, 2020

Trigyn awarded - National Cooperative Purchasing Alliance (NCPA) - IT Services Contract

IFGL Refractories Ltd board to consider Q4FY20, FY2020 results, final dividend on July 18, 2020

Bandhan Bank Ltd reports Q1FY21 net profit of Rs. 549.81 crore

TCS Now Second Largest Among UK Software and IT Services Companies

Zydus Cadila receives final approval from USFDA for Betamethasone Dipropionate Ointment

Tata Consumer Products Ltd board to approve Q1FY21 results on Aug 4, 2020

Maruti Suzuki to proactively recall 134,885 units of WagonR and Baleno

NELCO Ltd board to approve quarterly results on July 31, 2020

Sonata Software Ltd board to announce 1st quarter results on Aug 10, 2020

Steel Strips Wheels Ltd bags news orders for mobile home market from USA

Havells India Ltd board to consider Q1FY21 results on July 27, 2020

Zydus starts the Human Dosing for Adaptive Phase I & II clinical trials

Chinese firm announces open offer to acquire shares of Thirdwave Financial Intermediaries Limited

Majesco Enables United Educators Digital Transformation Journey

Aarti Surfactants Ltd FY20 PAT at Rs. 2.09 crore

ICRA Limited Board approves audited financial results for Q4, FY2020

Oriental Hotels Ltd board to approve first quarter results on July 28, 2020

Indiamart Intermesh Ltd board to announce quarterly results on July 21, 2020

Bharti Infratel Ltd board to consider 1st quarter results on July 27, 2020

Monnet Ispat & Energy Ltd board to approve Q1FY21 results on July 21, 2020

ICRA Ltd Board approves Dividend of Rs. 27 for FY20

Vanguard and Infosys announce strategic partnership

India Ratings Downgrades HEG to 'IND AA-'/Stable

Prestige Estates subsidiary acquires equity stake in DB (BKC) Realtors Private Limited

Gujarat Hotels Ltd posts Rs. 0.87 crore PAT in Q1FY21

Oberoi Realty Ltd Q1FY21 consolidated PAT slides to Rs. 28.07 crore

YES Bank approves allocation of 3,415,384,614 Equity Shares to anchor investors

National Peroxide Ltd Board approves dividend of Rs. 12.50

Oberoi Realty Ltd board approves fund raising proposals

Suzlon Energy Limited allots 51,19,92,560 shares

CreditAccess Grameen Limited board to consider terms of NCD issue on July 17, 2020

IDFC First Bank Ltd board to announce Q1FY21 results on July 28, 2020

Oberoi Realty Ltd Q4FY20 consolidated PAT climbs to Rs. 250.96 crore

National Peroxide Ltd Q4FY20 net profit at Rs. 3.03 crore

AAI, BEL sign MoU for co-operation in Civil Aviation industry

Godrej Properties Ltd board to announce Q1FY21 results on Aug 5, 2020

Hero MotoCorp announced as the Title Partner of Hero Open

Opto Circuits India Ltd sinks to FY2020 loss of Rs. 1367.86 crore

Emami group completes stake sale in Emami Cement

ICICI Securities Ltd board to approve 1st quarter results on July 22, 2020

Chambal Fertilisers & Chemicals Ltd board to announce Q1FY21 results on July 29, 2020

Salasar Techno Engineering Ltd updates on tower supply agreement

Dhanlaxmi Bank Limited to exercise call option on bonds

Indo Amines Ltd board to consider Q4FY20 results on July 20, 2020

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019