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Welspun India Ltd Q1FY21 consolidated PAT falls to Rs. 49.09 crore



Posted On : 2020-07-24 15:52:28( TIMEZONE : IST )

Welspun India Ltd Q1FY21 consolidated PAT falls to Rs. 49.09 crore

WELSPUN INDIA LTD. has reported financial results for the period ended June 30, 2020.

Financial Results (Q1 FY 2020-21) - QoQ Comparison

The company has reported total income of Rs.1216.04 crores during the period ended June 30, 2020 as compared to Rs.1664.46 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.49.09 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.85.60 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.0.49 for the period ended June 30, 2020 as compared to Rs.0.85 for the period ended March 31, 2020.

FinancialsQ1 FY2020-21Q4 FY19-20% Change
Total Income₹ 1216.04 crs₹ 1664.46 crsDown Tick -26.94%
Net Profit₹ 49.09 crs₹ 85.60 crsDown Tick -42.65%
EPS₹ 0.49₹ 0.85Down Tick -42.35%

Financial Results (Q1 FY 2020-21) - YoY Comparison

The company has reported total income of Rs.1216.04 crores during the period ended June 30, 2020 as compared to Rs.1736.29 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.49.09 crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.150.04 crores for the period ended June 30, 2019.

The company has reported EPS of Rs.0.49 for the period ended June 30, 2020 as compared to Rs.1.49 for the period ended June 30, 2019.

FinancialsQ1 FY2020-21Q1 FY2019-20% Change
Total Income₹ 1216.04 crs₹ 1736.29 crsDown Tick -29.96%
Net Profit₹ 49.09 crs₹ 150.04 crsDown Tick -67.28%
EPS₹ 0.49₹ 1.49Down Tick -67.11%

Speaking about the performance, Mr. B.K. Goenka, Chairman, Welspun Group, said, "In a quarter marked by challenging conditions and uncertainties, we have demonstrated resilience in our performance. We are well equipped for the 'New Normal' and have resumed operations in record time while prioritizing the safety and well-being of our people.

We continue to accelerate our journey towards digitalization of all critical business functions and processes while focusing on our enablers' viz., Innovation, Branding, Talent and Sustainability to consolidate our leadership position."

Shares of WELSPUN INDIA LTD. was last trading in BSE at Rs.34.5 as compared to the previous close of Rs. 32.9. The total number of shares traded during the day was 211273 in over 800 trades.

The stock hit an intraday high of Rs. 34.5 and intraday low of 33.05. The net turnover during the day was Rs. 7222563.

Source : Equity Bulls

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