Welspun Enterprises on Tuesday reported a 45.4% decline in consolidated profit to Rs 77.67 crore for the quarter ended on March 31, 2024. The company posted a consolidated profit of Rs 142.41 crore in the year-ago period.
The consolidated income dropped to Rs 866.70 crore in the January-March quarter from Rs 916.46 crore in the year-ago period, according to an exchange filing by the company.
Welspun Enterprises is an infrastructure developer with diversified portfolio of projects in infrastructure and energy sectors.
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Shares of the company tanked more than 8% to trade at Rs 363.65 per share on BSE in the pre-close session.
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