Welspun Enterprises Q3 Results: Profit Slips 13%, Misses Estimates
Revenue rose 23% to Rs 866.9 crore in the December quarter.
Welspun Enterprises Ltd.'s consolidated net profit fell 13% in the third quarter of the current financial year, missing analysts' estimates.
The company posted a profit of Rs 77.5 crore in the December quarter, according to an exchange filing on Monday. That missed the Rs 95-crore consensus estimate of analysts tracked by Bloomberg.
Welspun Enterprises Q3 Highlights (Consolidated, YoY)
Revenue up 23% to Rs 866.9 crore versus Rs 706.7 crore.
Ebitda up 1% to Rs 128.2 crore versus Rs 126.3 crore.
Ebitda margin narrows to 14.8% versus 17.9%.
Net profit down 13% to Rs 77.5 crore versus Rs 89.5 crore.
Welspun Enterprises, part of Welspun World, is an infrastructure development company focusing on water, wastewater and transport segments. The company also has investments in oil and gas exploration.
Shares of Welspun Enterprises closed 0.31% lower at Rs 605 apiece, compared to a 0.52% decline in the benchmark Nifty. The share price has risen 64.42% in the last 12 months.
