Welspun Corp on Thursday posted a 57 per cent rise in consolidated net profit to Rs 443.51 crore in the September quarter, driven by a rise in revenues from the core steel products business.
It had clocked a net profit of Rs 282.96 crore in the July-September period of the preceding 2024-25 financial year, the company said in a regulatory filing.
Total income increased to Rs 4,408.66 crore in the September quarter from Rs 3,364.23 crore in the year-ago period.
Total expenses stood at Rs 3,916.09 crore, higher from Rs 3,074.90 crore in Q2 FY25.
The board of the company also approved the incorporation of two wholly-owned subsidiaries in the United Arab Emirates (UAE).
One of the proposed companies will be incorporated at the Dubai International Financial Centre. It will act as an investment holding company to oversee the investments globally.
Another entity will be incorporated at the Free Trade Zone in the UAE to handle global marketing for all products and carry out the businessWelspun Corp on Thursday posted a 57 per cent rise in consolidated net profit to Rs 443.51 crore in the September quarter, driven by a rise in revenues from the core steel products business.
It had clocked a net profit of Rs 282.96 crore in the July-September period of the preceding 2024-25 financial year, the company said in a regulatory filing.
Total income increased to Rs 4,408.66 crore in the September quarter from Rs 3,364.23 crore in the year-ago period.
Total expenses stood at Rs 3,916.09 crore, higher from Rs 3,074.90 crore in Q2 FY25.
The board of the company also approved the incorporation of two wholly-owned subsidiaries in the United Arab Emirates (UAE).
One of the proposed companies will be incorporated at the Dubai International Financial Centre. It will act as an investment holding company to oversee the investments globally.
Another entity will be incorporated at the Free Trade Zone in the UAE to handle global marketing for all products and carry out the business Latest News [ SOBAN NEWS: International and National ]