Welspun Corp Limited - 532144 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Please see attached that the Company will participate in person in the investor Conference on 14th February, 202407-02-2024
07-02-2024
Welspun Corp Limited - 532144 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Please see attached that the Company will participate in person in the investor Conference.07-02-2024
Welspun Corp Q3 Profit Jumps To Rs 294 Crore; Company To Invest Rs 500 Crore In Middle East
The company's total income doubled to Rs 4,758.17 crore over Rs 2,410.33 crore in the same quarter a year ago.06-02-2024
Welspun Corp Limited - 532144 - Compliances-Reg. 54 - Asset Cover details
Please find attached Security Cover Certificate.06-02-2024
Welspun Corp Limited - 532144 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Please find the attached business update.06-02-2024
Welspun Corp Limited - 532144 - Announcement under Regulation 30 (LODR)-Investor Presentation
Please find attached investor presentation.06-02-2024
Welspun Corp Limited - 532144 - Announcement under Regulation 30 (LODR)-Appointment of Statutory Auditor/s
Change in Statutory Auditors - Due to retirement.06-02-2024
Q3FY24 Quarterly & 9MFY24 Result Announced for Welspun Corp Ltd.
Iron & Steel Products company Welspun Corp announced Q3FY24 & 9MFY24 results: Consolidated Financials: Revenue from operations for Q3FY24 and 9MFY24 stood at Rs 4,750 crore (+98% YoY) and Rs 12,878 crore (+126% YoY) respectively. EBITDA for Q3FY24 and 9MFY24 recorded at Rs 471 crore (+170%) and Rs 1,391 crore (+332%) respectively. PAT for Q3FY24 jumped by more than 10x to Rs 292 crore, while for 9MFY24 it stood at Rs 842 crore against a loss of Rs 29 crore during the corresponding period previous year. Net debt reduced to Rs 503 crore at the end of 9MFY24 compared to Rs 1,837 crore at the end of 9MFY23 driven by strong free cash-flows from the businesses. ROCE for 9MFY24 stood at 15.7% (not annualized) compared to FY23 ROCE of 7.9%. Complete Pipe Solutions (India & US Line Pipes, DI Pipes, SS Pipes & Tubes): Sales volume of line pipe businesses in India and the USA for 9MFY24 rose 65% YoY. Order Book for Line Pipes in India and US stands at 575 KMT valued at ~Rs 7,200 crore. Our associate Company, EPIC in Saudi Arabia has a confirmed order book exceeding 2 years. Execution of recent Aramco order of SAR 1.8 billion started. Steady improvement in DI Pipes sales - 9MFY24 sales volume rose almost 10x YoY to 135 KMT. Stainless Steel Bars sales volume grew by 201% YoY to 12,294 MT while, Pipes & Tubes sales volume rose by 23% YoY to about 3,667 MT during 9MFY24. Building Materials (Sintex and TMT): WST sales volume in Sintex grew 11% YoY to 10,514 MT in 9MFY24, while TMT Rebars sales volume for 9MFY24 stood at 79 KMT as against 2 KMT during the same period last year. Sintex finalized its foray into Plastic Pipes segments- portfolio to include different types of PVC Pipes including CPVC, HDPE, UPVC, and OPVC. ESG: Achieved the highest rating (59) in ESG Performance by CRISIL ESG Ratings among peers. Moving towards sustainability goals by focusing on improving energy intensity, water intensity, and waste intensity. Got “ZERO waste to Landfill” certification by TUV NORD INDIA achieved for the Anjar facility. Tax transparency report published. I am glad to see that our strategic focus on key business segments has been helping us sail through turbulent global geopolitical tensions and macro-economic challenges. Operational and financial performances continued to remain strong for Q3 and 9MFY24. As per our planned strategy, we have finalised our foray into the plastic pipes segment, which provides us with a huge opportunity to leverage Sintex brand value. Looking at the strong growth opportunity we have finalized our investment in DI Pipes in the Middle East region. Along with the steady and improving performances in existing and new business, investment in future growth areas will help in significant value creation for our stakeholders.” said B. K. Goenka, Chairman, Welspun Group. “Highest ESG performance score by CRISIL among peer companies is a testimony to our commitment to sustainability” he added. Result PDF06-02-2024
Welspun Corp Limited - 532144 - Outcome Of The Meeting Of The Board Of Directors
Please see attached outcome of the Board of Directors of meeting held today.06-02-2024
Welspun Corp Limited - 532144 - Unaudited Financial Results For The Quarter And The Nine Months Ended December 31, 2023.
Please find attached financial results for the quarter and the nine months ended 31st December 2023.06-02-2024