Welspun Corp Limited on Monday announced that it has bagged an order from the Middle East for supply of Coated LSAW Pipes and Bends for sour service. In a regulatory filing, the company said that the execution of these orders will be during FY25 and FY26.
With this, the cumulative value of the line pipe orders received by the company both in India and USA stands at approximately Rs 1,348 crore since the last disclosure made on 24th July, 2024.
Earlier in August, Welspun Corp reported its fiscal first quarter earnings with a 50 per cent year-on-year (YoY) jump in net profit at Rs 248.2 crore. In the corresponding quarter, Welspun Corp posted a net profit of Rs 165 crore. The company’s revenue from operations dropped by 22.9 per cent to Rs 3,137.3 crore as against Rs 4,069.3 crore in the corresponding period of the previous fiscal year.
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At the operating level, EBITDA was up 1.4 per cent to Rs 374 crore in the first quarter of this fiscal over Rs 368.8 crore in the year-ago period.
From: financialexpress
Financial News
