The company reported a consolidated net profit of Rs.23.1 crore, against Rs.143.8 crore in the same period last year. Net sales in the same period declined 19% to Rs.1,790 crore from Rs.2,220 crore in the year ago period.
Welspun Corp Ltd., diameter line pipe company, reported a consolidated net profit of Rs.23.1 crore, against Rs.143.8 crore in the same period last year. Net sales in the same period declined 19% to Rs.1,790 crore from Rs.2,220 crore in the year ago period.
The company has recommended a dividend at the rate of 10 % on 265,226,109 Equity Shares of Rs.5/- each fully paid-up.
During the quarter under review, total income was at Rs.1,841 crore compared with Rs.2,331.4 crore.
The company has recommended a dividend at the rate of 10 % on 265,226,109 Equity Shares of Rs.5/- each fully paid-up.
During the quarter under review, total income was at Rs.1,841 crore compared with Rs.2,331.4 crore.
Welspun Corp Ltd is currently trading at Rs. 93.7, down by Rs. 5.65 or 5.69% from its previous closing of Rs. 99.35 on the BSE.
The scrip opened at Rs. 100 and has touched a high and low of Rs. 101.5 and Rs. 93.05 respectively. So far 1335029(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2635.02 crore.
The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 153.6 on 05-Aug-2015 and a 52 week low of Rs. 72.55 on 03-Jun-2015. Last one week high and low of the scrip stood at Rs. 106.85 and Rs. 98.75 respectively.
The promoters holding in the company stood at 41 % while Institutions and Non-Institutions held 15.42 % and 34.9 % respectively.
The stock is currently trading below its 200 DMA.
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