Welspun Corp's plant at Anjar has been declared as theWinner of 'Golden Peacock National Quality Award' for the year 2020.

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Welspun Corp. announced that the Board of Directors of the Company at its meeting held on 17 June 2020, inter alia, have recommended the final dividend of Rs 0.5 per equity Share (i.e. 10%) , subject to the approval of the shareholders.

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Revenue from operations in the fourth quarter remained almost flat at Rs 2,687.10 crore compared with the corresponding period last fiscal.

Pre-tax profit in Q4 FY20 stood at Rs 312.93 crore as against a pre-tax loss of Rs 79.05 crore in Q4 FY19. Current tax expenses jumped to Rs 79.34 crore in Q4 March 2020 from Rs 30.22 crore in Q4 March 2019. Total expenses declined 10.1% to Rs 2,551.89 in Q4 FY20 over Q4 FY19.

Welspun Corporation offers pipe solutions with a capability to manufacture line pipes, along with specialized coating, double jointing and bending. It is a preferred supplier to most of the Fortune 100 oil & gas companies.

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Net profit of Welspun Corp reported to Rs 138.27 crore in the quarter ended March 2020 as against net loss of Rs 148.72 crore during the previous quarter ended March 2019. Sales rose 0.04% to Rs 2687.10 crore in the quarter ended March 2020 as against Rs 2686.15 crore during the previous quarter ended March 2019.

For the full year,net profit reported to Rs 635.46 crore in the year ended March 2020 as against net loss of Rs 13.25 crore during the previous year ended March 2019. Sales rose 12.50% to Rs 9759.03 crore in the year ended March 2020 as against Rs 8675.06 crore during the previous year ended March 2019.

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