Welspun Corp Ltd Share Price – NSE  / BSE

Steel, Small Cap

Net profit of Welspun Corp declined 25.40% to Rs 286.95 crore in the quarter ended September 2024 as against Rs 384.67 crore during the previous quarter ended September 2023. Sales declined 18.66% to Rs 3301.83 crore in the quarter ended September 2024 as against Rs 4059.45 crore during the previous quarter ended September 2023.

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Welspun Corp Ltd is up for a third straight session in a row. The stock is quoting at Rs 799.75, up 3.48% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 1.04% on the day, quoting at 24230.1. The Sensex is at 79668.59, down 0.88%. Welspun Corp Ltd has risen around 15.01% in last one month.

Meanwhile, Nifty Metal index of which Welspun Corp Ltd is a constituent, has risen around 3.54% in last one month and is currently quoting at 9656.45, down 2.16% on the day. The volume in the stock stood at 7.62 lakh shares today, compared to the daily average of 5.9 lakh shares in last one month.

The PE of the stock is 40.37 based on TTM earnings ending June 24.

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The aforementioned order would be executed in FY26.

This win further reinforces our leading position in the USA O&G market. Our outlook for the USA market remains extremely positive. We have also participated in few more projects and are favourably placed in additional 1-2 large projects,” the company said in a statement.

Welspun Corp is primarily engaged in business of manufacture and distribution of steel and steel products.

The company's consolidated net profit jumped 50.06% to Rs 248.18 crore despite a 22.90% fall in sales to Rs 3,137.23 crore in Q1 FY25 over Q1 FY24.

The scrip declined 1% to currently trade at Rs 725.25 on the BSE.

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Welspun Corp will hold a meeting of the Board of Directors of the Company on 8 November 2024

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