New Delhi, Jan 30 (PTI) Welspun Corp on Friday posted a 33 per cent fall in its consolidated net profit to Rs 456.36 crore in the December quarter, hit by higher expenses.
It had a consolidated net profit
of Rs 672.19 crore in October-December period of preceding fiscal, the company said in an exchange filing.
The company's total income, however, increased to Rs 4,562.04 crore, from Rs 3,656.57 crore in the same quarter a year ago.
Expenses of the company surged to Rs 4,059.95 crore from Rs 3,351.36 crore in the third quarter of FY25.
In a separate statement, the company's MD and CEO Vipul Mathur said, "We continue to deliver strong performance...and are on track to achieve or exceed our full year guidance for FY26. Our order book continues to remain at a record high level, bringing consistency and long term visibility across our global operations."
The company said it maintained a record high order book of Rs 23,600 crore, including line pipes (India and US), ductile iron pipes, and stainless steel bars and pipes.
Part of Welspun World, Welspun Corp Ltd (WCL) is one of the largest manufacturers of large diameter pipes globally and has established a global footprint across six continents and fifty countries by delivering key customized solutions for both onshore and offshore applications.
The company also manufactures ductile iron (DI) pipes, TMT (Thermo-mechanically treated) rebars, steel billets, stainless steel bars and pipes and tubes. PTI ABI ABI DR
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