May 2, 2018 / 8:51 AM / 3 months ago

BRIEF-India's Welspun Corp Posts March Qtr Consol Net Loss

May 2 (Reuters) - Welspun Corp Ltd:

* RECOMMENDED DIVIDEND OF 0.50 RUPEES PER SHARE

* MARCH QUARTER CONSOL NET LOSS 45.2 MILLION RUPEES VERSUS PROFIT OF 733.8 MILLION RUPEES LAST YEAR

* MARCH QUARTER CONSOL REVENUE FROM OPERATIONS 15.89 BILLION RUPEES VERSUS 19.59 BILLION RUPEES LAST YEAR

* SAYS CURRENT PIPE ORDER BOOK STANDS AT 109 BILLION RUPEES

* SAYS NET DEBT STOOD AT 4.22 BILLION RUPEES AS AT MARCH 31, 2018

* EXPECT GOOD ORDER INFLOWS TO CONTINUE IN FY19 ON ACCOUNT OF HIGH ENERGY PRICES, EXPANSION OF NATIONAL GAS GRID IN INDIA

* SAYS “DEMAND FROM OIL & GAS SEGMENT IN MENA IS EXPECTED TO PICK-UP OVER THE NEXT FEW QUARTERS”

* SAYS "DEMAND OUTLOOK FOR OUR PLATE AND COIL MILLS DIVISION REMAINS SATISFACTORY, ALTHOUGH MARGIN CHALLENGES REMAIN" Source text - bit.ly/2w6MJz7 Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below