Edition:
India

India's Welspun Corp Posts March Qtr Consol Net Loss


Wednesday, 2 May 2018 

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". 

Company Quote

117.1
-2.8 -2.34%
21 Jan 2019