Welspun Corp on Wednesday recorded second quarter profit for the financial year 2023-24 at Rs 384.67 crore in comparison to a loss of Rs 56.59 crore during the same quarter last year. It posted revenue from operations at Rs 4,059.45 crore, up 103.6 per cent as against Rs 1,993.81 crore during the second quarter of FY23. The company EBITDA stood at Rs 399.6 crore during Q2FY24 versus an EBITDA loss of Rs 131.2 crore last year.
While the total income recorded by Welspun was at Rs 4,161.41 crore, total expenditure incurred by the company during the second quarter was at Rs 3820.59 crore.
Welspun’s steel products business posted Q2 revenue at Rs 3902.75 crore, up 98.7 per cent in comparison to Rs 1963.81 crore during the same period last year. And the other businesses recorded a revenue of Rs 156.70 crore during the quarter ended September 2023.