Welspun Enterprises on Tuesday recorded its fiscal fourth quarter profit at Rs 77.35 crore, posting a fall of 50.3 per cent on-year in comparison to Rs 155.60 crore during the corresponding quarter of FY23. It posted revenue from operations at Rs 821.11 crore, down 2.8 per cent as against Rs 845.08 crore during the same period last year. The company EBITDA stood at Rs 111 crore, up 17 per cent on-year.
While the total income recorded during the quarter ended March 31, 2024 was at Rs 866.70 crore, total expenses incurred during the period was at Rs 747.39 crore.
The company board also recommended a final dividend of Rs 3 per equity share of the face value of Rs 10 each at the rate of 30 per cent on the equity shares for the financial year 2023-24. “The Dividend will be paid to the shareholders who are holding equity shares of the company on the last day of book closure which will be July 08, 2024,” the company said in a regulatory filing.