Welspun Corp Reports the Highest-Ever Quarterly Profit in Q3 FY2024-25

Specialty steel tube manufacturer and among the larger Indian companies Welspun Corp reported a decent three months fiscal profit for Q3 FY 2024-25. According to the results for the three months, October-December, consolidated net profit touched INR 6,74 billion, which is USD 77.10 million up 100 percent over the previous fiscal year.

It further translated into good revenue for the company, at INR 36.13 billion ($412.97 million), for the quarter, and the same as that of last year, as there was an increase of 23.9%. Welspun Corp claims growth as it is getting good demand from core sectors with increased operational efficiency.

Besides demonstrating excellent financial performance, Welspun Corp’s board of directors has cleared strategic plans to strengthen its business portfolio. The company has decided to divest 19 percent, or 1,900 equity shares, in Welassure Private Limited to a third-party investor Rakshak Securitas Private Limited. The offloading is part of the plans that Welspun Corp is undertaking on its investments for rationalization purposes.

In addition, the company’s board of directors has approved an investment to the extent of up to INR 2,500 million ($28.58 million) in its wholly owned subsidiary Welspun Specialty Solutions Limited (WSSL), which will further consolidate the subsidiary’s market position and increase capacities.

Welspun Corp’s sound financials and strategic plays well indicate that the company remains well-positioned in the market and will promise a good trend for the balance of the current fiscal year.