Welspun Corp Q4 Results: Net profit falls 9% YoY to Rs 240 crore
Welspun Corp posted a net profit of INR 240.08 crore for Q4 2021-22, down 8.9% YoY. Total income rose to INR 4,132.38 crore from INR 2,413.48 crore in the same quarter of the previous year, while expenses rose to INR 3,835.55 crore from INR 2,033.16 crore. Chairman of Welspun Group, B.K. Goenka, said the company's operational progress in new businesses will result in significant value creation for stakeholders in addition to growth in the existing portfolio. Welspun Corp is one of the world's largest manufacturers of large-diameter pipes, present in 50 countries.
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