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27 Years
4.4 Star
1 Crore +
Iron & Steel/Intermediate Products company Welspun Enterprises announced Q1FY24 results:
- Diversified order book stands at ~ Rs 96,000 million, which includes ~Rs 18,000 million allocated for O&M and asset replacement in the MCGM STP project. The order book is categorized as follows:
- Water & Wastewater management segment constitutes 63%
- Road segments constitute 37%
- Net Cash of the Company as on 30th June 2023 stands at Rs 10,577 million on a Standalone basis. This is post-completion of the buyback and redemption of NCDs.
- Our excellence in execution across Water & Road segments was recognized through multiple accolades
- Highest ever quarterly Operational Profit After Tax at Rs 896 million.
Speaking about the performance, Sandeep Garg, Managing Director, Welspun Enterprises, said, “We are very pleased to have made a strong start to the new financial year and are reasonably confident of delivering consistent and robust revenue growth going forward. Our sustained efforts towards enhancing efficiencies and operating leverage bodes well for our future.”
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