Welspun Corporation Limited :Multibagger stock engaged in the business of manufacturing and supplying steel and plastic products in green following the release of its Q3FY24 results with a 1,164 percent jump in net profit.
Welspun Corporation Limited:
With a market capitalization of Rs. 15,526 Crores, the shares of Welspun Corporation Limited were trading at Rs. 597, up 0.22 percent from its previous day’s close price of Rs. 595.70. It has delivered multibagger returns of 194 percent in a year.
Its revenue from operations grew by 97.71 percent YoY from Rs. 2402.32 Crores in Q3FY23 to Rs. 4749.71 Crores in Q3FY24 and it grew 17 percent QoQ from Rs. 4059.45 Crores in Q2FY24 to Rs. 4749.71 Crores in Q3FY24.
Its Net Profit grew by 1,164.86 percent YoY from Rs. 23.22 Crores in Q3FY23 to Rs. 293.7 Crores in Q3FY24 and it declined 24.02 percent QoQ from Rs. 386.57 Crores in Q2FY24 to Rs. 293.7 Crores in Q3FY24.
Mr. B. K. Goenka, Chairman, of Welspun Group, said we have finalized our foray into the plastic pipes segment, which provides us a huge opportunity to leverage Sintex brand value. Looking at the strong growth opportunity we have finalized our investment in DI Pipes in the Middle East region.
Welspun Corporation Limited is among the Largest Welded Line Pipe manufacturing companies in the world, engaged in the business of manufacturing and coating high-grade submerged arc welded pipe, hot rolled steel plates, coils, plastic products, and many more.
Welspun Corporation Limited is among the top 3 line pipe manufacturers globally, with 5 manufacturing facilities in 3 countries. These pipes are used for offshore and onshore transmission of oil, gas, and water.
-
What does Welspun Corporation Ltd. do?
- Welspun Corporation Ltd. is a leading global manufacturer of large diameter line pipes, coating solutions, and related services for the oil and gas industry. We specialize in providing innovative solutions for energy infrastructure projects worldwide.
-
Where is Welspun Corporation Ltd. headquartered?
- Our corporate headquarters is located in Mumbai, India. However, we have a global presence with manufacturing facilities and offices in various countries across continents.
- What types of products does Welspun Corporation Ltd. offer?
- We offer a wide range of products including submerged arc welded (SAW) pipes, helical submerged arc welded (HSAW) pipes, and coating solutions such as FBE (Fusion-Bonded Epoxy) and 3LPE (Three-Layer Polyethylene).
- Can Welspun Corporation Ltd. provide customized solutions for specific project requirements?
- Yes, we have a dedicated team of experts who work closely with clients to understand their unique project requirements and provide tailored solutions to meet their needs effectively.
- How does Welspun Corporation Ltd. ensure product quality and compliance with international standards?
- We have stringent quality control measures in place at every stage of the manufacturing process. Our products adhere to various international standards such as API, ASTM, ASME, and ISO, ensuring the highest level of quality and reliability.
- What is Welspun Corporation Ltd.’s approach to sustainability and environmental responsibility?
- Sustainability is at the core of our business philosophy. We are committed to minimizing our environmental footprint by adopting eco-friendly manufacturing processes, promoting energy efficiency, and implementing responsible waste management practices.
- Does Welspun Corporation Ltd. provide after-sales support and services?
- Yes, we offer comprehensive after-sales support and services to ensure the smooth operation and maintenance of our products. Our team of technical experts is available to assist clients with any queries or issues they may encounter.
- How can I get in touch with Welspun Corporation Ltd. for further inquiries or collaboration opportunities?
- You can reach out to us through our website or contact our corporate office directly. We welcome inquiries, partnership opportunities, and collaboration proposals from prospective clients and stakeholders.
