NSE:WELCORP

3 stories mentioning NSE:WELCORPUpdated 45d ago

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Welspun Completes Intra-Group Transfer of Saudi Unit; Shares Slide 4%

Welspun Corp (NSE:WELCORP, BOM:532144) completed the transfer of its Saudi Arabia-based subsidiary Welspun Pipes Co. to Welspun Global Holdings Ltd. from Welspun Mauritius Holdings Ltd., according to a Thursday filing on Indian bourses.Shares of the pipes manufacturer fell nearly 4% in Friday's trade.Following the transaction, Welspun Pipes has become a wholly owned subsidiary of Welspun Global Holdings. Both entities involved in the transfer are wholly owned subsidiaries of Welspun, the filing said.The company said the intra-group restructuring does not change ultimate ownership and is not expected to materially impact its operations or financials.

BOM:532144NSE:WELCORP

Asia46d ago

Welspun Corp's Consolidated Profit Slumps in Fiscal Q4; Shares Fall 4%

Welspun Corp (NSE:WELCORP, BOM:532144) consolidated attributable net profit declined to 3.70 billion rupees in the fiscal fourth quarter ended March 31 from 6.98 billion rupees a year ago, according to a filing to the Indian stock exchanges on Thursday.Shares of the pipes manufacturer fell over 4% in Friday's trade.Earnings per share contracted to 14.04 rupees from 26.50 rupees a year earlier.Revenue from operations in fiscal Q4 increased to 43.1 billion rupees from 39.2 billion rupees a year ago.The company's board of directors recommended a final dividend of 5 rupees per share for the financial year ended March 31.

BOM:532144NSE:WELCORP

Asia53d ago

Welspun Corp Bags INR7 Billion Pipes Supply Order; Shares Down 3%

Pipes manufacturer Welspun Corp (NSE:WELCORP, BOM:532144) has received an order of 7 billion Indian rupees for the supply of LSAW pipes from its US facility, according to a Friday filing to the Indian stock exchanges.With this latest order, the company's consolidated global order book has increased to 253.5 billion rupees. The order book will be executed during the financial years 2026-27 and 2027-28.The company's shares were down nearly 3% in recent trade.

BOM:532144NSE:WELCORP

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