Welspun Enterprises Q4 Profit drops by 50.3%

(20 second reading) Welspun Enterprises recorded its Q4FY 24 profit at Rs 77.35 crore, posting a fall of 50.3 per cent on-year in comparison to Rs 155.60 crore during Q4 of FY23. It posted revenue from operations at Rs 821.11 crore, down 2.8 per cent as against Rs 845.08 crore during the same period last year. The company EBITDA stood at Rs 111 crore, up 17 per cent on-year.
The company board also recommended a final dividend of Rs 3 per equity share of the face value of Rs 10 each at the rate of 30 per cent on the equity shares for the financial year 2023-24. “The Dividend will be paid to the shareholders who are holding equity shares of the company on the last day of book closure which will be July 08, 2024,”