Indian specialty steel pipes and tubes producer Welspun Corp has achieved a consolidated net profit of INR 6.98 billion ($81.87 million) in the fourth quarter (January-March) of the fiscal year 2024-25, a rise of 160 percent year on year, according to a company regulatory filing on Friday, May 30.
The company’s total revenue from operations, however, showed a decline of 12 percent during the quarter to INR 39.24 billion ($460.17 million).
During the full fiscal year of 2024-25, Welspun Corp achieved a total consolidated net profit of INR 19.08 billion ($223.66 million), a rise of 19.38 percent year on year.
It reported a total current order book value of INR 195 billion ($2.29 billion) of pipes for both its plants in India and the US, with the US mill’s capacity fully booked for the next eight quarters.