Welspun India (NSE:WELSPUNIND) Second Quarter 2023 Results
Key Financial Results
- Revenue: ₹21.1b (down 15% from 2Q 2022).
- Net income: ₹86.7m (down 96% from 2Q 2022).
- Profit margin: 0.4% (down from 8.0% in 2Q 2022). The decrease in margin was driven by lower revenue.
- EPS: ₹0.08 (down from ₹2.02 in 2Q 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Welspun India Earnings Insights
Looking ahead, revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India.
Performance of the Indian Luxury industry.
The company’s share price is broadly unchanged from a week ago.
You should always think about risks. Case in point, we’ve spotted 2 warning signs for Welspun India you should be aware of, and 1 of them makes us a bit uncomfortable.
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Find out whether Welspun India is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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