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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.
Risk Analysis
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.
Valuation is complex, but we’re helping make it simple.
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.
View the Free Analysis
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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