Welspun India Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
April 27, 2023 at 05:08 am EDT
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Welspun India Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 21,539 million compared to INR 22,270.9 million a year ago. Revenue was INR 21,954.7 million compared to INR 22,470.6 million a year ago. Net income was INR 1,253.9 million compared to INR 521.9 million a year ago. Basic earnings per share from continuing operations was INR 1.28 compared to INR 0.53 a year ago. Diluted earnings per share from continuing operations was INR 1.28 compared to INR 0.53 a year ago.
For the full year, sales was INR 80,937.6 million compared to INR 93,114.7 million a year ago. Revenue was INR 82,151 million compared to INR 93,773.1 million a year ago. Net income was INR 1,988.3 million compared to INR 6,011.7 million a year ago. Basic earnings per share from continuing operations was INR 2.02 compared to INR 6.06 a year ago. Diluted earnings per share from continuing operations was INR 2.02 compared to INR 6.06 a year ago.
Welspun Living Limited is an India-based company, which is engaged in the textile business. The Company manufactures a range of home textile products, primarily terry towels, bed linen products, rugs, and flooring products. The Company operates through two segments: Home Textiles, and Flooring. Home Textiles segment includes towels, bathrobes, bath rugs/mats, area rugs, carpet, bedsheets, utility bedding and fashion bedding. The Flooring segment includes tiles and Grass tiles. The Company provides a range of solutions, including flooring solutions, advanced textiles, e-commerce, hospitality, and wellness. The Company's flooring products include Silver Striped Oak, Aged Oak, Brown Elm, Baked Terracotta. The Company's brands include Christy, Spaces, Welspun, Welspun Health, Martha, Welhome, SPUN and Scott Living. The Company's subsidiaries include Welspun Mauritius Enterprises Limited, CHT Holdings Limited, TILT Innovations Inc, Welspun Nexgen Inc, and Welspun Flooring Limited.
WELSPUN LIVING LIMITED 
