08
Feb
13:17
Welspun Corp’s December-quarter profits surge
Indian pipe manufacturer, Welspun Corp reports its net profit rose sharply by 1,156% year-on-year to INR 2.92 billion ($35.18 million) in its third fiscal quarter ending on December 2023 (Q3). Strong and steady demand across the country helped offset the rise in steel prices in October and November, Kallanish notes.
The company’s net profit for the first nine months of the financial year ending on March 2024 stood at INR 8.42 billion, reversing from a…
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Anonymous
Very good overview of the weekly steel market.
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