Welspun India discloses weak Q1FY17 results

On July 26 stock price of Welspun India is down by almost 6 per cent, after weak Q1FY17 results came out and the stock price hit day's low of Rs 103.5. On yearly front, company's revenue from operation is up by 16.02 per cent to Rs 1386 crore, whereas the EBITDA has grown by 4.36 per cent to Rs 325 crore; and PAT is down by 3.73 per cent to Rs 182 crore.

The company mainly operates in two segments i.e. Home textile and Power. The home textile segment contributes to more than 95 per cent of the operating revenue and the rest is contributed by power segment. On yearly front the home textile segment has grown by 14.49 per cent and the power segment has grown by 24 per cent.

Meanwhile revenue from operation of the company is up by 6.04 per cent, whereas the EBITDA is up by 9.32 per cent , and PAT is up by 1.25 per cent on a quarterly basis.

Welspun India is an India based company engaged in the business of manufacturing of home textiles. The company is primarily into two products, namely Bed & Bath in home textiles. In the Bed category, they have Bed Linen, Basic Bedding and Decorative Bedding while in Bath they have Terry Towels, Rugs and Bathrobes.