Welspun Living Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 25, 2023 at 04:14 am EDT
Share
Welspun Living Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 25,090.8 million compared to INR 21,134.6 million a year ago. Revenue was INR 25,423.7 million compared to INR 21,355.9 million a year ago. Net income was INR 1,967.2 million compared to INR 86.7 million a year ago. Basic earnings per share from continuing operations was INR 2.04 compared to INR 0.08 a year ago. Diluted earnings per share from continuing operations was INR 2.04 compared to INR 0.08 a year ago.
For the six months, sales was INR 46,931.3 million compared to INR 40,707.1 million a year ago. Revenue was INR 47,544.7 million compared to INR 41,155.8 million a year ago. Net income was INR 3,583.2 million compared to INR 310.6 million a year ago. Basic earnings per share from continuing operations was INR 3.7 compared to INR 0.31 a year ago. Diluted earnings per share from continuing operations was INR 3.7 compared to INR 0.31 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 
