Welspun Living Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
January 31, 2024 at 03:57 am EST
Share
Welspun Living Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 24,108.7 million compared to INR 18,691.5 million a year ago. Revenue was INR 24,538.8 million compared to INR 19,040.5 million a year ago. Net income was INR 1,767.8 million compared to INR 423.8 million a year ago. Basic earnings per share from continuing operations was INR 1.84 compared to INR 0.43 a year ago. Diluted earnings per share from continuing operations was INR 1.84 compared to INR 0.43 a year ago.
For the nine months, sales was INR 71,040 million compared to INR 59,398.6 million a year ago. Revenue was INR 72,083.5 million compared to INR 60,196.3 million a year ago. Net income was INR 5,351 million compared to INR 734.4 million a year ago. Basic earnings per share from continuing operations was INR 5.54 compared to INR 0.74 a year ago. Diluted earnings per share from continuing operations was INR 5.54 compared to INR 0.74 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 
