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News Details

05/11/2025 19:41

Welcast Steels posts Q2 net loss of Rs 3.23 cr

The company reported standalone net loss during the quarter stood at Rs 3.23 crore as compared to net loss of Rs 0.06 crore in the previous year quarter.

Net revenue of the company rose substantially by 26.12 per cent at Rs 20.47 crore in July-September quarter of this fiscal as against Rs 16.23 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 29.45 per cent to Rs 21.23 crore from Rs 16.40 crore in year ago period.

Other Income grew by 24.14 per cent at Rs 0.36 crore versus (Sep'24 Rs 0.29 crore).

Operating Profit surged by 241.18 per cent to Rs -0.58 crore as against Rs -0.17 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 162.62 per cent in September quarter.

Taxation increased by 700.00 per cent at Rs -0.16 crore (Sep'24 Rs -0.02 crore).