India: Welspun’s pipe sales edge down 28% on year in Q2 FY’22

Welspun Corp has announced its consolidated financial results for the quarter ended 30 Sep’21. Total pipe sales were recorded at 180 KMT in Q2 FY’22, down 28%, y-o-y, against 249 KMT in the year-ago period.

• The current global order book stands at 579 KMT valued at INR 4,900 cr.
• EBITDA at INR 195 cr and PAT at INR 85 cr in Q2.