Quarterly Result24 Jul 2026, 02:16 pm
Welspun Corp Declares Unaudited Q1 FY27 Results
AI Summary
Welspun Corp Limited announced its unaudited financial results for the quarter ended June 30, 2026. The Board of Directors also approved an investment of ₹26,000 for a new Indian subsidiary and the acquisition of an additional 51% equity stake in Welspun Captive Power Generation Limited (WCPGL) from Welspun Living Limited. This acquisition, for a consideration of ₹67.66 Crores, will increase Welspun Corp's stake in WCPGL from 23% to 74%, making it a subsidiary. The results were reviewed by the Audit Committee and approved by the Board.
Key Highlights
- Unaudited standalone and consolidated financial results for Q1 FY27 declared.
- Board approved investment of ₹26,000 in a new Indian company.
- Acquisition of 51% stake in WCPGL for ₹67.66 Crores approved.
- WCPGL will become a subsidiary post-acquisition, increasing stake to 74%.
Price Impact
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