Welspun Enterprises has posted a net profit of ₹70 crore for the second quarter, reflecting a year-on-year increase of 7.7% from ₹65 crore.

Revenue surged by 22.1% to ₹788.5 crore, up from ₹645.7 crore in the same quarter last year.

Welspun is an infrastructure development company focusing primarily on Transportation, Water and Wastewater and Tunnelling segments. The company also has investments in Oil & Gas exploration. The company has undertaken various water supply projects and over 1,000 kilometres of road projects.

The company’s EBITDA rose 21.7% to ₹100.5 crore, compared to ₹82.6 crore a year earlier. However, the EBITDA margin slightly decreased to 12.7% from 12.8% year-on-year.

In a separate announcement, Welspun Enterprises announced the appointment of Abhishek Chaudhary as CEO, effective November 4, 2024.

Shares of Welspun Enterprises fell 4.6% to close at ₹488.10 on Tuesday.

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