Welspun Gujarat Stahl Rohren Ltd (WGSRL), one of the leading pipe manufacturers in the world has reported an impressive growth of ~182% in its profitability for the quarter under review. The company reported PAT (on standalone basis) of Rs 127.7 crore in Q3FY10 as compared to Rs 45.3 crore recorded in the corresponding period of the previous year (Q2FY09). Revenues grew 4.4% at Rs 1,520.4 crore.
On consolidated basis which includes performance of its US subsidiary, the company has done even better, with revenues growing 13% at Rs 1,639.5 crore while PAT grew by 268% to Rs 166.8 crore. EBIDTA on consolidated basis stood at Rs 348.6 crore. OPM margins stood at strong 21.3%, 400 bps more than the margins derived from the Indian operations.