The funds will be raised via a preferential issue on a private placement basis, with each warrant priced at ₹525.
Shares of Welspun Enterprises Ltd. gained as much as 10% on Wednesday, October 15, after the company approved a proposal to raise up to ₹1,000 crore through the issuance of convertible warrants.
The funds will be raised via a preferential issue on a private placement basis, with each warrant priced at ₹525.
In the last quarter, the company reported consolidated net profit of 30% year-on-year to ₹100.3 crore.
Revenue rose 24% YoY to ₹1,021.5 crore, compared to ₹823 crore in the corresponding quarter last year.
EBITDA surged 35% to ₹152.62 crore, while operating margins improved to 14.94% from 13.74% a year ago.
The company had seen a rise in finance costs, which stood at ₹43.6 crore in Q4FY25 versus ₹28.4 crore in the year-ago quarter.
At present, Welspun Enterprises shares are trading 6% higher at ₹559.45. The stock has declined 7% so far in 2025.
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