Welspun Corp to Delist From CSE, No Impact On Investors

Welspun Corp Ltd announced on Friday, March 21, 2025, that its board has approved the voluntary delisting of its equity shares from the Calcutta Stock Exchange (CSE). The decision was taken under Regulation 6 of the SEBI (Delisting of Equity Shares) Regulations, 2021, which does not mandate an exit opportunity for shareholders.

No Exit Opportunity Needed

As CSE lacks an active trading platform, investors will not require an exit opportunity. The company assured stakeholders that this move would not affect them, as Welspun Corp’s shares will continue to be listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), allowing nationwide trading access.

Strong Profit Growth Despite Revenue Decline

Welspun Corp reported a robust 127 per cent rise in net profit for the December 2024 quarter, reaching Rs 674.7 crore, compared to Rs 297.9 crore in the same quarter of the previous year. However, its revenue from operations fell by 23.9 per cent to Rs 3,613.5 crore from Rs 4,749.7 crore.

EBITDA Performance and Margins

The company’s EBITDA stood at Rs 434.4 crore in the December quarter, marking a 6.1 per cent decline from Rs 463 crore in the previous year. Despite this, the EBITDA margin improved to 12 per cent from 9.8 per cent, signaling better operational efficiency.

Stock Performance

Shares of Welspun Corp Ltd closed at Rs 879.55 on the BSE, registering a decline of Rs 8.00 or 0.92 per cent on Friday.