Welspun Living Shares Surge 11% After Strong Q2 Results
Welspun Living’s revenue rose 16.3% to ₹2,838 crore and EBITDA climbed 120.5% to ₹338 crore. EBITDA margin expanded 563 basis points to 11.9%; the company reiterated its double-digit revenue growth target.
Shares of Welspun Living climbed nearly 11% on Monday, November 2, after the company reported strong earnings in the second quarter.Its revenue increased 16.3% to ₹2,838 crore, while its EBITDA surged 120.5% to ₹338 crore.Its EBITDA margin expanded by 563 basis points to 11.9% and was aided by reve…