Gujarat-based Welspun Living Ltd reported a steep 99.8 per cent decline in consolidated internet profit for the third quarter of FY26, dragged by subdued demand in its home textiles and flooring segments. Profit attributable to the homeowners fell to ₹0.21 crore, down from ₹120.83 crore in the identical quarter final yr.
Income from operations additionally dipped 9 per cent to ₹2,262 crore. The home textiles section noticed a 4.7 per cent drop, whereas the flooring enterprise recorded a sharper decline of 20.4 per cent. On the company entrance, the board has authorized the redemption of 13,89,575 zero per cent Redeemable Choice Shares (RPS) at a problem worth of ₹1,000 per share, issued by Welspun International Manufacturers Ltd, a subsidiary of the corporate, in keeping with the phrases of challenge.
Throughout the quarter, the corporate’s belief offered 62,65,566 unappropriated shares as per SEBI (Share Primarily based Worker Advantages and Sweat Fairness) Laws, 2021, producing a internet acquire of ₹29.08 crore (after tax ₹5.11 crore), which has been accounted within the common reserve. The group additionally flagged the impression of the brand new Labour Codes, which resulted in a rise in gratuity and go away liabilities by ₹18.97 crore.
BK Goenka, Chairman of Welspun Group, stated in an official launch, “At Welspun Living, our deep, long-standing relationships with world clients has helped us retain enterprise in a difficult atmosphere. The Authorities of India’s proactive assist and development of landmark FTAs with the US, EU and the UK are reshaping India’s world commerce place and opening significant long-term alternatives for textile sector.”
Printed on February 12, 2026
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