>Welspun Gujarat (MF Global)

Welspun Gujarat Stahl Rohren (WGS IN)
Good Performance during the quarter

The results of Welspun Gujarat (Welspun), for Q2FY09
have been better than our estimates at the top line and lower
at the bottom line due to the MTM forex loss.
· Top line growth of 60.9% YoY
· EBIDTA marred by the forex re-alignment
· Reported PAT lower, but the Adjusted PAT shows good growth
· Robust Order Backlog of Rs 90bn

Read full report here Welspun Gujarat