Walchandnagar Industries’ Q4 FY19 revenue performance is primarily in line with the company’s strategy of maximizing revenue from its core manufacturing business i.e. approximately 83% of the operating revenue in Q4 FY19 which has come from the core manufacturing business of the company comprising strategic sectors like Aerospace, Missiles, Defence, Nuclear, Gear and Centrifugals as compared to 78% in Q3 FY19.The overall operating revenues in Q4 FY19 compared to Q3FY19 increased by 3.4%, while revenues from core businesses grew by 10.6%.
Walchandnagar Industries is a high-tech heavy engineering company, manufacturing critical equipment for India’s diverse requirements in the field of defence, nuclear power and space programmes.