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Welspun India Q1 net profit soars over two-fold

Net income during the first quarter also went up by 36.59% to Rs 748.71 cr

Press Trust of India 

Textile firm today reported an over two-fold increase in consolidated for the quarter ended June 30 at Rs 37.70 crore.

The company had posted a of Rs 18.16 crore in the corresponding quarter last year, said in a filing to the

The net income during the first quarter also went up by 36.59 per cent to Rs 748.71 crore from Rs 548.15 crore in the year-ago period, it added.

Shares of today closed 0.09 per cent down at Rs 54 apiece on the

Another group firm, Welspun Global Brands had yesterday reported a consolidated profit after tax of Rs 10.5 crore in the first quarter compared to Rs 70 lakh in the same period last year.

Consolidated sales of the firm stood at Rs 910 crore as against Rs 625.9 crore in the year-ago period.


First Published: Thu, August 09 2012. 18:31 IST