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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

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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 net profit of Rs 18.16 crore in the corresponding quarter last year, Welspun India said in a filing to the BSE.

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 Welspun India today closed 0.09 per cent down at Rs 54 apiece on the BSE.

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.

 

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Results Calendar
Rss icon September 2014 Rss icon
Sun Mon Tue Wed Thu Fri Sat
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Results Tracker
Available for 3866 companies
Quarter Jun 2014 Jun 2013 % chg
Sales 1,749,155.74 1,585,001.17 10.36
Op. Profit 448,876.34 377,806.66 18.81
Net Profit 113,557.35 81,445.49 39.43
Figures in Rs crore
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