Welspun-Gujarat Stahl Rohren, the flagship company of Welspun Group today reported a decline of 37.34 per cent in its consolidated net profit at Rs 213.50 crore, over the same period last year.

The company had a net profit of Rs 340.78 crore for the same quarter ended March 2008, Welspun-Gujarat Stahl Rohren said in a filing to the Bombay Stock Exchange(BSE).

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The board of directors of the company declared a dividend of Rs 1.50 per share on the face value of Rs 5 each.

Shares of Welspun-Gujarat Stahl Rohren settled at Rs 168.85, up 0.60 per cent on the BSE.

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