Welspun India Q4 net jumps 83% to Rs 98.66 crore

Welspun India today reported over 83% jump in its net profit at Rs 98.66 crore for the quarter ended March 31 on the back of rising income.

The company had reported a net profit of Rs 53.83 crore in the same period of last financial year (2012-13), Welspun India said in a regulatory filing to the stock exchanges.

The company's total income from operations rose to Rs 934.02 crore from Rs 732.59 crore in the corresponding period.

There was a tax benefit to the tune of Rs 35.47 crore as against an outgo of Rs 41.42 crore in the same quarter of last fiscal, it said.

The company's net profit for the financial year 2013-14 was down to Rs 29.83 crore from Rs 171.40 crore in the previous fiscal (2012-13).

Welspun India is a home textile manufacturer with production facilities across the country and a distribution network in 32 countries.

The company's shares were trading at Rs 139, up 4.87%, on the BSE.