Pipe maker Welspun Corp Ltd on Wednesday reported over twofold jump in its consolidated net profit to Rs 126.13 crore for the first quarter ended June 30.
The company had reported a net profit of Rs 49.66 crore for the June 2018 quarter, Welspun Corp said in a BSE filing.
Its total income rose 23.75 per cent to Rs 2,088.87 crore during the quarter, compared with Rs 1,687.95 crore in the corresponding quarter of the previous financial year.
Welspun Group Chairman B K Goenka said, "We have started seeing a significant improvement in our financial results as envisaged. With all three geographies showing traction, we are confident that our performance will further improve in the subsequent quarters from the current levels."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app