You are here: Home » Companies » News
Business Standard

Welspun India's Q2 consolidated net profit up by over 21% to Rs 1.21 bn

The company's Q2 revenue from operations increased to Rs 17.79 billion from Rs 16.06 billion earned in the second quarter of previous fiscal

Topics
Welspun  |  Welspun India

IANS  |  Mumbai 

Welspun

Home textiles firm India on Monday reported a rise of 21.38 per cent in its consolidated net profit for the second quarter (Q2) of 2018-19.

As per the company's regulatory filing to the BSE, the consolidated net profit during the period under review rose to Rs 1.21 billion from Rs 1 billion reported for the corresponding period of the previous financial year.

The company's Q2 revenue from operations increased to Rs 17.79 billion from Rs 16.06 billion earned in the second quarter of previous fiscal.

According to the filing, the company's standalone net profit rose to Rs 596.2 million from Rs 587.1 million reported for the corresponding period of the previous financial year.

"We see an uptick in US retail sales and this is translating into higher volume growth for us. All the basic building blocks for significant share of B2C business are in place and our retail business is gathering momentum," said B.K. Goenka, Chairman, Group.

"We continue to pursue our differentiation strategy based on branding, innovation and sustainability."

 

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Mon, October 22 2018. 22:46 IST
RECOMMENDED FOR YOU
.