Welspun Corp Q1 consolidated net profit jumps 80% to Rs 97.28 crore
Welspun Corp on Thursday reported an over 80 per cent surge in consolidated net profit to Rs 97.28 crore for the first quarter ended June 30.
The company had registered a net profit of Rs 53.92 crore in the year-ago period.
However, its total income in the quarter under review fell to Rs 1,336.49 crore from Rs 2,085.42 crore a year ago, Welspun Corp Limited said in a BSE filing.
The company’s expenses in the said quarter declined to Rs 1,205.53 crore, as compared to Rs 1,970.16 crore in the April-June quarter of the preceding fiscal.
In a statement, Welspun Group Chairman B K Goenka said, “Our performance has been stable despite the second wave of the COVID-19 pandemic.
