Welspun India reports 67% fall in Q1 consolidated net profit
25th Jul 2020

Welspun India has reported results for first quarter ended June 30, 2020.

The company has reported 64.63% fall in its net profit of Rs 54.75 crore for the quarter under review as against Rs 154.81 crore for the same quarter in the previous year. Total income of the company decreased 32.17% at Rs 979.71 crore for Q1FY21 as compared Rs 1444.26 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 67.28% fall in its net profit attributable to owners at Rs 49.09 crore for the quarter under review as against Rs 150.04 crore for the same quarter in the previous year. Total income of the company decreased by 29.96% at Rs 1216.04 crore for Q1FY21 as compared Rs 1736.29 crore for the corresponding quarter previous year.