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Welspun India reports 19% rise in Q2 consolidated net profit

Welspun India reports 19% rise in Q2 consolidated net profit

Welspun India has reported results for second quarter ended September 30, 2018.

The company has reported a marginal rise of 1.55% in its net profit at Rs 59.62 crore for the quarter under review as compared to Rs 58.71 crore for the same quarter in the previous year. Total income of the company increased by 17.95% at Rs 1,498.26 crore for Q2FY19 as compared Rs 1,270.29 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 18.79% in its net profit at Rs 114.80 crore for the quarter under review as compared to Rs 96.64 crore for the same quarter in the previous year. Total income of the company increased by 10.30% at Rs 1,797.79 crore for Q2FY19 as compared Rs 1,629.93 crore for the corresponding quarter previous year.