Welspun trades in green despite reporting consolidated net loss of Rs 78 crore in Q4 | | Udaipur News | Udaipur Latest News | udaipur local news । Udaipur Updates
Home / BUSINESS / Welspun trades in green despite reporting consolidated net loss of Rs 78 crore in Q4

Welspun trades in green despite reporting consolidated net loss of Rs 78 crore in Q4

Welspun India is currently trading at Rs. 57.70, up by 2.75 points or 5.00% from its previous closing of Rs. 54.95 on the BSE. The scrip opened at Rs. 55.55 and has touched a high and low of Rs. 58.65 and Rs. 54.25 respectively. So far 337777 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 78.20 on 07-Sep-2018 and a 52 week low of Rs. 46.25 on 18-Feb-2019. Last one week high and low of the scrip stood at Rs. 58.65 and Rs. 52.05 respectively. The current market cap of the company is Rs. 5782.19 crore. The promoters holding in the company stood at 68.48%, while Institutions and Non-Institutions held 18.61% and 12.91% respectively.

The company has reported a net loss of Rs 43.70 crore for the quarter ended March 31, 2019 against net profit of Rs 72.78 crore for the same quarter in the previous year. However, total income of the company increased by 4.09 % at Rs 1,301.69 crore for Q4FY19 as compared Rs 1,250.57 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a net loss of Rs 78.43 crore for the quarter under review against net profit of Rs 89.86 crore for the same quarter in the previous year. However, total income of the company increased by 4.30% at Rs 1,600.94 crore for Q4FY19 as compared Rs 1,534.92 crore for the corresponding quarter previous year.

For the year ended March 31, 2019, the company has reported a fall of 53.38% in its net profit at Rs 141.77 crore as compared to Rs 304.10 crore for the previous year. However, total income of the company increased by 8.45% at Rs 5,478.31 crore for year under review as compared to Rs 5,051.42 crore for year ended March 31, 2018.

For the year ended March 31, 2019, on the consolidated basis, the company has reported a fall of 43.20 % in its net profit at Rs 226.17 crore as compared to Rs 398.18 crore for the previous year. However, total income of the company increased by 7.77% at Rs 6,608.44 crore for year under review as compared to Rs 6,131.79 crore for year ended March 31, 2018.

Please share this news