Welspun-Gujarat Stahl Rohren, the flagship company of Welspun Group today reported a decline of 37.34 per cent in its consolidated net profit at Rs 213.50 crore, over the same period last year.
The company had a net profit of Rs 340.78 crore for the same quarter ended March 2008, Welspun-Gujarat Stahl Rohren said in a filing to the Bombay Stock Exchange(BSE).
Net sales of the company rose to Rs 5,739.53 crore for the year under review, compared to Rs 3,994.45 crore for the same period previous fiscal.
The board of directors of the company declared a dividend of Rs 1.50 per share on the face value of Rs 5 each.
Shares of Welspun-Gujarat Stahl Rohren settled at Rs 168.85, up 0.60 per cent on the BSE.