Welspun India Q2 net up 33% at Rs 172 cr

Home textiles firm Welspun India today reported 32.69 per cent increase in consolidated net profit at Rs 172.35 crore for the second quarter ended September 30, 2015-16.
It had posted net profit of Rs 129.88 crore in the same period of last financial year, 2014-15.
The company's net sales in the quarter under review stood at Rs 1,336.92 crore, up 6.31 per cent, as against Rs 1,257.54 crore in same period last year, Welspun India said in a BSE filing.
Its overall expenses stood at Rs 1,189.77 crore, up 1.83 per cent, compared with Rs 1,168.32 crore in the same period last year.

In a separate filing, Welspun India Ltd said its Board of Directors has resolved to pay an interim dividend of Rs 6.50 per equity share for the financial year 2015-16.
Welspun India stock closed 0.53 per cent down at Rs 760.60 on the BSE.