Welspun India Q3 Net jumps 31 per cent to Rs 143.56 crore

Welspun India today reported a jump of 31.12 per cent in its consolidated net profit to Rs 143.56 crore for the third quarter ended December 31, 2014.
The company had reported a consolidated net profit of Rs 109.48 crore in the October-December quarter of previous fiscal, Welspun India said in a filing with BSE.
Total consolidated sales during the quarter under review increased by 22.03 per cent to Rs 1,345.92 crore as against Rs 1,102.86 crore in the corresponding period last fiscal.
"We continue on our growth journey achieving new milestones and scaling new heights. We have successfully commissioned our spinning plant during the quarter which would help us consolidate our leadership position in the industry," Welspun India Chairman B K Goenka said.

On the outlook, he said:"Our focus over the new few quarters will be to increase our branded sales, especially in India as well as to improve our share of sale from innovative products".
Shares of Welspun India today closed at Rs 358.45 per scrip on the BSE, up 2.49 per cent from their previous close.