Textiles manufacturer Welspun India today reported a decline of 34.16 per cent in net profit to Rs 19.32 crore for the fourth quarter ended March 31, 2010, compared to the same period last fiscal.
Total income of the company rose to Rs 468.79 crore in the quarter ended March 31, up 40 per cent, from Rs 332.69 crore in the corresponding period of the previous year.
The board of directors has proposed a dividend of Re 1 per share, or 10 per cent of the face value of Rs 10 each, to shareholders.
For the year ended March 31, 2010, the company reported a net profit of Rs 161.48 crore, compared to a net loss of Rs 57.61 crore in FY'09.
Shares of Welspun India were trading at Rs 92.35 on the BSE, up 5 per cent from the previous close.
