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Welspun Corp consolidated net profit rises 425.19% in the March 2017 quarter

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Capital Market

Sales rise 2.10% to Rs 1922.18 crore

Net profit of Welspun Corp rose 425.19% to Rs 68.59 crore in the quarter ended March 2017 as against Rs 13.06 crore during the previous quarter ended March 2016. Sales rose 2.10% to Rs 1922.18 crore in the quarter ended March 2017 as against Rs 1882.64 crore during the previous quarter ended March 2016.

For the full year,net profit declined 94.35% to Rs 10.12 crore in the year ended March 2017 as against Rs 179.27 crore during the previous year ended March 2016. Sales declined 20.06% to Rs 5626.65 crore in the year ended March 2017 as against Rs 7038.25 crore during the previous year ended March 2016.

 
ParticularsQuarter EndedYear EndedMar. 2017Mar. 2016% Var.Mar. 2017Mar. 2016% Var.Sales1922.181882.64 2 5626.657038.25 -20 OPM %9.069.05 -7.7010.98 - PBDT213.72125.07 71 422.00644.96 -35 PBT121.8227.63 341 35.92258.48 -86 NP68.5913.06 425 10.12179.27 -94

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First Published: May 08 2017 | 4:38 PM IST

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