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Welspun Corp standalone net profit declines 85.74% in the March 2018 quarter

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Capital Market

Sales decline 29.03% to Rs 1135.89 crore

Net profit of Welspun Corp declined 85.74% to Rs 21.80 crore in the quarter ended March 2018 as against Rs 152.84 crore during the previous quarter ended March 2017. Sales declined 29.03% to Rs 1135.89 crore in the quarter ended March 2018 as against Rs 1600.59 crore during the previous quarter ended March 2017.

For the full year,net profit declined 27.93% to Rs 125.82 crore in the year ended March 2018 as against Rs 174.59 crore during the previous year ended March 2017. Sales rose 20.15% to Rs 4957.25 crore in the year ended March 2018 as against Rs 4126.05 crore during the previous year ended March 2017.

 
ParticularsQuarter EndedYear EndedMar. 2018Mar. 2017% Var.Mar. 2018Mar. 2017% Var.Sales1135.891600.59 -29 4957.254126.05 20 OPM %7.5415.11 -9.0612.17 - PBDT93.19296.53 -69 433.38508.03 -15 PBT37.33234.61 -84 195.85263.78 -26 NP21.80152.84 -86 125.82174.59 -28

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First Published: May 02 2018 | 5:40 PM IST

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