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Welspun Projects net profit declines 37.40% in the March 2014 quarter

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Capital Market

Sales decline 24.16% to Rs 71.76 crore

Net profit of Welspun Projects declined 37.40% to Rs 13.17 crore in the quarter ended March 2014 as against Rs 21.04 crore during the previous quarter ended March 2013. Sales declined 24.16% to Rs 71.76 crore in the quarter ended March 2014 as against Rs 94.62 crore during the previous quarter ended March 2013.

For the full year,net loss reported to Rs 58.23 crore in the year ended March 2014 as against net profit of Rs 5.46 crore during the previous year ended March 2013. Sales declined 23.62% to Rs 202.27 crore in the year ended March 2014 as against Rs 264.81 crore during the previous year ended March 2013.

 
ParticularsQuarter EndedYear EndedMar. 2014Mar. 2013% Var.Mar. 2014Mar. 2013% Var.Sales71.7694.62 -24 202.27264.81 -24 OPM %-19.7073.31 --12.1526.33 - PBDT8.7566.96 -87 -4.1964.27 PL PBT0.9420.30 -95 -31.714.57 PL NP13.1721.04 -37 -58.235.46 PL

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First Published: May 21 2014 | 8:11 AM IST

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