Welspun India Q1 net profit jumps over four-fold to Rs 222.9 cr, Retail News, ET Retail

Davida Erdahl

New Delhi: Household textiles big Welspun India Ltd on Wednesday noted above four-fold jump in consolidated net financial gain at Rs 222.9 crore in the very first quarter finished June thirty on the back of powerful product sales. The company had posted a consolidated net financial gain of Rs fifty three.75 crore in the same time period past financial year, Welspun India stated in a regulatory submitting.

Consolidated full profits from operations stood at Rs 2,214.forty nine crore in the very first quarter. It was at Rs one,201.eight crore in the year-back time period.

Commenting on the functionality, Welspun Team Chairman BK Goenka stated, “The powerful development momentum which began in H2 of past FY continued in the latest fiscal year also.”

The development has been “wide-primarily based, marketplace-main volume development supported by our agile business product”, he additional.

Through the quarter, the company stated the house textile segment clocked

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