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Welspun Corp turns black in Q1FY16

21 Jul 2015 Evaluate

Welspun Corp has reported results for first quarter ended June 30, 2015.

The company has reported a net loss of Rs 3.30 crore for the quarter ended June 30, 2015 as compared to a net loss of Rs 68.81 crore for the same quarter in the previous year. The company’s total income has jumped two fold to Rs 1375.80 crore for the quarter under review from Rs 687.24 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported a net profit after taxes, minority interest and share of profit / (loss) of associates at Rs 16.39 crore for the quarter ended June 30, 2015 as compared to a net loss of Rs 97.48 crore for the same quarter in the previous year. Total income of the company has increased by 34.64% at Rs 1970.10 crore for quarter under review as compared to Rs 1463.20 crore for the quarter ended June 30, 2014.

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