Welspun Corp has reported results for second quarter ended September 30, 2015.
The company has reported a net loss after tax of Rs 2.48 crore for the quarter ended September 30, 2015 as compared to net loss of Rs 11.58 crore for the same quarter in the previous year. The company’s total income has decreased by 19.75% to Rs 1044.19 crore for the quarter under review from Rs 1301.18 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported over 19 fold jump in its net profit after taxes, minority interest and share of profit of associates at Rs 101.09 crore for the quarter ended September 30, 2015 as compared to Rs 5.25 crore for the same quarter in the previous year. Total income of the company has increased by 3.83% at Rs 2533.16 crore for quarter under review as compared to Rs 2439.65 crore for the quarter ended September 30, 2014.
