Welspun Corp has registered a marginal rise of 0.42% in its consolidated net profit at Rs 118.55 crore for the fourth quarter ended March 31, 2012 as compared to Rs 118.06 crore in the same quarter of the last year. The net profit was impacted largely due to increase in total expenses and increased interest outgo.
The company’s consolidated net sales were up 24.16% to Rs 2,699.78 crore during the quarter as compared Rs 2,174.41 crore in the corresponding quarter previous year.
For the full year 2011-12, the company reported a consolidated net profit of Rs 238.54 crore, a massive decline of over 62% compared to Rs 633.03 crore of FY’11. The consolidated net sales of the company, however, were up 11.90% to Rs 8,976.58 crore in the last fiscal.
