Welspun Corp has reported results for the fourth quarter and year ended March 31, 2018.
The company has reported a fall of 85.72% in its net profit at Rs 21.80 crore for the quarter ended March 31, 2018 as compared to Rs 152.64 crore for the same quarter in the previous year. Total income of the company has decreased by 32.42% at Rs 1,228.89 crore for quarter under review as compared to Rs 1818.53 crore for the quarter ended March 31, 2017.
On consolidated basis, the company has reported a net loss of Rs 7.63 crore for the quarter ended March 31, 2018 as compared to a net profit of Rs 68.59 crore for the corresponding quarter in the FY17. Total income of the company declined 22.04% at Rs 1,693.58 crore for quarter under review as compared to Rs 2,172.49 crore for the same quarter ended previous year.
For the year ended March 31, 2018, the company has posted a fall of 27.93% in its net profit at Rs 125.82 crore as compared to Rs 174.59 crore for the same period in the previous year. However, total income of company increased 14.79% at Rs 5,390.12 crore for year under review as compared to Rs 4,695.62 crore for the period ended March 31, 2017.
For the year ended March 31, 2018, on the consolidated basis, the company has posted a rise of over 15 fold in its net profit at Rs 153.01 crore as compared to Rs 10.12 crore for the same period in the previous year. Total income of company has increased by 23.30% at Rs 7,718.54 crore for year under review as compared to Rs 6,260.07 crore for the period ended March 31, 2017.
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