Welspun Enterprises has reported results for fourth quarter and year ended March 31, 2018.
The company has reported a rise of 59.10% in its net profit at Rs 28.24 crore for the quarter ended March 31, 2018 as compared to Rs 17.75 crore for the same quarter in the previous year. Total income of the company has increased by 96.84% to Rs 404.01 crore for quarter under review as compared to Rs 205.25 crore for the quarter ended March 31, 2017.
On consolidated basis, the company has reported around four-fold jump in its net profit at Rs 25.19 crore for the quarter ended March 31, 2018 as compared to Rs 6.69 crore for the corresponding quarter in the FY17. Total income of the company increased by two-folds at Rs 431.88 crore for quarter under review as compared to Rs 214.24 crore for the same quarter ended previous year.
For the year ended March 31, 2018, the company has posted over two-fold rise in its net profit at Rs 109.74 crore as compared to Rs 43.27 crore for the same period in the previous year. Total income of company increased by around three-folds at Rs 1092.76 crore for year under review as compared to Rs 389.36 crore for the period ended March 31, 2017.
For the year ended March 31, 2018, on the consolidated basis, the company has posted fourteen-fold rise in its net profit at Rs 69.44 crore as compared to Rs 4.96 crore for the same period in the previous year. Total income of company has increased by around three-folds at Rs 1,181.95 crore for year under review as compared to Rs 406.40 crore for the period ended March 31, 2017.
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