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Welspun reports 39% fall in Q3 consolidated net profit

04 Feb 2019 Evaluate

Welspun India has reported results for third quarter ended December 31, 2018.

The company has reported a fall of 55.10% in its net profit at Rs 38.06 crore for the quarter under review as compared to Rs 84.77 crore for the same quarter in the previous year. However, total income of the company increased by 12.30% at Rs 1335.77 crore for Q3FY19 as compared Rs 1189.51 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 39.15% in its net profit at Rs 47.11 crore for the quarter under review as compared to Rs 77.42 crore for the same quarter in the previous year. However, total income of the company increased by 17.19% at Rs 1657.37 crore for Q3FY19 as compared Rs 1414.30 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Vardhman Textiles 569.45
Welspun Living 224.55
Arvind 556.70
Raymond Lifestyle 689.30
K.P.R. Mill 1133.50
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