Welspun Corp has reported results for the fourth quarter and year ended March 31, 2019.
The company has reported a net loss of Rs 280.79 crore for the quarter ended March 31, 2019 against net profit of Rs 21.80 crore for the same quarter in the previous year. However, total income of the company increased by 44.85% at Rs 1,225.89 crore for quarter under review as compared to Rs 846.33 crore for the quarter ended March 31, 2018.
On consolidated basis, the company has reported a net loss of Rs 149.03 crore for the quarter ended March 31, 2019 as compared net loss of Rs 7.63 crore for the corresponding quarter in the FY18. However, total consolidated income of the company jump 2-fold at Rs 2,765.26 crore for quarter under review as compared to Rs 1,311.02 crore for the same quarter ended previous year.
For the year ended March 31, 2019, the company has posted a net loss of Rs 277.20 crore against net profit of Rs 125.83 crore for the previous year. However, total income of company increased marginally by 2.36% at Rs 4,262.06 crore for year under review as compared to Rs 4,163.70 crore for year ended March 31, 2018.
For the year ended March 31, 2019, on the consolidated basis, the company has posted a net loss of Rs 21.64 crore as against net profit of Rs 153.01 crore for the previous year. However, total income of company increased by 39.99% at Rs 9,088.12 crore for year under review as compared to Rs 6,492.12 crore for year ended March 31, 2018.
