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Welspun India reports 67% fall in Q1 consolidated net profit

25 Jul 2020 Evaluate

Welspun India has reported results for first quarter ended June 30, 2020.

The company has reported 64.63% fall in its net profit of Rs 54.75 crore for the quarter under review as against Rs 154.81 crore for the same quarter in the previous year. Total income of the company decreased 32.17% at Rs 979.71 crore for Q1FY21 as compared Rs 1444.26 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 67.28% fall in its net profit attributable to owners at Rs 49.09 crore for the quarter under review as against Rs 150.04 crore for the same quarter in the previous year. Total income of the company decreased by 29.96% at Rs 1216.04 crore for Q1FY21 as compared Rs 1736.29 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Vardhman Textiles 511.90
Welspun Living 211.90
Arvind 494.75
Raymond Lifestyle 554.70
K.P.R. Mill 1030.30
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