Welspun Corp has reported results for first quarter ended June 30, 2020.
The company has reported over 3- fold jumps in its net profit of Rs 553.11 crore for the quarter under review as against Rs 153.79 crore for the same quarter in the previous year. However, total income of the company reported 2- fold jumps at Rs 1674.29 crore for Q1FY21 as compared Rs 832.49 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 56.06% fall in its net profit attributable to owners at Rs 51.89 crore for the quarter under review as against Rs 118.10 crore for the same quarter in the previous year. However, total income of the company decreased by 0.17% at Rs 2085.42 crore for Q1FY21 as compared Rs 2088.87 crore for the corresponding quarter previous year.
