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Welspun India reports 4- fold jump in Q1 consolidated net profit

28 Jul 2021 Evaluate

Welspun India has reported results for first quarter ended June 30, 2021.

The company has reported 3- fold jump in its net profit at Rs 168.05 crore for the quarter under review as compared to net profit of Rs 54.75 crore for the same quarter in the previous year. Total income of the company increased by 78.38% at Rs 1747.64 crore for Q1FY22 as compared Rs 979.71 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 4- fold jump in its net profit attributable to owners at Rs 217.53 crore for the quarter under review as compared to net profit of Rs 49.09 crore for the same quarter in the previous year. Total income of the company increased by 83.15% at Rs 2227.22 crore for Q1FY22 as compared Rs 1216.04 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Vardhman Textiles 565.65
Welspun Living 222.90
Arvind 566.15
Raymond Lifestyle 688.20
K.P.R. Mill 1114.50
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