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Welspun India reports 90% fall in Q1 consolidated net profit

28 Jul 2022 Evaluate

Welspun India has reported results for first quarter ended June 30, 2022.

The company has reported a fall of 91.25% in its net profit at Rs 14.70 crore for the quarter under review as compared to Rs 168.05 crore for the same quarter in the previous year. Total income of the company decreased by 19.47% at Rs 1,407.33 crore for Q1FY23 as compared Rs 1,747.64 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 90.42% in its net profit at Rs 21.36 crore for the quarter under review as compared to Rs 222.90 crore for the same quarter in the previous year. Total income of the company decreased by 11.15% at Rs 1,978.99 crore for Q1FY23 as compared Rs 2,227.22 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Vardhman Textiles 554.05
Welspun Living 224.70
Arvind 550.00
Raymond Lifestyle 687.50
K.P.R. Mill 1108.00
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