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Welspun India reports 96% fall in Q2 consolidated net profit

09 Nov 2022 Evaluate

Welspun India has reported results for second quarter ended September 30, 2022.

The company has reported a fall of 93.82% in its net profit at Rs 7.84 crore for the quarter under review as compared to Rs 126.92 crore for the same quarter in the previous year. Total income of the company decreased by 13.55% at Rs 1557.63 crore for Q2FY23 as compared Rs 1801.75 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported fall of 95.87% in its net profit at Rs 8.33 crore for the quarter under review as compared to Rs 201.50 crore for the same quarter in the previous year. Total income of the company decreased by 14.58% at Rs 2136.59 crore for Q2FY23 as compared Rs 2501.39 crore for the corresponding quarter previous year.

Peers
Company Name CMP
Vardhman Textiles 567.35
Welspun Living 207.80
Arvind 575.25
Raymond Lifestyle 693.70
K.P.R. Mill 1109.40
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