Welspun India Q1 net profit jumps over four-fold to Rs 222.9 cr

New Delhi: Home textiles big Welspun India Ltd on Wednesday noted around 4-fold jump in consolidated net revenue at Rs 222.9 crore in the first quarter finished June thirty on the back of potent profits. The organization experienced posted a consolidated net revenue of Rs fifty three.seventy five crore in the exact same period of time previous money year, Welspun India said in a regulatory filing.

Consolidated whole revenue from operations stood at Rs 2,214.49 crore in the first quarter. It was at Rs 1,201.8 crore in the year-in the past period of time.

Commenting on the effectiveness, Welspun Group Chairman BK Goenka said, “The potent advancement momentum which started off in H2 of previous FY ongoing in the current fiscal year also.”

The advancement has been “broad-based mostly, industry-leading quantity advancement supported by our agile business design”, he added.

In the course of the quarter, the organization said the

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