Welspun India Q1 results

Mumbai: Welspun India, the flagship company of US $ 2.3 billion Welspun Group, has announced its consolidated financial results for the first quarter ended June 30, 2018.Mumbai: Welspun India, the flagship company of US $ 2.3 billion Welspun Group, has announced its consolidated financial results for the first quarter ended June 30, 2018.

During the period under review, the home textile supplier reported just 2 per cent increase in its net profit to Rs 127 crore as compared to net profit of Rs 124 crore in the corresponding period last year.

The total income during the first quarter of the current financial year increased 25 per cent year on year basis to Rs. 20,234 million. Despite a disappointing first quarter, Welspun is hopeful of good results in the year ahead. This is evident from the strong order booking during the quarter. It also expects acceleration in international demand towards the end of FY 2018.

Welspun is amongst the largest home textile manufacturers in the world and caters to top retail stores across 50 countries and largest exporter of home textile products from India.