Home Fashion Welspun India’s Q3 consolidated net falls 47 pc

Welspun India’s Q3 consolidated net falls 47 pc

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Home textiles firm on Tuesday reported a 47.08 percent fall in its consolidated net profit to Rs 79.51 crore during the third quarter (Q3) of 2017-18.

Welspun India's Q3 consolidated net falls 47 pc
The consolidated net profit of the company fell to Rs 79.51 crore from Rs 150.24 crore reported in the Q3 of 2016-17

The consolidated net profit of the company fell to Rs 79.51 crore from Rs 150.24 crore reported in the Q3 of 2016-17, the company said in a regulatory filing to the BSE.

The company reported a total income of Rs 1,414.30 crore during the quarter under review, down 7.07 per cent from Rs 1,521.82 crore earned in the corresponding period of FY17.

The stand-alone net profit of Welspun India stood at Rs 84.77 crore in Q3, FY18, down 29.18 per cent from Rs 119.69 crore reported in Q3, FY17.