Published on 2/06/2020 11:27:31 AM | Source: Dion Global Solutions Ltd

Welspun Enterprises Q4 net profit up 5.31% at Rs 48.77 cr

Posted in Stock Market| #Stock Market #Quarterly Result

Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel 

Download Telegram App before Joining the Channel

The company reported standalone net profit of Rs 48.77 crore for the quarter ended March 31, 2020 as compared to Rs 46.31 crore in the same period last year, registering a year-on-year growth of 5.31 per cent.

Net revenue of the company declined substantially by 36.62 per cent at Rs 450.43 crore in January-March quarter of this fiscal as against Rs 710.73 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 37.26 per cent to Rs 391.24 crore from Rs 623.63 crore in year ago period.

Other Income grew by 290.93 per cent at Rs 15.09 crore versus (Mar'19 Rs 3.86 crore). Operating Profit slipped by 32.04 per cent to Rs 59.19 crore as against Rs 87.10 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 7.18 per cent in March quarter. Interest grew by 156.06 per cent y-o-y to Rs 7.40 crore, while Taxation decreased by 63.07 per cent at Rs 14.19 crore (Mar'19 Rs 38.42 crore).