Published on 29/06/2020 4:59:22 PM | Source: Dion Global Solutions Ltd

Welspun India posts Q4 net profit of Rs 59.82 cr

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The company reported standalone net profit during the quarter stood at Rs 59.82 crore compared to net loss of Rs 43.70 crore in the previous year quarter. Net revenue of the company declined by 5.78 per cent at Rs 1,184.72 crore in January-March quarter of this fiscal as against Rs 1,257.42 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 8.62 per cent to Rs 1,008.79 crore from Rs 1,103.96 crore in year ago period. Other Income dipped by 74.54 per cent at Rs 11.27 crore versus (Mar'19 Rs 44.27 crore). Operating Profit surged by 14.64 per cent to Rs 175.93 crore as against Rs 153.46 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 21.72 per cent in March quarter. Interest grew by 15.13 per cent y-o-y to Rs 31.58 crore, while Taxation decreased by 97.18 per cent at Rs -1.53 crore (Mar'19 Rs -54.22 crore).