Advertise Here [468 W x 60 H pixels]
Web Exclusive | August 2017

Welspun Q1 net down to Rs 128.56 cr

Textile firm Welspun India has reported a 38.39 per cent decline in consolidated net profit at Rs 128.56 crore for the June quarter due to lower income and higher expenses. The company had posted a net profit of Rs 208.68 crore for the same period of the previous fiscal, Welspun India said. Total income during the quarter under review stood at Rs 1,552.64 crore as against Rs 1,611.49 crore in the year ago period, down 3.65 per cent.

“The industry continues to face headwinds such as high raw material and energy costs coupled with rupee appreciation which may lead to time correction of 1-2 years in our vision announced last year,” Welspun Group Chairman BK Goenka said.

Total expenses of the company during the quarter was Rs 1,369.13 crore compared to Rs 1,317.48 crore in the corresponding period last fiscal, up 3.92 per cent. On the outlook, Goenka said: “We see good potential in the domestic market, especially with the introduction of GST. We are also gaining momentum in new channels such as hospitality and e-commerce.”
Post your comment
Name:  
Email:    
Comments:  
Verification Code:   Change Image


 
Advertise Here [728 W x 90 H pixels]
Arun Textile Engineers Pvt Ltd      Arvind Rub-Web Controls Ltd      Autotex Ancillaries Pvt Ltd      B & R Industrial Automation Pvt Ltd      Best Power Equipments India Pvt Ltd      Bharat Beams Pvt Ltd      Bharat Bijilee Ltd      Condair      Elgi Electric and Industries Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Fourwents Engineering Co.      Gandhi Automation Pvt Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Konica Electronics Enterprise      Labelmach      Lakshmi Card Clothing Mfg Co. Pvt Ltd      Lakshmi Machine works Ltd      Loepfe Brothers Ltd (Masterline)      Nestling Technologies      Peass Industrial Engineers Pvt Ltd      Prashant West Point Machinery Pvt. Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Savio Texcone (P) Ltd      SRE Corporation      Stakall      Staubli AG      Stovec Industries Ltd      Texfab Engineers (India) Pvt Ltd      The Southern Gujarat Chamber of Commerce and Industry      Thymas Electronics Pvt Ltd      Weavetech Engineering Pvt Ltd      Arun Textile Engineers Pvt Ltd      Arvind Rub-Web Controls Ltd      Autotex Ancillaries Pvt Ltd      B & R Industrial Automation Pvt Ltd      Best Power Equipments India Pvt Ltd      Bharat Beams Pvt Ltd      Bharat Bijilee Ltd      Condair      Elgi Electric and Industries Ltd      Embee Corporation      Eppinger Tooling Asia Pvt Ltd      Excel Traders      Fourwents Engineering Co.      Gandhi Automation Pvt Ltd      K.U. Sodalamuthu and Co. Pvt Ltd      Konica Electronics Enterprise      Labelmach      Lakshmi Card Clothing Mfg Co. Pvt Ltd      Lakshmi Machine works Ltd      Loepfe Brothers Ltd (Masterline)      Nestling Technologies      Peass Industrial Engineers Pvt Ltd      Prashant West Point Machinery Pvt. Ltd      Premier Evolvics Pvt Ltd      Rabatex Industries      Savio Texcone (P) Ltd      SRE Corporation      Stakall      Staubli AG      Stovec Industries Ltd      Texfab Engineers (India) Pvt Ltd      The Southern Gujarat Chamber of Commerce and Industry      Thymas Electronics Pvt Ltd      Weavetech Engineering Pvt Ltd