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HomeNewsBusinessEarningsWelspun net up 18% to Rs 114.8 cr

Welspun net up 18% to Rs 114.8 cr

The company's total income grew 10.30 percent to Rs 1,797.8 crore during the quarter.

October 22, 2018 / 22:06 IST
We are in the last phase of the September quarter earnings season, and the results announced by the BSE 500 companies so far have shown signs of a sharp recovery, as compared to the June quarter, when the economic activity in the country was compromised due to lockdown in various regions. From the BSE 500 list, 216 companies have announced their September quarter results so far. We excluded banking and financial companies.  Along with the index stocks we also analyse each sector quarterly earnings. (Data Source: ACE Equity)
     
     
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    Welspun India reported an 18.84 percent growth in profit after tax at Rs 114.8 crore for the September quarter.

    The company's total income grew 10.30 percent to Rs 1,797.8 crore during the quarter.

    "We see an uptick in US retail sales and this is translating into higher volume growth for us. All the basic building blocks for significant share of B2C business are in place and our retail business is gathering momentum. We continue to pursue our differentiation strategy based on branding, innovation and sustainability," Welspun group chairman BK Goenka said in a statement.

    first published: Oct 22, 2018 09:55 pm

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