Strong Q1 for Welspun India
  • WebDesk BTVI
  • Jul 30 2019

Textile firm Welspun India reported a 17.9% rise in consolidated net profit at ? 150 crore, as against ? 127.2 crore in the year ago period. Consolidated revenue during the June quarter stood at ? 1,736.3 crore, up 10%, as against ? 1,577.8 6 crore in the year ago period. Altaf Jiwani, Director, CFO, says they had set the double digit target as guidance since the starting of this quarter, further says their core business has generated substantial cash flow and it resulted in net debt reduction.