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Published on 17/05/2018 5:50:30 PM | Source: Dion Global Solutions Ltd

Welspun India Q4 net profit down 53.68% at Rs 72.78 cr

The company reported standalone net profit of Rs 72.78 crore for the quarter ended March 31, 2018 as compared to Rs 157.14 crore in the same period last year, registering a year-on-year decline of 53.68 per cent. Net revenue of the company declined moderately by 6.65 per cent at Rs 1,237.14 crore in January-March quarter of this fiscal as against Rs 1,325.24 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 9.68 per cent to Rs 1,007.10 crore from Rs 1,115.08 crore in year ago period.

Other Income grew by 40.78 per cent at Rs 13.43 crore versus (Mar'17 Rs 9.54 crore). Operating Profit slipped by 36.64 per cent to Rs 230.04 crore as against Rs 363.08 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 32.15 per cent in March quarter. Interest declined by 1.61 per cent y-o-y to Rs 23.27 crore, while Taxation decreased by 57.24 per cent at Rs 27.90 crore (Mar'17 Rs 65.25 crore).