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Published
Oct 28, 2021
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Welspun India Q2 net profit rises 7 percent to Rs 201 crore

Published
Oct 28, 2021

Textiles major Welspun India Ltd reported a 7 percent rise in its consolidated net profit to Rs 201 crore ($26.8 million) for the second quarter ended September 30, as against a net profit of Rs 188 crore it reported in the year-ago period.
 

Welspun India Q2 net profit rises 7 percent to Rs 201 crore - DR


The company’s revenue for the quarter rose by 26 percent to Rs 2,487 crore, as against Rs 1,973 crore it reported in the corresponding period of the previous fiscal year.
 
Welspun India’s total expenses jumped 28 percent to Rs 2,218 crore, against Rs 1,739 crore reported in the July-September quarter last year.

Commenting on the Q2 results, B K Goenka, chairman at Welspun Group, in a statement said: “Welspun delivered a strong second quarter, achieving highest revenues, growing in double digits and stepping up profitability sequentially. Large parts of our business continued to gain market share and penetration. Calibrated price increases and laser-sharp focus on savings helped us protect the margins while overcoming the global supply chain disruptions.
 
"At Welspun India, we are well placed to capture the growth opportunity with innovative product offerings, judicious capital deployment and optimum utilization of our distribution network. We are committed to channelizing our energy and resources to maximize shareholder value and deliver long-term sustainable growth,” he added.
 
Welspun India is part of Welspun Group, which operates in sectors including textiles, warehousing, infrastructure, among others.

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