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Home STOCKS Welspun India Q1 internet falls 65 % to Rs 53.75 crore

Welspun India Q1 internet falls 65 % to Rs 53.75 crore

Textile firm Welspun India on Friday reported a 65.56 per cent decline in consolidated net profit to Rs 53.75 crore for the quarter ended June on account of lessen cash flow. The organization had posted a net profit of Rs 156.07 crore for the corresponding time period of the previous fiscal 12 months.
Full income for the duration of the quarter below review stood at Rs 1,216.04 crore, down 29.96 per cent from Rs 1,736.29 crore previously, Welspun India stated in a regulatory filing.
Welspun Team Chairman B K Goenka stated: “In a quarter marked by tough conditions and uncertainties, we have shown resilience in our overall performance. We are perfectly equipped for the ‘New Normal’ and have resumed functions in record time even though prioritising the basic safety and effectively-becoming of our men and women. We keep on to speed up our journey towards digitalisation of all essential enterprise features and procedures.”
Shares of Welspun India have been investing 2.61 for every cent better at Rs 35.40 apiece on the BSE.

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