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Home STOCKS Welspun India Q4 benefits: Posts net profit of Rs 91 crore

Welspun India Q4 benefits: Posts net profit of Rs 91 crore

New Delhi: Dwelling textiles main Welspun India on Monday claimed a consolidated net profit of Rs 90.59 crore in the fourth quarter ended March 31.
The business experienced posted a consolidated web loss of Rs 78.43 crore in the yr-ago period, Welspun India claimed in a regulatory filing.
Total profits in the course of the quarter beneath review stood at Rs 1,664.46 crore as in opposition to Rs 1,600.94 crore in the corresponding quarter a 12 months in the past.
For fiscal year 2019-20, the corporation posted a consolidated net profit of Rs 524.35 crore as as opposed with Rs 226.17 crore in 2018-19.
Full income for FY20 stood at Rs 6,836.18 crore as in contrast with Rs 6,608.44 crore in FY19, it included.
In direction of the conclusion of Q4FY20, the operations of the business were being impacted because of to shutdown of all vegetation and places of work globally, subsequent the lockdown imposed by authorities authorities to comprise spread of COVID-19 pandemic, Welspun India reported.
The company has considering the fact that then resumed operations in a phased fashion and is functioning in accordance with the health and fitness and safety recommendations, as issued by the respective govt authorities.
Welspun Group Chairman B K Goenka said the firm’s endeavours and investments to make vertically built-in facilities, which includes personnel colony, warehouses, ancillary park, investment in talent progress and product development has served it to resume operations in record time irrespective of the demanding macro atmosphere.
“We have accelerated our journey in direction of digitalisation of all important procedures and capabilities inside the corporation. We keep on to emphasis on the enablers viz., innovation, branding and sustainability to consolidate our management position,” he extra.

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