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Welspun India Q4 profit falls 22.57% to Rs154 crore

LiveMint logoLiveMint 25-04-2017 PTI

New Delhi: Textiles firm Welspun India on Tuesday reported a 22.57% fall in consolidated net profit at Rs154.48 crore for the quarter ended 31 March. Its net profit had stood at Rs199.53 crore in the year-ago quarter.

Total income of the company increased by 8.1% to Rs1,772.71 crore during the quarter under review as against Rs1,639.38 crore during the same period previous fiscal, Welspun India said in a BSE filing.

During financial year 2016-17, Welspun India’s consolidated net profit grew to Rs362.37 crore as against Rs749.12 crore in the preceding fiscal, it said.

The company’s total income also rose to Rs6,721.09 crore in the just concluded fiscal, from Rs6,014.29 crore in 2015-16.

Its board has also recommended a dividend of Rs0.65 per share. Shares of the company were trading up 0.5% at Rs94.55 apiece on BSE.

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