Welspun Corp has reported results for third quarter ended December 31, 2014.
The company has posted a net loss of Rs 12.68 crore for the quarter under review as compared to a net loss of Rs 18.00 crore for the same quarter in the previous year. Total income of the company has increased 16.54% at Rs 1285.76 crore for Q3FY15 as compared Rs 1103.26 crore for the corresponding quarter previous year.
On the consolidated basis the company’s net profit surged two fold to Rs 17.49 crore for the Q3 FY15 as compared to Rs 7.51 crore in Q3 FY14. Moreover, the total income increased 28.47% to Rs 2279.04 crore in the quarter under review as compared to Rs 1774.04 crore in the corresponding quarter previous year.