Welspun India said a steep drop in consolidated net profit for the quarter ended September 2014. During the quarter, the profit of the company declined 31.30% to Rs 1,298.79 million from Rs 1,890.45 million in the same quarter previous year.
Net sales for the quarter rose 21.97% to Rs 14,135.22 million, compared with Rs 11,589 million for the prior year period.
Earnings per share stood at Rs 12.93 compared with negative Rs 18.90 in the same quarter last year.
| Quarterly Results - consolidated (Rs in mn) |
| As at | Sep - 14 | Sep - 13 | %Change |
| Net Sales | 14,135.22 | 11,589.04 | 21.97 |
| Net Profit | 1,298.79 | 1,890.45 | (31.30) |
| Basic EPS | 12.93 | (18.90) | - |
Shares of the company gained Rs 43.9, or 14.39%, to trade at Rs 349.00. The total volume of shares traded was 170,795 at the BSE (1.41 p.m., Wednesday).
