Welspun Corp swung to a profit for the quarter consolidated ended September 2014. During the quarter, the company reported a profit of Rs 52.50 million compared with a loss of Rs 337.70 million in the same quarter last year.
Net sales for the quarter rose 10.05% to Rs 23,980.50 million, compared with Rs 21,791 million for the prior year period.
Earnings per share stood at Rs 0.20 compared with negative Rs 1.28 in the same quarter last year.
| Quarterly Results - consolidated (Rs in mn) |
| As at | Sep - 14 | Sep - 13 | %Change |
| Net Sales | 23,980.50 | 21,791.00 | 10.05 |
| Net Profit | 52.50 | (337.70) | - |
| Basic EPS | 0.20 | (1.28) | - |
Shares of the company gained Rs 2, or 2.56%, to trade at Rs 80.10. The total volume of shares traded was 112,565 at the BSE (2.01 p.m., Tuesday).
