WelSpun Enterprises Ltd’s net profit jumps three-fold to Rs 89.08 cr for Q4FY20

New Delhi: WelSpun Enterprises Ltd’s consolidated net profit jumped three-fold to Rs 89.08 crore for the fourth quarter of the 2019-20 fiscal as compared to net profit  Rs 29.63 crore in the same quarter of the previous fiscal. The consolidated revenue from operations, however, slumped 35 percent to Rs 470.71 crore for the fourth quarter of 2019-20 fiscal as compared to Rs 725.07 crore in the same quarter of the previous fiscal.

For the entire fiscal 2019-20, the consolidated net profit of the company jumped about 20 percent to Rs 151.13 crore as compared to Rs 126.76 crore in the previous fiscal. The consolidated revenue from operations increased mariginall to Rs 1,807.59 crore as compared to Rs 1,786.60 crore in the previous fiscal, the company said in a regulatory filing.

The consolidated total expenses of the company in the fourth quarter of the fiscal ending 31 March 2020 stood at Rs 434.16 crore as compared to Rs 654.31 crore in the same quarter of the previous fiscal. The consolidated expenses of the company for the entire fiscal ending 31 March 2020 stood at Rs 1,697.91 crore as compared to Rs 1,658.47 crore in the previous fiscal.

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