Welspun Corp reports consolidated net profit of Rs 12.62 crore in Q4

Welspun Corp has reported results for fourth quarter and year ended March 31, 2014 The company has posted a around four-fold jump in its net profit at Rs 98.25 crore for the quarter ended March 31, 2014 as compared to Rs 24.88 crore for the same quarter in the previous year. However, total income from operations of the company has decreased by 25.72% at Rs 1192.51 crore for quarter under review as compared to Rs 1605.46 crore for the quarter ended March 31, 2013. On consolidated basis, the company has reported a net profit of Rs 12.62 crore for the quarter ended March 31, 2014 as compared to a net loss of Rs 1.57 crore for the same quarter in the previous year. However, total income from operations of the company has declined by 45.72% at Rs 1534.49 crore for quarter under review as compared to Rs 2826.79 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has reported a net loss of Rs 17.54 crore as compared to net profit of Rs 53.09 crore for the same period in the previous year. Total income from operations of company has dropped by 38.67% at Rs 4067.61 crore for year under review as compared to Rs 6632.17 crore for the period ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the company has posted a net profit at Rs 73.39 crore as compared to a net loss of Rs 70.31 crore for the same period in the previous year. Total income from operations of company has decreased by 15.18% at Rs 7704.72 crore for year under review as compared to Rs 9083.21 crore for the period ended March 31, 2013.