Welspun India has posted a 47.07% decrease in consolidated net profit at Rs.79.51 crore for the quarter ended December 31,2017.

Last year, in the same quarter it had reported a net profit of Rs.150.24 crore. Total income for the December quarter was at Rs.1414.3 crore, which was 7.06% less as compared to Rs.1,521.82 crore in the same quarter, last year.

BK Goenka, Welspun Group Chairman, commenting on the result stated, “We have been taking steps to be prepared for future in terms of our brands, channels, innovation, traceability solutions, sustainability solutions and many other areas”.

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