Welspun India, one of India’s largest textile plays, reported 66% fall in net profit at Rs.53.75 crore in the Jun-20 quarter on the back of weak volumes and lower income. During the Jun-20 quarter, Welspun reported total revenues of Rs.1216 crore, 30% lower on a YOY basis. The company averred that it had resumed operations in record time. The company is also focusing on cost cutting and optimization in these hard time.
Welspun India, one of India’s largest textile plays, reported 66% fall in net profit at Rs.53.75 crore in the Jun-20 quarter on the back of weak volumes and lower income. During the Jun-20 quarter, Welspun reported total revenues of Rs.1216 crore, 30% lower on a YOY basis. The company averred that it had resumed operations in record time. The company is also focusing on cost cutting and optimization in these hard time.