Welspun India Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2014
January 29, 2015 at 01:13 pm
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Welspun India Ltd. reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, on standalone basis, the company reported total income from operations of INR 11,329.151 million, profit from operations before other income and finance costs of INR 2,053.833 million, profit from ordinary activities before tax of INR 1,615.285 million, net profit of INR 1,320.399 million or INR 13.15 per diluted share against total income from operations of INR 9,596.427 million, profit from operations before other income and finance costs of INR 1,449.501 million, profit from ordinary activities before tax of INR 1,521.446 million, net profit of INR 1,010.667 million or INR 10.07 per diluted share a year ago.
For the nine months, on standalone basis, the company reported total income from operations of INR 32,954.708 million, profit from operations before other income and finance costs of INR 5,878.716 million, profit from ordinary activities before tax of INR 5,014.650 million, net profit of INR 3,754.9 million or INR 37.39 per diluted share against total income from operations of INR 25,971.797 million, loss from operations before other income and finance costs of INR 735.414 million, loss from ordinary activities before tax of INR 1,050.477 million, net loss of INR 688.297 million or INR 6.87 per diluted share a year ago.
For the quarter, on consolidated basis, the group reported total income from operations of INR 13,459.277 million, profit from operations before other income and finance costs of INR 2,482.535 million, profit from ordinary activities before tax of INR 1,812.962 million, net profit of INR 1,435.668 million or INR 14.30 per diluted share against total income from operations of INR 11,028.683 million, profit from operations before other income and finance costs of INR 1,901.030 million, profit from ordinary activities before tax of INR 1,676.687 million, net profit of INR 1,094.868 million or INR 10.94 per diluted share a year ago.
For the nine months, on consolidated basis, the group reported total income from operations of INR 39,367.023 million, profit from operations before other income and finance costs of INR 6,975.525 million, profit from ordinary activities before tax of INR 5,375.567 million, net profit of INR 3,793.211 million or INR 37.68 per diluted share against total income from operations of INR 32,187.021 million, profit from operations before other income and finance costs of INR 982.615 million, profit from ordinary activities before tax of INR 15.918 million, net profit of INR 26.346 million or INR 1.03 per diluted share a year ago.
Welspun Living Limited is an India-based company, which is engaged in the textile business. The Company manufactures a range of home textile products, primarily terry towels, bed linen products, rugs, and flooring products. The Company operates through two segments: Home Textiles, and Flooring. Home Textiles segment includes towels, bathrobes, bath rugs/mats, area rugs, carpet, bedsheets, utility bedding and fashion bedding. The Flooring segment includes tiles and Grass tiles. The Company provides a range of solutions, including flooring solutions, advanced textiles, e-commerce, hospitality, and wellness. The Company's flooring products include Silver Striped Oak, Aged Oak, Brown Elm, Baked Terracotta. The Company's brands include Christy, Spaces, Welspun, Welspun Health, Martha, Welhome, SPUN and Scott Living. The Company's subsidiaries include Welspun Mauritius Enterprises Limited, CHT Holdings Limited, TILT Innovations Inc, Welspun Nexgen Inc, and Welspun Flooring Limited.