New Delhi: Textile firm Welspun India Wednesday reported a 97.39 percent increase to Rs 161.37 crore in its consolidated net profit for the fourth quarter ended on March 31, 2015.
The firm had reported a consolidated net profit of Rs 81.75 crore during January-March quarter of the last fiscal.
Total consolidated income from operation of the company also increased 15.26 percent to Rs 1,365.80 crore during the quarter under review as against Rs 1184.96 crore of the same period previous fiscal.
Welspun Group Chairman B K Goenka said that company's focus on innovation as well as strategic partnership with its clients has helped it increase the market share.
Over the future outlook of the company, Goenka said: "One of our key focus areas in the coming year will be the domestic market through our brands Spaces and Welhome."
In the year ended March 31, 2015, Welspun's consolidated net profit grew over four folds to Rs 539.79 crore as against Rs 92.07 crore of the previous fiscal year.
Company's consolidated total income from operation also increased 21.25 percent in FY 2014-215 to Rs 5,302.51 crore as against Rs 4,373.02 crore of FY 2013-14.
The company's board also recommended a final dividend at the rate of 75 percent (Rs 7.50 per share), taking the total dividend for the year to 105 percent (Rs 10.50 per share).
Shares of Welspun today closed at Rs 448.25 per share on the BSE, up 8.39 percent from previous close.
