Indian textile company Welspun India Ltd., reported a surge in the net profit for the first quarter revenue with Rs. 162.73 crore. Operational revenue rose 11.6 per cent accounting for Rs. 2,184.05 crore in the duration of the current quarter as compared to Rs. 1,957.25 crore in the previous year.
The revenue collection from the Home Textiles segment rounded to Rs. 2,037.60 crore, and the flooring business added Rs. 225.09 crore showing a growth of 33 per cent in the Q1 of FY 2023-24.
BK Goenka Chairman of Welspun Group commented, “In Q1 FY ’24 with sequentially higher margins, continuing the trend since last few quarters, delivering highest EBITDA margin in last seven quarters. It is also heartening to see the Flooring business post its highest revenues during the quarter.”
