Welspun India EBITDA up by 6 per cent

Welspun India Pvt Ltd. has declared its Q4FY16 results. Consolidated total income from operations has increased by 9 per cent and stands at Rs 1628.35 crore as compared to Rs 1490.4 crore of the previous quarter. The EBITDA for the quarter ended stands at Rs 422.89 crore. As compared to the previous quarter the EBITDA has increased by 9 percent, wherein the EBITDA for the last quarter stood at Rs 400.57 crore. Net profit for the quarter ended was also up by 11 per cent and stands at Rs 196.76 crore.

On a YoY basis the Net Income from operations stands at Rs 5979.47 crore and has seen an increase of 13 per cent. EBITDA margin has also been up by 22 percent and stands at Rs 1557.53 crore as compared to Rs 1274.19 crore of the previous year. Net profit on YoY basis stands at Rs 715.34 crore as compared to 544.29 crore of the previous year. Net Profits have seen an increase of over 31 per cent, which is largely due to the prices of the raw materials. Raw materials' consumption has decreased by 9 per cent which could be the major reason for such a jump in the Net Profits.

The shares of Welspun India are trading at Rs 99.80 on the bourses. The share price is up by 0.45 percent.

Welspun India Ltd. is an India based company engaged in the business of manufacturing of home textiles. The company is primarily into two products,  namely Bed & Bath in home textiles. In the Bed category, they have Bed Linen, Basic Bedding and Decorative Bedding; while in Bath they have Terry Towels, Rugs and Bathrobes. Recently, the company is putting a lot of emphasis on innovative products.