Welspun Corp reports net loss of Rs 33.64 crore in Q2FY17
Welspun Corp has reported results for second quarter ended September 30, 2016.
The company has reported a net loss of Rs 39.44 crore for the quarter ended September 30, 2016 as compared to a net loss of Rs 1.01 crore for the same quarter in the previous year. The company’s total income has decreased by 38.95% to Rs 646.66 crore for the quarter under review from Rs 1059.24 crore for the corresponding quarter of the previous year.
On the consolidated basis, the company has reported a net loss of Rs 33.64 crore for the quarter ended September 30, 2016 as compared to Rs 88.15 crore for the same quarter in the previous year.
Total Income of the company has decreased by 42.08 % to Rs 1251.59 crore for quarter under review from Rs 2160.98 crore for the quarter ended September 30, 2015.
