Welspun Enterprises' net profit shoots up 80 pct to Rs 31 crores in 2nd quarter

Welspun Enterprises Tuesday posted 80 per cent rise in consolidated net profit at Rs 30.97 crore for the second quarter of 2018-19 on the back of higher income.

The company had posted a net profit of Rs 17.20 crore in the year-ago period, Welspun Enterprises said in a filing to BSE.

The net profit is from ordinary activities after tax, the filing said.

The company's consolidated income during the July-September period increased to Rs 290.39 crore, over Rs 188.54 crore in the year-ago period.