The company reported a net consolidated profit of approximately Rs 703 crore in the full fiscal 2015-16 as compared to approximately Rs 540 crore in the fiscal 2014-15, a rise of 30 per cent.

With respect to its revenue for the fourth quarter of FY16, a rise of 19 per cent to Rs 1,628.3 crore approximately was reported by Welspun as compared to Rs 1,365.8 crore in fourth quarter of the previous fiscal.

The revenue for full fiscal 2015-16 was Rs 5,979.5 crore as compared to Rs 5,302.5 crore in the prior fiscal, a rise of 13 per cent.

Commenting on the results, BK Goenka, chairman of Welspun Group said, “In the coming year, our focus will be on increasing revenue from the domestic market and profitability through branded and innovative products.”

The board of directors of the company recommended a final dividend of Rs 0.05 per share on equity share of Rs 1 each in a filing with the BSE. (MCJ)

Fibre2Fashion News Desk