The company's consolidated total income during the January-March 2020 quarter fell to Rs 501.57 crore, compared with Rs 730.56 crore in the year-ago period.
Welspun Enterprises Ltd on Monday said its consolidated net profit jumped manifold to Rs 89.08 crore during the quarter ended March 31.
The company had clocked a consolidated net profit of Rs 29.63 crore in the corresponding quarter a year ago, Welspun Enterprises said in a regulatory filing to the BSE.
However, its consolidated total income during the January-March 2020 quarter fell to Rs 501.57 crore, compared with Rs 730.56 crore in the year-ago period.
Total expenses during the quarter also increased to Rs 434.16 crore, from Rs 654.31 crore a year ago.