Welspun’s Q3 income grows by 27.7%

The third quarter FY 21 income of Welspun India, an Indian home textiles company grew by 27.7 per cent to Rs2,049.7 crore compared to the income of ₹1,604.9 crore in the same quarter previous fiscal. The company’s net profit for the quarter rose to Rs174.8 crore.

Welspun’sEBITDA (earnings before interest, taxes, depreciation, and amortisation) increased 75.3 per cent to Rs418.7 crore, while total expenses rose to Rs1,800.8 crore in the third quarter.

Revenue of home textiles segment during Q3 FY21 increased 27 per cent to Rs1,967.2 crore. While, flooring segment’s revenue grew to Rs97.7 crore.

During the quarter, Welspun’s plants at Vapi and Anjar operated at peak capacities. Itsbath linen sales volume grew 17 per cent YoY, whereas, bed linen sales volume grew 43 per cent. Rugs and carpets sales volume jumped 28 per cent.