Textile firm Welspun India reported a 21.38 per cent increase in consolidated net profit at Rs 121.69 crore for the September quarter. The company had posted a net profit of Rs 100.25 crore in the July-September quarter a year ago.
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Welspun India has incorporated a wholly-owned US subsidiary Welspun Nexgen Inc registered with the State of Delaware, having paid up capital of $4.25 million to make investment in e-commerce companies.
Welspun India, one of the largest home textile manufacturers in the world, has introduced a patented, end-to-end traceability process Wel-Trak. This revolutionary process ensures that customers and consumers can trace the provenance of the cotton raw materials throughout the supply chain from farm to the retail shelf.
Welspun India has emerged as the first global textile entity to patent a fibre-tracking technology, turning adversity into opportunity. The Mumbai-based world’s second largest terry towel producer, developed the technology after a large customer terminated a contract following mislabelling of the provenance of fibre in certain consignments.
Textile firm Welspun India has reported a 38.39 per cent decline in consolidated net profit at Rs 128.56 crore for the June quarter due to lower income and higher expenses.
Welspun opens Rs 150-cr facility in Anjar
Welspun India Ltd, one of the world’s leading home textiles manufacturer, has entered technical textiles in a big way
Welspun India Ltd, one of the world’s leading home textiles manufacturer, has entered technical textiles in a big way with the inauguration of a state-of-the-art plant in Anjar in Gujarat.