Welspun-Gujarat Stahl Rohren, the flagship of Welspun Group, has posted 94.27% rise in its net at Rs 138.21 crore for the first quarter of financial year 2010 as compared to corresponding period last year.

The company had posted a net profit of Rs 71.14 crore in the same quarter ended June 2008.

Further, the company's total income increased by 72% at Rs 1883 crore in the first quarter as compared to Rs 1097 crore, corresponding quarter last year.

The company's stock closed on Friday at Rs 197 on BSE, down 3.3 per cent compared to its previous close.