Welspun Gujarat Q2 net profit zooms 114%

Welspun Gujarat Q2 net profit zooms 114%Saw pipe maker Welspun-Gujarat Stahl Rohren has registered a net profit of Rs 140 crore for the second quarter ended September 30, 2009, up 114% against Rs 65 crore in the corresponding quarter previous fiscal.

Further, company’s total income grew up by 21% to Rs 1816 crore for the quarter ended September 30, 2009 as against Rs 1497 crore for the quarter ended September 30, 2008

However, its sales rose to Rs 2173 crore in the latest quarter ended September 30, against Rs 1493 crore in the same quarter previous fiscal.

It should be noted that the stock of Welspun Gujarat had outperformed the market over the past one month till 23 October 2009, rising 5.40% as compared to the Sensex 0.55% rise. The stock closed today at Rs 283 on BSE, up 1.20% compared to its previous close.