Welspun India Limited Reports Earnings Results for the Second Quarter Ended September 30, 2019
October 22, 2019 at 05:39 am EDT
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Welspun India Limited announced earnings results for the second quarter ended September 30, 2019. For the second quarter, the company announced total revenue was INR 18,370.800 million compared to INR 17,977.900 million a year ago. Net income was INR 1,985.400 million compared to INR 1,148.000 million a year ago. Basic earnings per share was INR 1.98 compared to INR 1.14 a year ago. For the half year, total revenue was INR 35,682.000 million compared to INR 33,755.700 million a year ago. Net income was INR 3,485.800 million compared to INR 2,420.100 million a year ago. Basic earnings per share was INR 3.47 compared to INR 2.41 a year ago.
Welspun Living Limited is an India-based company, which is engaged in the textile business. The Company manufactures a range of home textile products, primarily terry towels, bed linen products, rugs, and flooring products. The Company operates through two segments: Home Textiles, and Flooring. Home Textiles segment includes towels, bathrobes, bath rugs/mats, area rugs, carpet, bedsheets, utility bedding and fashion bedding. The Flooring segment includes tiles and Grass tiles. The Company provides a range of solutions, including flooring solutions, advanced textiles, e-commerce, hospitality, and wellness. The Company's flooring products include Silver Striped Oak, Aged Oak, Brown Elm, Baked Terracotta. The Company's brands include Christy, Spaces, Welspun, Welspun Health, Martha, Welhome, SPUN and Scott Living. The Company's subsidiaries include Welspun Mauritius Enterprises Limited, CHT Holdings Limited, TILT Innovations Inc, Welspun Nexgen Inc, and Welspun Flooring Limited.
WELSPUN LIVING LIMITED 
