Welspun India Ltd has announced its financial results for the period ended December 31st 2011.

The company has posted net profit of INR 292.66 million for the quarter ended December 31st 2011 as compared to INR 46.85 million for the quarter ended December 31st 2010, representing an increase of 524.67%.

The company’s total income was at INR 6327.43 million for the quarter ended December 31st 2011 where as the same was at INR 5110.24 million for the quarter ended December 31st 2010, representing an increase of 23.82%.

The company has posted net profit of INR 790.25 million for the 9 months period ended December 31st 2011 as compared to INR 565.55 million for the 9 months period ended December 31st 2010, representing an increase of 39.73%.

The company’s total income was at INR 18602.3 million for the 9 months period ended December 31st 2011 where as the same was at INR 15709.48 million for the 9 months period ended December 31st 2010, representing an increase of 18.41%.

(Sourced from Equity Bulls)