Welspun India today reported over 83 per cent jump in its net profit at Rs 98.66 crore for the quarter ended March 31, 2014 on the back of rising income.

The company had reported a net profit of Rs 53.83 crore in the same period of last financial year (2012-13), Welspun India said in a regulatory filing to the stock exchanges.

The company’s total income from operations rose to Rs 934.02 crore from Rs 732.59 crore in the corresponding period.

There was a tax benefit to the tune of Rs 35.47 crore against an outgo of Rs 41.42 crore in the same quarter last fiscal, it said.

The company’s net profit for the financial year 2013-14 was down at Rs 29.83 crore against Rs 171.40 crore in the previous fiscal (2012-13).

Welspun India is a home textile manufacturer with production facilities across the country and a distribution network in 32 countries.

The company scrip ended higher by 3.62 per cent at Rs 137.35 on the BSE.

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