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BRIEF-India's Welspun Corp March-qtr consol profit surges
May 8, 2017 / 9:01 AM / 5 months ago

BRIEF-India's Welspun Corp March-qtr consol profit surges

May 8 (Reuters) - India’s Welspun Corp Ltd

* March quarter consol net profit 685.9 million rupees

* March quarter consol total income 21.72 billion rupees

* Consol net profit in march quarter last year was 130.6 million rupees as per ind-as; consol total income 19.76 billion rupees

* Recommended dividend at INR 0.50 per share

* Says qtrly consol production and sales of pipes (total operations) were up 18% and 25% yoy respectively

* Says expect good traction in international markets, especially North America, towards the second half of FY2018. Source text - (bit.ly/2qgmJgW) Further company coverage:

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