Driven by strong volume growth and surge in domestic sales, revenues in the three months to June 30, 2015 at Indian home textiles major and BK Goenka led Welpsun India Ltd soared 18 per cent year on year.
In the first quarter of fiscal 2015, Welpsun India reported revenues at Rs 1388.5 crore as against Rs 1177.3 crore in the same quarter of fiscal 2015, up 18 per cent.
According to a BSE filing, Welspun India posted higher revenues driven by strong volume growth and also a 35.6 per cent year over year growth in domestic sales.
Operational EBITDA for the reporting quarter drove up 32 per cent at Rs 359.8 crore versus Rs 272.7 crore in the prior fiscal first quarter.
Operational EBITDA margin too was higher at 25.9 per cent compared to 23.2 per cent, mainly on account of higher vertical integration and larger share of innovative products.
Since Welpsun has started availing benefits under the Gujarat textile policy, leading to a reduction in interest expense, due to which, finance costs were down 17 per cent from last fiscal’s first quarter to Rs 59.3 crore.
However, depreciation was higher at Rs 79.3 crore as against Rs 68.6 crore in the first quarter of fiscal 2015, primarily from capitalisation of the vertical integration of projects.
