Home textile maker Welspun takes Rs 37 crore hit due to rupee fluctuation

Welspun India, which reported 18.7% on-year growth in profit after tax at Rs 114.8 crore for the July-September quarter of this fiscal, saw its margins getting impacted owing to depreciating rupee against the dollar. 

Home textile maker Welspun takes Rs 37 crore
A part of the $2.3 billion Welspun Group, the textile firm has taken a hit of around Rs 37 crore due to currency fluctuation in the second quarter. Image courtesy: Reuters

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