New Delhi: Welspun India on Thursday reported a jump of 31.12 per cent in consolidated net profit at Rs 143.56 crore for the third quarter that ended on December 31, 2014.

The company had reported a consolidated net profit of Rs 109.48 crore for the corresponding period a year ago, Welspun India said in a filing to the BSE.

Total consolidated sales during the quarter under review increased 22.03 per cent to Rs 1,345.92 crore as against Rs 1,102.86 crore in the corresponding period last fiscal year.

"We continue on our growth journey achieving new milestones and scaling new heights. We have successfully commissioned our spinning plant during the quarter which would help us consolidate our leadership position in the industry," Welspun India chairman B K Goenka said.

On the outlook, he said, "Our focus over the new few quarters will be to increase our branded sales, especially in India as well as to improve our share of sale from innovative products."

Shares in Welspun India, on Thursday, ended at Rs 358.45 apiece on the BSE, up 2.49 per cent from the previous close.