Welspun India Ltd., part of the $2.3 bn Welspun Group, has recorded total income of Rs. 14,143 mn for the third quarter of fiscal 2018, as against Rs. 15,218 mn in the third quarter of fiscal 2017. The decrease was on account of a volume decline due to customer destocking coupled with goods and services tax impact on duty drawback. For the reported period, the company’s EBITDA reached at Rs. 2,687 mn in comparison to Rs. 3,673 mn in third quarter of 2017. EBITDA margins were adversely impacted by lower volumes as well as higher raw material costs.