Outcome of the board meeting is attached.
WELSPLSOL · price
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Welspun Specialty Solutions reported a strong turnaround in Q3 FY26. Revenue from operations grew to Rs. 22,605 lakhs in Q3, up 16.5% year-on-year from Rs. 19,405 lakhs. For the nine-month period, revenue surged 27.3% to Rs. 66,645 lakhs versus Rs. 52,357 lakhs a year ago. The company swung to a net profit of Rs. 1,841 lakhs in 9M FY26 from a loss of Rs. 803 lakhs in the prior year, with Q3 net profit at Rs. 951 lakhs versus a loss of Rs. 360 lakhs earlier. Finance costs dropped sharply to Rs. 2,106 lakhs (9M FY26) from Rs. 3,326 lakhs (9M FY25), thanks to deleveraging. Auditor B S R & Co. LLP issued an unmodified (clean) limited review conclusion.
A clear operational turnaround with strong revenue growth, restored profitability, and lower interest costs from debt repayment is positive for shareholders. The stock may see upward momentum, though investors should watch for sustainable margin expansion and any one-time effects from capital actions.