Unaudited financial results are attached.
WELSPLSOL · price
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Welspun Specialty Solutions reported a strong turnaround for Q2 FY26, with revenue from operations rising to Rs. 23,908 lakhs from Rs. 16,742 lakhs in Q2 FY25 — a growth of about 43%. Net profit stood at Rs. 965 lakhs, swinging from a loss of Rs. 635 lakhs in the same quarter last year. For the half year (H1 FY26), revenue grew to Rs. 44,040 lakhs from Rs. 32,952 lakhs, and the company posted a profit of Rs. 890 lakhs versus a loss of Rs. 440 lakhs earlier. Finance costs nearly halved (Rs. 1,516 lakhs in H1 vs Rs. 2,088 lakhs), helped by the March 2025 Rights Issue (Rs. 34,986 lakhs raised) used to repay borrowings and redeem preference shares. The statutory auditor B S R & Co. LLP issued an unmodified limited review conclusion with no qualifications.
Sharp YoY recovery in both top-line and bottom-line is positive for shareholders — the company has moved from losses to profits, supported by revenue growth and significantly lower interest costs. Continued debt reduction and a clean audit report should be viewed favourably by the market.