Board approves Q2 results; auditors give unmodified limited review conclusion
The board met on October 21, 2026 and approved the unaudited financial results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 2 min read
| Line item | Latest | Year ago | YoY | Prev qtr | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 24,033 | 23,908 | +0.5% | 19,367 | +24.1% |
| Total income | 24,200 | 24,271 | −0.3% | 19,746 | +22.6% |
| Profit before tax | (385) | 965 | — | 474 | — |
| Profit after tax | (451) | 965 | — | 516 | — |
| Total comprehensive income | (459) | 984 | — | 552 | — |
| Basic EPS | (0.07) | 0.14 | — | 0.08 | — |
- Total income YoY
- 24,271 (−0.3%)
- Period
- 30-Sep-26
Auditor's review
Conclusion: Unmodified
Notes to the results
- During the quarter ended 30 June 2025, the Company redeemed 5,09,04,271 12% NCRPS of Rs.10/- each aggregating Rs. 5,090 lakhs at fair value Rs. 2,700 lakhs; difference of Rs. 578 lakhs included under Finance cost.
- Net deferred tax asset stood at Rs. 3,355 lakhs as at September 30, 2026; deferred tax charge of Rs. 66 lakhs for the quarter ended September 30, 2026.
What the board approved
Welspun Specialty Solutions Ltd held its board meeting on October 21, 2026 and approved the unaudited financial results for the quarter and half year ended September 30, 2026. The audit committee reviewed the results before the board approved them.
Statutory auditors BSR & Co. LLP carried out a limited review of the statement and concluded that nothing had come to their attention that caused them to believe the statement had not disclosed the information required under the listing regulations, or that it contained any material misstatement. This is an unmodified conclusion.
Quarter at a glance (Rs. Lakhs)
- Revenue from operations: 24,033 for the quarter, against 23,908 in the same quarter a year earlier.
- Total expenses: 24,585, which was more than revenue from operations for the quarter.
- Net result for the period: a loss of 451, against a profit of 965 in the same quarter a year earlier.
- Basic and diluted earnings per share: (0.07) against 0.14.
Half year at a glance (Rs. Lakhs)
- Revenue from operations: 43,500.
- Net profit for the period: 65.
- Net cash used in operating activities: 4,485.
In simple terms
The company's revenue from operations was almost unchanged from a year earlier, but total expenses (24,585) came in above revenue from operations (24,033), so the quarter ended in a net loss of 451 lakhs. In the same quarter last year, total expenses were lower than revenue and the company reported a net profit of 965 lakhs.
Other notes
- The results are prepared under Indian Accounting Standard 34 (Interim Financial Reporting) and presented in Rs. Lakhs.
- The company is engaged in manufacturing of stainless steel products, which the management treats as a single business segment.
- The company has unabsorbed tax losses and unabsorbed depreciation available for set-off against future taxable profits; the net deferred tax asset stood at Rs. 3,355 lakhs as at September 30, 2026.
Also from Welspun Specialty Solutions
Audio recording of Q2 FY27 conference call made available on Welspun Specialty Solutions website
23 Oct 2026
Welspun Specialty Solutions Q2FY27: Bars volume up ~16% but tube weakness drives quarterly loss
21 Oct 2026
Welspun Specialty Solutions to hold Q2 & H1 FY27 earnings conference call on October 22, 2026
19 Oct 2026
More numbers
- Total expenses, quarter ended 30-Sep-26 (Rs. Lakhs)24,585
- Revenue from operations, half year ended 30-Sep-26 (Rs. Lakhs)43,500
- Net profit for the half year ended 30-Sep-26 (Rs. Lakhs)65
- Net cash used in operating activities, half year (Rs. Lakhs)(4,485)
- Total income, latest quarter24,200 (Rs. Lakhs)
- Total income, year-ago quarter24,271 (Rs. Lakhs)
- Total income, previous quarter19,746 (Rs. Lakhs)
- Total comprehensive income, latest quarter(459) (Rs. Lakhs)
- Total comprehensive income, year-ago quarter984 (Rs. Lakhs)
- Total comprehensive income, previous quarter552 (Rs. Lakhs)
- Profit after tax, latest quarter(451) (Rs. Lakhs)
- Profit after tax, year-ago quarter965 (Rs. Lakhs)
- Profit after tax, previous quarter516 (Rs. Lakhs)
- Revenue from operations, latest quarter24,033 (Rs. Lakhs)
- Revenue from operations, year-ago quarter23,908 (Rs. Lakhs)
- Revenue from operations, previous quarter19,367 (Rs. Lakhs)
- Profit before tax, latest quarter(385) (Rs. Lakhs)
- Profit before tax, year-ago quarter965 (Rs. Lakhs)
- Profit before tax, previous quarter474 (Rs. Lakhs)
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