Welspun Specialty Solutions Ltd
BSE:500365
Welspun Specialty Solutions Ltd
Welspun Specialty Solutions Ltd. engages in the manufacture steel and steel products. The company is headquartered in Mumbai, Maharashtra and currently employs 506 full-time employees. The Company’s products categories include alloy, stainless & special steel and stainless & ni-alloy pipes & tubes. The Company’s steel grades products include bearing steel, chrome-moly steel, case carburizing steel, micro-alloyed steel, creep resistant steel, boron steel, high nickel steel, ferritic stainless steel, and tool and die steel. The Company’s products also include martensitic stainless steel, austenitic stainless steel, precipitation hardening, duplex & super duplex stainless steel and nickel alloy/ superalloy. The firm serves a range of sectors, including aerospace, architecture, agriculture/fertilizer, automotive, consumer goods, defense, dairy, energy and power, engineering, machine building, nuclear power, oil & gas, pharmaceutical, petrochemical, railways, waste incineration and shipbuilding/marine.
Welspun Specialty Solutions Ltd. engages in the manufacture steel and steel products. The company is headquartered in Mumbai, Maharashtra and currently employs 506 full-time employees. The Company’s products categories include alloy, stainless & special steel and stainless & ni-alloy pipes & tubes. The Company’s steel grades products include bearing steel, chrome-moly steel, case carburizing steel, micro-alloyed steel, creep resistant steel, boron steel, high nickel steel, ferritic stainless steel, and tool and die steel. The Company’s products also include martensitic stainless steel, austenitic stainless steel, precipitation hardening, duplex & super duplex stainless steel and nickel alloy/ superalloy. The firm serves a range of sectors, including aerospace, architecture, agriculture/fertilizer, automotive, consumer goods, defense, dairy, energy and power, engineering, machine building, nuclear power, oil & gas, pharmaceutical, petrochemical, railways, waste incineration and shipbuilding/marine.
Revenue Growth: Total income for Q3 FY '26 rose 15% year-on-year to INR 229 crores, with 9-month income up 26% to INR 683 crores.
Profit Turnaround: Q3 profit after tax was INR 9.5 crores, recovering from a loss of INR 3.6 crores in the same quarter last year.
Strong EBITDA: Q3 EBITDA grew 52% year-on-year to INR 19.8 crores and rose 9% sequentially, outpacing revenue growth.
Order Book Stability: Order book at the end of Q3 remained stable at 5,000 tonnes, valued at about INR 200 crores.
Capacity Utilization Focus: Management is targeting higher capacity utilization, with steel operations at about 50% and pipe operations at 60-65%.
Bright Bar Expansion: New bright bar capacity is being commissioned, with management expecting efficiency gains and demand from both export and domestic markets.
Export Headwinds: Export markets, especially Middle East and Europe, face ongoing demand and regulatory challenges, but company is pursuing key accreditations and monitoring developments.
Sustainability Progress: Share of renewable electricity use rose from 31% in FY '25 to 53% in 9M FY '26, underlining ESG commitments.
Margin Pressure: Margins remain under pressure due to challenging export market conditions, but company is maintaining value-over-volume strategy.
