Q2 2026 Welspun Specialty Solutions Ltd Earnings Call Transcript
Key Points
- Welspun Specialty Solutions Ltd (BOM:500365) reported a 40% year-on-year increase in revenue for Q2 FY'26, reaching INR243 crores.
- The company achieved a significant improvement in EBITDA, which more than doubled compared to the same quarter last year, reflecting improved operating leverage.
- Profit after tax for the quarter was INR9.6 crores, a turnaround from a loss of INR6.4 crores in the same period last year.
- The company successfully completed a planned capital maintenance shutdown in July, ensuring operational efficiency and reliability.
- Welspun Specialty Solutions Ltd (BOM:500365) added 21 new customers during the first half of the fiscal year, indicating strong market engagement.
- The global market continues to experience subdued demand and heightened volatility, impacting the company's export sales.
- The company's export mix has decreased significantly, with steel exports dropping from 35%-40% to 15%-20% and pipe exports from 15%-20% to below 10%.
- There is ongoing pricing pressure in the market, particularly affecting the bar segment, which has become highly competitive.
- The gross profit per metric ton has declined from INR100 per kg to INR83 per kg due to market pressures.
- The company faces challenges from protectionist measures in various countries, affecting global supply chains and market dynamics.
Ladies and gentlemen, good day and welcome to the Welspun Specialty Solution Limited Q2 and FY'26 Earning Conference Call hosted by JM Financial Institutional Securities Limited.
(Operator Instructions)
I now hand the conference over to Anirudh Nagpal from JM Financial Institutional Securities Limited. Thank you and over to you, sir.
Thanks operator and welcome everyone to the call. I will first thank Welspun Specialty Solutions Limited for giving JM Financial the opportunity to host today's call. So without much ado, I'll hand over the call to Mr. Salil Bawa, Head, Investor Relations, Welspun Group to introduce the Management. Over to you, Salil.
Thank you, Anirudh and good afternoon to all of you.
On behalf of Welspun Specialty Solutions Limited, I welcome all of you to the company's Q2 FY'26 results earning, results call. Along with me we have Mr. Anuj Burakia,
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