Welspun Specialty Solutions Q3FY22 loss at Rs. 9.08 crores

Welspun Specialty Solutions Ltd has reported Standalone financial results for the period ended December 31, 2021.

Financial Results (Q3 FY2022) - QoQ Comparison

The company has reported total income of Rs. 40.96 crores during the period ended December 31, 2021 as compared to Rs. 20.77 crores during the period ended September 30, 2021.

The company has posted net profit / (loss) of Rs. -9.08 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs. -11.01 crores for the period ended September 30, 2021.

The company has reported EPS of Rs. -0.17 for the period ended December 31, 2021 as compared to Rs. -0.21 for the period ended September 30, 2021.

Financials	Q3 FY2022	Q2 FY2022	% Change
Total Income	₹ 40.96 crs	₹20.77 crs	97.21%
Net Profit	₹-9.08 crs	₹-11.01 crs	17.53%
EPS	₹-0.17	₹-0.21	19.05%

Financial Results (Q3 FY2022) - YoY Comparison

The company has reported total income of Rs. 40.96 crores during the period ended December 31, 2021 as compared to Rs.17.93 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.-9.08 crores for the period ended December 31, 2021 as against net profit / (loss) of Rs.-17.04 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.-0.17 for the period ended December 31, 2021 as compared to Rs.-0.35 for the period ended December 31, 2020.

Financials	Q3 FY2022	Q3 FY2021	% Change
Total Income	₹ 40.96 crs	₹17.93 crs	128.44%
Net Profit	₹-9.08 crs	₹-17.04 crs	46.71%
EPS	₹-0.17	₹-0.35	51.43%

Financial Results (9 Months Ended FY2022) - YoY Comparison

The company has reported total income of Rs.80.18 crores during the 9 Months period ended December 31, 2021 as compared to Rs.66.20 crores during the 9 Months period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.-33.17 crores for the 9 Months period ended December 31, 2021 as against net profit / (loss) of Rs.-38.09 crores for the 9 Months period ended December 31, 2020.

The company has reported EPS of Rs.-0.63 for the 9 Months period ended December 31, 2021 as compared to Rs.-0.82 for the 9 Months period ended December 31, 2020.

Financials	9 Months Ended FY2022	9 Months Ended FY2021	% Change
Total Income	₹80.18 crs	₹66.20 crs	21.12%
Net Profit	₹-33.17 crs	₹-38.09 crs	12.92%
EPS	₹-0.63	₹-0.82	23.17%

Shares of Welspun Specialty Solutions Ltd was last trading in BSE at Rs. 20.70 as compared to the previous close of Rs. 21.00. The total number of shares traded during the day was 283356 in over 880 trades.

The stock hit an intraday high of Rs. 21.50 and intraday low of 19.60. The net turnover during the day was Rs. 5749533.00.

Source : Equity Bulls

Keywords

WelspunSpecialtySolutions Q3FY22 9MFY22 ResultUpdate