Welspun Specialty Solutions Limited reports Q1FY21 results


Welspun Specialty Solutions Limited (“WSSL” or “Company”), formerly known as RMG Alloy Steel Ltd., today announced its Q1 FY21 results.

Q1 FY21 Financial Highlights:

The operations and financial results for the quarter have been adversely impacted due to lockdown imposed to contain the spread of COVID-19.

Total Income:

– Q1FY21 – Rs. 18.2 crores – Production & Sales volume of Seamless Pipe & Tubes division stood at 350 MT & 367 MT respectively (Q1FY21); improving sequentially

– EBITDA stood at Rs. (3.4) crores in Q1FY21 – Improvement in operational efficiency despite lower revenue

Financial Results (Q1 FY 2020-21) – QoQ Comparison

The company has reported total income of Rs.18.32 crores during the period ended June 30, 2020 as compared to Rs.58.65 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.(10.46) crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.(31.64) crores for the period ended March 31, 2020.

The company has reported EPS of Rs.(0.24) for the period ended June 30, 2020 as compared to Rs.(0.76) for the period ended March 31, 2020.

Total Income ₹ 18.32 crs ₹ 58.65 crs Down Tick -68.76%
Net Profit ₹ (10.46) crs ₹ (31.64) crs Down Tick -66.94%
EPS ₹ (0.24) ₹ (0.76) Down Tick -68.42%

Financial Results (Q1 FY 2020-21) – YoY Comparison

The company has reported total income of Rs.18.32 crores during the period ended June 30, 2020 as compared to Rs.114.59 crores during the period ended June 30, 2019.

The company has posted net profit / (loss) of Rs.(10.46) crores for the period ended June 30, 2020 as against net profit / (loss) of Rs.(7.97) crores for the period ended June 30, 2019.

The company has reported EPS of Rs.(0.24) for the period ended June 30, 2020 as compared to Rs.(0.23) for the period ended June 30, 2019.

Total Income ₹ 18.32 crs ₹ 114.59 crs Down Tick -84.01%
Net Profit ₹ (10.46) crs ₹ (7.97) crs Up Tick 31.24%
EPS ₹ (0.24) ₹ (0.23) Up Tick 4.35%

Shares of Welspun Specialty Solutions Limited was last trading in BSE at Rs.8.41 as compared to the previous close of Rs. 8.5. The total number of shares traded during the day was 85246 in over 53 trades.

The stock hit an intraday high of Rs. 8.92 and intraday low of 8.08. The net turnover during the day was Rs. 693559.



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