Ahmedabad Times

Textiles main Welspun Residing on Friday introduced a share buyback price Rs 252 crore by the tender route at a buyback worth of Rs 175 per share, implying a premium of greater than 30% over the earlier closing worth.

In an trade submitting, the corporate introduced that its board of administrators has authorised the proposal to purchase again 144 lakh totally paid-up shares of the corporate with a face worth of Re 1 every for an mixture quantity not exceeding Rs 252 crore. This represents 6.52% of the corporate’s whole paid-up fairness share capital and 5.65% of the free reserves.

File date for Welspun Residing share buyback

The report date to find out the eligibility for shareholders who can tender shares within the buyback has been fastened on Might 22.Welspun Residing additional mentioned that the board has shaped a buyback committee to supervise the company motion. It has appointed DAM Capital Advisors because the supervisor of the buyback.

This comes after Welspun Residing undertook a Rs 278 crore share buyback through the tender route again in August 2024. The buyback worth for the supply was fastened at Rs 220 apiece. Share buyback refers to a company motion the place an organization repurchases its personal shares from current shareholders, largely at a premium to the market worth.

Welspun Residing This fall Outcomes

Together with the share buyback, Welspun Residing on Friday introduced its outcomes for the January-March quarter of the monetary 12 months 2026. The corporate’s web revenue declined greater than 21% to Rs 104 crore in This fall FY26, as towards Rs 132 crore within the corresponding quarter of the earlier monetary 12 months.The textile firm’s income from operations, in the meantime, declined round 8% YoY to Rs 2,435 crore in This fall FY26 from Rs 2,646 crore in the identical quarter final 12 months. EBITDA fell round 17% YoY to Rs 265 crore, whereas EBITDA margin contracted to 10.8% through the quarter underneath evaluation.

Welspun Residing share worth

Regardless of the sharp decline in earnings, Welspun Residing shares jumped 3% to commerce at Rs 138 apiece on NSE after the buyback announcement, as seen at 2.20 pm. The shares of the corporate have gained over 4% in a single week and 12% in a single month. The inventory is general up 6% in 2026 thus far.

In the long run, the inventory has jumped 50% in three years and 38% in 5 years. The corporate has a market capitalisation of Rs 13,200 crore.

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