Welspun Corp Posts FY26 Results And FY27 Guidance

25 May 2026 CW Team

Welspun Corp Limited presented its results for the quarter and full year ended FY26, laying out operational metrics, financial performance and strategic guidance. The statement, prepared for investors, set out volumes across line pipes, ductile iron pipes and stainless steel products and reiterated expansion plans. All monetary amounts are expressed in billion (bn) after conversion from crore.

For the year ended FY26 the company reported revenue from operations of Rs 167.7 bn and EBITDA of Rs 23.71 bn, with an EBITDA margin of 14.0 per cent. Profit after tax after exceptional items was Rs 16.13 bn while profit without exceptional items was Rs 16.13 bn, reflecting underlying earnings growth. Free cash flow for FY26 was Rs 6.72 bn after capital expenditure of Rs 25.32 bn and the company reported net cash on the balance sheet.

Operationally line pipes volumes for the year were 954 KMT while ductile iron pipes rose to 342 KMT and stainless steel bars reached 27.2 KMT. TMT rebars volumes were 185 KMT, down 12 per cent year on year, and stainless steel pipes were 5.2 KMT. The company noted that capacity expansion projects in the United States and Saudi Arabia are planned for commissioning in FY27 to augment production.

Management issued guidance for FY27 with revenue targeted at Rs 200 bn and EBITDA guided at Rs 28.5 bn, implying growth of 19 per cent and 20 per cent respectively over FY26 actuals. The global consolidated order book stands at approximately Rs 253.5 bn, supporting near term visibility. The presentation also outlined sustainability goals including carbon neutrality and water neutrality by 2040 and highlighted the Sintex brand initiatives in tanks and pipes.

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