Welspun Corp Reports Record Rs 5.6 Billion EBITDA in Q1 FY26

30 Jul 2025 CW Team

Welspun Corp Ltd (WCL), the flagship company of Welspun World, announced its consolidated financial results for the quarter ended 30 June 2025, reporting its highest-ever quarterly EBITDA of Rs 5.6 billion, with a strong year-on-year (YoY) growth trajectory sustained over five consecutive quarters.

Total income for Q1 FY26 rose by 12.8 per cent YoY to Rs 35.87 billion. EBITDA surged 34.5 per cent to Rs 5.6 billion, while profit after tax increased by 41.2 per cent to Rs 3.5 billion. The company also reported an annualised Return on Capital Employed (ROCE) of 24 per cent.

WCL closed the quarter with a robust order book worth approximately Rs 190 billion, covering line pipes in India and the US, ductile iron pipes, and stainless steel bars and pipes. The US mill is fully booked for the next two years.

Despite incurring capital expenditure of approximately Rs 4.5 billion during the quarter, WCL maintained a healthy net cash position, with Rs 6 billion in cash and bank balances.

The company’s strategic focus on core geographies—India, the United States, and the Kingdom of Saudi Arabia (KSA)—continues to yield results. Key investment projects in these regions are on track. Its associate, East Pipes Integrated Company for Industry (EPIC) in KSA, reported strong performance driven by higher volumes and an optimised product mix.

In the domestic market, line pipe operations remain robust, with solid export performance. Other segments, including ductile iron pipes, stainless steel bars and tubes, Sintex products, and TMT rebars, met expectations for the quarter.

Sintex launched its pipe range in Chhattisgarh in May 2025, while its Bhopal plant for OPVC pipes is expected to be operational from Q2 FY26.

The outlook for the US market remains favourable, supported by the current administration's continued investment in oil and gas infrastructure.

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