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.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..