Earnings Review
Welspun Corp Q1 PAT up threefold, beats Street view
This story was originally published at 16:56 IST on 24 July 2026
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--Welspun Corp Apr-Jun consol net profit INR 10.46 bln
--Analysts saw Welspun Corp Apr-Jun consol net profit INR 3.98 bln
--Welspun Corp Apr-Jun consol revenue INR 40.81 bln
--Analysts saw Welspun Corp Apr-Jun consol revenue INR 46.48 bln
--Welspun Corp Apr-Jun consol PAT INR 10.46 bln vs INR 3.50 bln year ago
--Welspun Corp Apr-Jun consol revenue INR 40.81 bln vs INR 35.51 bln yr ago
--Welspun Corp Apr-Jun consol operating EBITDA margin 19.73% vs 16.21% yr ago
--Welspun Corp gets one-time gain INR 5.5 bln Q1 on stake sale by associate co
--Welspun Corp Apr-Jun steel segment sales at INR 39.06 bln vs INR 33.93 bln
--Welspun Corp Apr-Jun consol EBITDA INR 7.56 bln vs INR 5.60 bln yr ago
By Ayush Jaiswal
MUMBAI – Welspun Corp. Ltd. Friday reported a three-fold growth in its consolidated net profit for the June quarter, driven by a one-time gain from a stake sale by an associate company. The company's net profit growth beat the Street's view by a wide margin. The company's top line also reported strong growth.
The pipe manufacturer posted a consolidated net profit of INR 10.46 billion for the June quarter, up from INR 3.50 billion for the year-ago quarter. Analysts had estimated the company's net profit at INR 3.98 billion. The rise in net profit was driven by a one-time gain of INR 5.5 billion from the stake sale in East Pipes Integrated Company for Industry by Welspun Mauritius Holdings Ltd.
Welspun Corp.'s revenue from operations rose 15% on year to INR 40.81 billion for the quarter from INR 35.51 billion. Analysts had estimated the company's revenue from operations at INR 46.48 billion. The company's total expenses rose 12% on year to INR 35.59 billion. The company's largest expense, cost of materials consumed, declined 16% on year to INR 23.32 billion.
The company's revenues from its steel products segment rose 15% on year to INR 39.06 billion from INR 33.93 billion. The company's operating earnings before interest, tax, depreciation, and amortisation margin rose to 19.73% in the June quarter from 16.21% in the year-ago quarter.
The company's consolidated EBITDA was up 35% on year at INR 7.56 billion. The company has guided for an EBITDA of INR 28.50 billion in the financial year 2026-27 (Apr-Mar). The company's EBITDA for the June quarter is 27% of the total guidance for FY27. This was a slightly better performance than last year, when the company had achieved 25% of full year EBITDA guidance in the first quarter.
Welspun Corp.'s global order book stood at INR 247.50 billion as of Jun. 30. "We have started the new financial year on a strong note, delivering our highest-ever quarterly EBITDA and robust bottom-line growth," Vipul Mathur, managing director and chief executive officer, said in a presentation. "Our strategic expansions in the USA and KSA (Kingdom of Saudi Arabia) are on track for commissioning within FY27 — further enhancing our global presence and reinforcing our leadership position in the global line pipe industry," he added.
Friday, shares of the company closed at INR 1,596.9 apiece on the National Stock Exchange, down 1% from Thursday, after the company disclosed its results. End
Edited by Shubhayan Bhattacharya
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