Welspun Corp Ltd (WCL), the flagship entity of Welspun World, announced its consolidated Q1FY26 results, showcasing a landmark performance with the highest-ever quarterly EBITDA of Rs560 crore. The company also reported a 41% YoY jump in Profit After Tax, with annualized ROCE touching 24%.
Total income for the quarter grew ~13% YoY, while EBITDA surged ~35%. WCL maintained a strong net cash position despite capex of ~Rs450 crore, supported by Rs600 crore in cash and bank balances.
The company’s robust order book, valued at ~Rs19,000 crore, spans key segments including line pipes (India & US), ductile iron (DI) pipes, and stainless steel bars and pipes. The US mill is booked solid for the next two years, confirming positive momentum.
Operational visibility has improved across Welspun’s core geographies—India, USA, and Saudi Arabia (KSA)—with strategic investment projects progressing on schedule. Its associate firm, East Pipes Integrated Company for Industry (EPIC) in KSA, reported strong performance due to higher volumes and an optimized product mix.
Domestic line pipe performance has remained strong, with export-driven growth. Other segments, including DI pipes, stainless steel bars & tubes, Sintex, and TMT rebars, aligned well with Q1 expectations. Notably, Sintex launched new pipes in Chhattisgarh this May, while its OPVC pipe plant in Bhopal is set to become operational in Q2 FY26.
The US market outlook is promising, aided by the administration's sustained emphasis on oil and gas infrastructure, further reinforcing Welspun’s global competitiveness.
