Welspun Corp Ltd (WCL), the flagship company of Welspun World, has announced its consolidated financial results for the quarter and full financial year ended March 31, 2025. The company delivered a record-breaking performance for FY25, with EBITDA reaching Rs 1,858 crore, exceeding its earlier guidance of Rs 1,700 crore.
Return on Capital Employed (ROCE) stood at 21%, marking the second consecutive year of exceeding performance benchmarks. For Q4, EBITDA increased by approximately 22% year-on-year, while adjusted Profit After Tax (excluding exceptional items) rose by 11% year-on-year, reflecting consistent quarterly improvement. The company’s order book remains strong, valued at over Rs 19,500 crore, covering key product segments such as 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 eight quarters.
Strategic focus continues on core geographies—India, USA, and Saudi Arabia—with investment projects in these markets progressing as planned. New project announcements reinforce the company’s commitment to high-priority business segments and maintaining leadership in its industry.
Welspun Corp successfully reduced its gross debt by around Rs 1,000 crore during FY25, despite incurring capital expenditure of approximately Rs 900 crore, and has now become a net cash company with a surplus of Rs 1,049 crore. The Board of Directors has recommended a dividend of Rs 5 per equity share. The company’s associate, East Pipes Integrated Company for Industry in Saudi Arabia, recorded robust revenue growth and profitability during the year.
The business outlook remains strong over the next two years. For FY26, the company has issued guidance of Rs 17,500 crore in revenue, Rs 2,200 crore in EBITDA, and ROCE of over 20%, with Net Debt to EBITDA projected to remain below 1x. Market conditions in the United States are favorable, supported by government focus on the oil and gas sector.
Domestically, line pipe exports have strengthened the business, while other segments, including ductile iron pipes, stainless steel products, Sintex operations, and TMT rebars, have also delivered stable performance. Sintex’s expansion into OPVC and other plastic piping systems is progressing steadily, in line with the company’s diversification strategy and growth in building materials.
Welspun Corp Ltd (WCL), the flagship company of Welspun World, operates a diverse business portfolio spanning pipe solutions and building materials. Recognized among the top three global manufacturers of large-diameter pipes, WCL has built a strong presence across six continents and 50+ countries, offering customized solutions for both onshore and offshore applications. In the Pipe Solutions segment, WCL manufactures Ductile Iron (DI) Pipes, along with Stainless Steel Pipes, Tubes & Bars, catering to critical infrastructure needs.
In the Building Materials segment, WCL has expanded its portfolio with the acquisition of Sintex-BAPL, a market leader in water storage tanks and plastic products. Additionally, the company produces TMT Rebars under the Welspun Shield brand, supporting the construction and infrastructure sectors.
WCL operates state-of-the-art manufacturing facilities in Anjar (Gujarat), Bhopal (Madhya Pradesh), Mandya (Karnataka), and Jhagadia (Gujarat) in India, along with six plants for its Sintex business. Internationally, WCL has manufacturing units in Little Rock, Arkansas (USA), and Dammam (KSA). On the sustainability front, WCL ranks among the top 4 percentile in the steel industry as per S&P Global’s Dow Jones Sustainability Index (DJSI) for FY24, reinforcing its commitment to responsible and sustainable business practices.
