Welspun Corp Ltd (WCL), the flagship company of Welspun World, has announced its consolidated financial results for the quarter ending December 31, 2024, highlighting steady improvements in revenue and profitability. The company experienced solid financial growth during the latest quarter, with revenue increasing by 9% quarter-on-quarter (QoQ). EBITDA rose by 3% QoQ, and adjusted profit after tax (PAT) saw a 4% QoQ increase.
Compared to the same period last year (YoY), both EBITDA and adjusted PAT showed moderate growth, rising by 1% and 2%, respectively. These positive results reflect the company’s strong performance across its operations.
For the first nine months of FY25, the company is on track to exceed its full-year EBITDA guidance, demonstrating continued operational strength. The Return on Capital Employed (ROCE) is aligning with the target of 20%, and the leverage ratio remains healthy, indicating a balanced approach to financial management and growth.
The company’s order book remains robust, with total orders surpassing ₹15,000 crore. These orders span several key areas, including line pipes in India and the US, ductile iron (DI) pipes, and stainless steel bars and pipes, which provides a solid foundation for continued growth and revenue generation in the coming quarters.
Geographically, the company has expanded its presence in key markets such as India, the USA, and Saudi Arabia (KSA). This expansion is supported by strategic investment projects that are progressing as planned, positioning the company to capitalize on opportunities in these regions and further diversify its operations.
Looking at the US market, the outlook has significantly improved, particularly in the Oil & Gas sector. The US mill is fully booked for the next eight quarters, demonstrating the strong demand for its products. Additionally, the company’s LSAW plant in India is also fully booked for exports, which is contributing positively to its margins. The production of DI pipes has ramped up steadily, supported by the ₹67,000 crore allocation for the Jal Jeevan Mission, which is expected to sustain strong demand for these products in the long term.
The company continues to expand its Sintex business, focusing on strengthening its channels and building its brand. A soft launch of plastic pipes is planned for Q1FY26, further enhancing its product portfolio and positioning for future growth.
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.
