Welspun Corp, a major Indian producer in the steel, sponge iron, and pig iron sectors, reported its Q2 FY25 results with a net profit of ₹287 crore, reflecting a 26.3% decline compared to ₹386.57 crore in the same period last year.
The company attributed this drop to reduced revenue and external market pressures. For the quarter ending September 30, Welspun’s consolidated revenue fell by 18.6% to ₹3,364 crore from ₹4,059.45 crore in the previous year.
In terms of profitability, Q2 FY25 EBITDA was reported at ₹462 crore, with a margin of 14%. The company’s low net debt-to-EBITDA ratio of 0.30x underscores its strong financial position. Operationally, Welspun achieved line pipe sales of 206 kilo metric tonnes (KMT), ductile iron (DI) pipes sales of 65 KMT, stainless steel (SS) bars sales of 3.9 KMT, SS pipes sales of 1.3 KMT, and TMT sales of 41 KMT during the quarter.
As of the end of September, Welspun’s order book stood at approximately ₹12,573 crore, comprising 704 KMT of line pipes worth ₹9,500 crore, 356 KMT of DI pipes valued at ₹2,914 crore, and 5,800 metric tonnes of SS bars and pipes totaling ₹259 crore.
Welspun Corp, part of the Welspun Group, is one of India’s leading manufacturers of pipes, steel, sponge iron, and pig iron. With a diverse product range including line pipes, ductile iron (DI) pipes, stainless steel (SS) bars, and TMT bars, the company caters to industries such as oil and gas, water transmission, construction, and infrastructure development globally.
Known for its focus on innovation and quality, Welspun Corp has built a reputation as a reliable supplier of high-quality piping solutions. The company’s strong financial health, demonstrated by a low debt-to-EBITDA ratio, reflects its robust management and operational efficiency. Despite recent pressures affecting profits, Welspun’s extensive order book and its solid domestic and international presence position it well for future growth, making it a critical player in India’s industrial sector.
