Welspun Corp Ltd (WCL), the flagship entity of Welspun World, released its consolidated financial results for the quarter ending June 30, 2025, showcasing a robust performance aligned with its annual growth roadmap. Welspun Corp Ltd achieved a significant milestone in the first quarter of FY26 by recording its highest-ever quarterly EBITDA of ₹560 crore. This performance marks the fifth consecutive quarter of steady growth. The company also reported an impressive annualized Return on Capital Employed (ROCE) of 24%, reflecting its efficient capital utilization and operational strength.
In terms of financial performance, total income for Q1FY26 witnessed a year-on-year rise of approximately 13%. EBITDA increased by nearly 35%, while Profit After Tax (PAT) recorded a substantial 41% growth compared to the same period last year, reinforcing WCL’s upward growth trajectory.
The company’s order book continues to remain robust, valued at around ₹19,000 crore. This includes strong demand across various segments such as line pipes in India and the United States, ductile iron (DI) pipes, and stainless steel bars and tubes. Notably, the US manufacturing facility is fully booked for the next two years, offering long-term visibility and stability.
Welspun Corp’s Q1FY26 performance aligns well with its full-year guidance, indicating that the company is on track to meet its business and financial targets for FY26. This consistency demonstrates sound planning and execution across its operations.
During the quarter, the company incurred a capital expenditure of approximately ₹450 crore. Despite this investment, WCL maintained a strong net cash position with ₹600 crore in cash and bank balances, showcasing prudent financial management and liquidity control.
The company continues to concentrate on its key geographies—India, the United States, and Saudi Arabia. Strategic expansion projects in all three regions are advancing as scheduled, reaffirming WCL’s long-term commitment to these critical markets.
In Saudi Arabia, WCL’s associate company, East Pipes Integrated Company for Industry (EPIC), delivered a solid performance. The results were driven by a strong volume uptick and an improved product mix, contributing positively to the company’s consolidated results.
Meanwhile, the US market outlook remains optimistic, backed by current government support for oil and gas infrastructure. On the domestic front, the line pipes business showed strong momentum, aided by healthy export demand. Other business segments—including DI pipes, stainless steel products, Sintex, and TMT rebars—performed in line with expectations. Sintex launched its pipe range in Chhattisgarh in May 2025, and the new OPVC pipe plant in Bhopal is expected to be operational from the second quarter of FY26.
WCL is a key pillar of Welspun World, one of India’s fastest-growing multinational conglomerates with leadership across sectors such as line pipes, building materials, infrastructure, textiles, and home solutions.
As a global manufacturer of large diameter pipes, WCL serves customers in over 50 countries across six continents with bespoke solutions for both onshore and offshore applications. Its product range also includes DI pipes, TMT rebars, BIS-certified steel billets, and stainless steel products.
The company’s production capabilities span major locations in Anjar, Bhopal, Mandya, and Jhagadia within India. Internationally, it operates a facility in Little Rock, Arkansas, USA, with another upcoming unit in Saudi Arabia dedicated to Line and DI pipes.
WCL’s growth strategy includes broadening its product portfolio and capturing new market segments through both organic expansion and acquisitions. Its purchase of Sintex-BAPL, a recognized leader in water storage and plastic products, marked an entry into the OPVC pipes segment—further strengthening its building materials portfolio.
