Welspun Corp Limited has announced robust financial results for Q2 and H1FY27. EBITDA surged by 30% to ₹1,538 crore for H1FY27. The company also achieved an all-time record order book of approximately ₹50,000 crore, providing strong medium to long-term business visibility. Net cash position improved, and ROCE stood at ~23%, reflecting strong operational and financial health.
Welspun Corp Reports Strong Q2 & H1FY27 Performance
Welspun Corp Limited showcased strong operational and financial performance for the second quarter and the first half of the financial year 2027. The company reported a significant 30% growth in EBITDA for H1FY27, reaching ₹1,538 crore. This performance is against the full-year guidance of ₹2,850 crore and indicates a positive trajectory for the fiscal year.
Record Order Book and Financial Health
A key highlight of the announcement is the company’s order book, which has reached an all-time record high of approximately ₹50,000 crore. This substantial order book provides strong medium to long-term business visibility. Furthermore, Welspun Corp reported an improvement in its net cash position and a Return on Capital Employed (ROCE) of around 23%.
Strategic Expansion in Key Markets
The company is strengthening its manufacturing footprint in response to high demand visibility in the USA and the Middle East. Welspun Corp is adding a new spiral pipe facility in the USA and establishing a greenfield spiral pipe facility in Jordan through a joint venture with Perma-Pipe. These strategic expansions are aimed at reinforcing its position in the global line pipe industry and entering new markets.
Focus on Core Strengths and Sustainability
Welspun Corp remains focused on its core products and geographies, emphasizing prudent capital allocation, strong supplier-customer relationships, innovation, and capability building. The company also reiterated its commitment to sustainability, with its agenda guiding responsible manufacturing and long-term value creation.
Key Financial Highlights (H1FY27 vs H1FY26):
- Revenue from Operations: Increased by 10% to ₹8,725 crore from ₹7,925 crore.
- EBITDA: Increased by 30% to ₹1,538 crore from ₹1,186 crore.
- Profit Before Tax (PBT): Increased by 33% to ₹1,200 crore from ₹905 crore.
- Profit After Tax (PAT): Increased by 96% to ₹1,545 crore from ₹790 crore. (Note: H1FY27 PAT includes a one-time gain of INR 548 crore on partial stake sale in EPIC (KSA)).
- EPS: Increased by 95% to ₹58.6 from ₹30.0.
Key Financial Highlights (Q2FY27 vs Q2FY26):
- Revenue from Operations: Increased by 6% to ₹4,644 crore from ₹4,374 crore.
- EBITDA: Increased by 25% to ₹782 crore from ₹626 crore.
- Profit Before Tax (PBT): Increased by 25% to ₹614 crore from ₹493 crore.
- Profit After Tax (PAT): Increased by 14% to ₹499 crore from ₹440 crore.
- EPS: Increased by 13% to ₹18.9 from ₹16.7.
Balance Sheet Strength
The company’s balance sheet remains strong, with a Net Debt to EBITDA ratio of less than 1x. The net cash position at H1FY27 stood at -₹3,887 crore after capex of approximately ₹1,616 crore. ROCE has shown a consistent upward trend, reaching 22.7% for H1FY27 (annualized).
Source: BSE
