Welspun Corp announced a robust performance for Q2FY26, marked by significant growth in sales volume and profitability. The company’s EBITDA surged by 36% YoY to ₹626 crore, driven by improved operational performance. With a strong order book valued at approximately ₹23,500 crore, Welspun Corp is positioned for sustained growth. The company’s focus on project execution and efficient capital management has led to a strengthened balance sheet and reduced finance costs.
Financial Highlights for Q2FY26
Welspun Corp reported a substantial increase in total income for Q2FY26, reaching ₹4,409 crore, a 31% increase compared to Q2FY25. The company’s EBITDA saw a significant surge of 36%, climbing to ₹626 crore. Profit before tax and share of JVs also witnessed remarkable growth, soaring by 70% to ₹493 crore. The Earnings Per Share (EPS) increased by 52%, reaching ₹16.7.
Operational Performance
The company’s sales volume for line pipes (India + USA) reached 252 KMT in Q2FY26, representing a 22% YoY increase. DI pipes sales volume was recorded at 79 KMT, also a 22% increase YoY. Significant growth was also observed in stainless steel bars, with sales volume increasing by 81% to 7.1 KMT.
Healthy Balance Sheet
Welspun Corp’s balance sheet remains robust, with net debt significantly reduced. The Net Debt/EBITDA ratio stands at (0.0) for H1FY26, showcasing improved financial leverage.
Growth Drivers and Future Outlook
Welspun Corp’s performance has consistently exceeded guidance in terms of EBITDA and ROCE. For fiscal year FY26, the company projects revenue of ₹17,500 crore and EBITDA of ₹2,200 crore. The company has a strong order book valued at approximately ₹23,500 crore as of October 25, 2025, providing revenue visibility for upcoming quarters.
Business Environment
Welspun Corp is strategically positioned to capitalize on emerging opportunities in the USA, KSA, and India. In the USA, increasing demand for natural gas pipelines and data center infrastructure is driving growth. In KSA, investments in water security and oil & gas projects are creating significant demand for line pipes. In India, government initiatives for water resource management and pipeline infrastructure are expected to fuel growth.
Project Updates
The company is actively progressing with its ongoing projects, including the HFIW Plant and LSAW Plant in the USA, and the DI Pipes Plant and LSAW Plant in KSA. Domestic projects are also on track, with the Spiral Plant already commissioned in Bhopal.
Commitment to Sustainability (ESG)
Welspun Corp is dedicated to sustainability and has achieved strong ESG ratings. The company’s long-term sustainability goals include carbon neutrality and water neutrality by 2040, and zero waste to landfill.
Source: BSE
