Welspun Corp announced robust Q3 FY26 results, showcasing a 35% increase in EBITDA to ₹645 Cr. The company’s total income rose by 25% to ₹4,532 Cr. Operational performance was strong across segments, with significant volume growth in DI Pipes and Stainless Steel Pipes. The company has a healthy order book valued at approximately ₹23,600 Cr, with exports and domestic projects driving growth. Welspun is committed to sustainability goals.
Financial Highlights
Welspun Corp reported a strong financial performance for Q3 FY26, with significant growth in key metrics:
- Total Income: Increased by 25% to ₹4,532 Cr compared to ₹3,614 Cr in Q3 FY25.
- EBITDA: Rose by 35% to ₹645 Cr from ₹478 Cr in the same period last year.
- Profit before tax and share of JVs: Increased significantly by 65% to reach ₹502 Cr.
- EPS (Basic): Reported at ₹17.2.
Operational Performance
The company witnessed positive growth in sales volume across key segments:
- Line Pipes (India + USA): Sales volume increased to 265 KMT, a 13% increase year-over-year.
- DI Pipes: Sales volume increased significantly by 39% to 92 KMT.
- Stainless Steel Bars: Sales volume increased to 6.1 KMT, a 22% increase year-over-year.
- Stainless Steel Pipes: Recorded a substantial increase of 50% in sales volume, reaching 1.6 KMT.
Order Book
As of January 21, 2026, the company’s total order book value stands at approximately ₹23,600 Cr.
Guidance vs Actual
The company is progressing towards its fiscal year guidance:
- Revenue: ₹12,458 Cr achieved against a guidance of ₹17,500 Cr.
- EBITDA: ₹1,831 Cr achieved against a guidance of ₹2,200 Cr.
- ROCE: Achieved 24% against a guidance of greater than 20%.
Business Environment & Strategy
Welspun Corp is focusing on key sectors and leveraging opportunities in the USA, KSA, and India:
- USA: Capitalizing on increasing LNG exports, the need for power from AI Data Centers, and innovations in hydrogen-compatible infrastructure.
- KSA: Benefiting from Saudi Aramco’s increased capex and the focus on gas production and infrastructure development.
- India: Targeting growing LNG projects, expanding pipeline infrastructure, and the development of new energy pipelines.
Sustainability
Welspun is committed to ESG goals, with a focus on carbon neutrality by 2040 and water neutrality by 2040 and also strives for zero waste to landfill.
Source: BSE
