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News18
29-07-2025
- Business
- News18
Welspun Corp Q1 profit rises 41 pc to Rs 349 cr
Agency: PTI New Delhi, Jul 29 (PTI) Welspun Corp Ltd (WCL) on Tuesday posted around 41 per cent growth in consolidated net profit to Rs 349.16 crore for June quarter, driven by higher revenues mainly from steel products. Welspun Corp, the flagship company of USD 5 billion Welspun World, had clocked a net profit of Rs 247.03 crore in the April-June period of preceding 2024-25 financial year. In the first quarter, income increased to Rs 3,586.52 crore from Rs 3,179.67 crore in the same period a year ago, it said in an exchange filing. Revenue from steel products segment was at Rs 3,393.06 crore, higher from Rs 3,137.23 crore in the year-ago quarter. In an investor presentation, the company said its orderbook has reached to the level of Rs 19,000 crore in line pipes, ductile iron (DI) pipes and SS bars and pipes. Welspun Corp said it is investing around Rs 5,482 crore in India and abroad on various projects which are on track and scheduled to be completed by FY27. Sharing outlook for line pipes, the company said it continues to observe strong demand for Longitudinal Submerged Arc Welding (LSAW) pipes for critical applications such as deep offshore. The demand will also remain on the back of growing demand from oil and gas and water sectors. As per company data, its gross debt was Rs 1,032 crore in Q1FY26. Weslpun Corp is among the top three manufacturers of large-diameter pipes globally and has established footprint across 50+ countries by delivering key customised solutions for both onshore and offshore applications. It also manufactures DI pipes and stainless steel pipes, tubes and bars. PTI ABI ANU view comments First Published: July 29, 2025, 17:00 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
Mint
26-06-2025
- Business
- Mint
From ₹79 to ₹937: Welspun Corp delivers 1,075% multibagger returns in 5 years
Shares of Welspun Corp Limited, a key player in steel pipes and infrastructure solutions, have delivered multibagger returns to long-term investors. The stock soared 1,075 percent in the last five years, jumping from ₹ 79.75 in June 2020 to its recent close at ₹ 937.25. In three years, it gained nearly 340 percent, while in the last two years alone, the stock surged by 255 percent. An investment of ₹ 10,000 made in June 2020 would now be worth around ₹ 1.17 lakh. The stock's performance in the short term has also remained relatively robust. It climbed nearly 73 percent over the last 12 months and is up about 8 percent year-to-date in 2025. While the stock remained largely flat in June, inching up by just 0.1 percent, it had rallied 22 percent in May. This followed a nearly 12 percent correction in April after an 18 percent gain in March. In the initial months of the year, January and February, the stock declined by 9 percent and 0.7 percent, respectively. Welspun Corp hit a 52-week high of ₹ 994 on June 10 and a low of ₹ 664.30 on April 7. Financially, the company continues to impress. For the March 2025 quarter, Welspun Corp reported a consolidated net profit of ₹ 699.19 crore, marking a 143 percent increase from ₹ 287.28 crore in the same quarter of the previous year. However, revenue declined to ₹ 3,966.86 crore in Q4 FY25 from ₹ 4,543.70 crore in Q4 FY24. The reduction in expenses to ₹ 3,639.32 crore from ₹ 4,292.37 crore helped shore up profitability. For the full financial year ended March 2025, the company posted a total income of ₹ 14,167 crore, with a stellar 71.8 percent year-on-year growth in net profit to ₹ 1,908 crore. Operating EBITDA came in at ₹ 1,858 crore, with margins of 13.1 percent. Management has guided for a 25 percent year-on-year revenue growth in FY26, targeting ₹ 17,500 crore in revenue. EBITDA is also projected to rise 18 percent to ₹ 2,200 crore. The company expects to maintain a return on capital employed (RoCE) above 20 percent, reflecting disciplined and efficient capital use. Adding to its momentum, Welspun Corp recently secured a repeat export order for supplying 50 kilometers of Longitudinal Submerged Arc Welded (LSAW) Pipes and Bends for a major offshore project in the Middle East. Since May 7, 2025, the company has received export orders worth nearly ₹ 450 crore for its Indian pipe facilities, which will be executed across FY26 and FY27. Welspun Corp operates across steel and plastic product segments and has evolved into a diversified service provider. Its offerings include welded line pipes, ductile iron pipes, stainless steel pipes, tubes, and bars. The company also manufactures hot-rolled steel plates and coils. According to Systematix Institutional Equities, Welspun Corp remains a major player in the large-diameter pipe segment across India, the US, and Saudi Arabia, with a manufacturing capacity of 2.3 million tonnes. Systematix noted, 'Welspun's strategic foray into building materials is on track for a prolonged expansion phase and targets increasing Sintex's market share in water storage tanks to over 15 percent over the next 3-4 years.' The brokerage has initiated coverage with a 'Buy' rating and a sum-of-the-parts-based target price of ₹ 1,006 per share.
Mint
26-06-2025
- Business
- Mint
From ₹79 to ₹937: Welspun Corp delivers 1,075% multibagger returns in 5 years
Shares of Welspun Corp Limited, a key player in steel pipes and infrastructure solutions, have delivered multibagger returns to long-term investors. The stock soared 1,075 percent in the last five years, jumping from ₹ 79.75 in June 2020 to its recent close at ₹ 937.25. In three years, it gained nearly 340 percent, while in the last two years alone, the stock surged by 255 percent. An investment of ₹ 10,000 made in June 2020 would now be worth around ₹ 1.17 lakh. The stock's performance in the short term has also remained relatively robust. It climbed nearly 73 percent over the last 12 months and is up about 8 percent year-to-date in 2025. While the stock remained largely flat in June, inching up by just 0.1 percent, it had rallied 22 percent in May. This followed a nearly 12 percent correction in April after an 18 percent gain in March. In the initial months of the year, January and February, the stock declined by 9 percent and 0.7 percent, respectively. Welspun Corp hit a 52-week high of ₹ 994 on June 10 and a low of ₹ 664.30 on April 7. Financially, the company continues to impress. For the March 2025 quarter, Welspun Corp reported a consolidated net profit of ₹ 699.19 crore, marking a 143 percent increase from ₹ 287.28 crore in the same quarter of the previous year. However, revenue declined to ₹ 3,966.86 crore in Q4 FY25 from ₹ 4,543.70 crore in Q4 FY24. The reduction in expenses to ₹ 3,639.32 crore from ₹ 4,292.37 crore helped shore up profitability. For the full financial year ended March 2025, the company posted a total income of ₹ 14,167 crore, with a stellar 71.8 percent year-on-year growth in net profit to ₹ 1,908 crore. Operating EBITDA came in at ₹ 1,858 crore, with margins of 13.1 percent. Management has guided for a 25 percent year-on-year revenue growth in FY26, targeting ₹ 17,500 crore in revenue. EBITDA is also projected to rise 18 percent to ₹ 2,200 crore. The company expects to maintain a return on capital employed (RoCE) above 20 percent, reflecting disciplined and efficient capital use. Adding to its momentum, Welspun Corp recently secured a repeat export order for supplying 50 kilometers of Longitudinal Submerged Arc Welded (LSAW) Pipes and Bends for a major offshore project in the Middle East. Since May 7, 2025, the company has received export orders worth nearly ₹ 450 crore for its Indian pipe facilities, which will be executed across FY26 and FY27. Welspun Corp operates across steel and plastic product segments and has evolved into a diversified service provider. Its offerings include welded line pipes, ductile iron pipes, stainless steel pipes, tubes, and bars. The company also manufactures hot-rolled steel plates and coils. According to Systematix Institutional Equities, Welspun Corp remains a major player in the large-diameter pipe segment across India, the US, and Saudi Arabia, with a manufacturing capacity of 2.3 million tonnes. Systematix noted, 'Welspun's strategic foray into building materials is on track for a prolonged expansion phase and targets increasing Sintex's market share in water storage tanks to over 15 percent over the next 3-4 years.' The brokerage has initiated coverage with a 'Buy' rating and a sum-of-the-parts-based target price of ₹ 1,006 per share. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
05-06-2025
- Business
- Business Standard
Welspun Corporation up 6%, hits record high on repeat export order; details
Welspun Corp share price: Welspun Corporation shares were in demand on Thursday, June 6, 2025, with the stock rising up to 6.31 per cent to hit a fresh all-time high (record high) of ₹969.05 per share. Why did Welspun Corporation share price surge in trade? Welspun Corporation share price rose after the company announced that it has secured a repeat export order for supply of 50 kms of LSAW Pipes and Bends, with Anti Corrosion and CWC coating for a project in the Middle East. In an exchange filing, Welspun Corporation, said, 'We are pleased to announce the award of a repeat export order for supply of 50 kms of LSAW Pipes and Bends, with Anti Corrosion and CWC coating. This is for a critical offshore project in the Middle East.' 'This award underlines our commitment to advanced technology, highest quality standards and impeccable track record of servicing sour service requirements, making us a preferred and trusted partner for such critical projects globally,' Welpsun Corporation highlighted. Notably, the company has secured additional orders worth about ₹450 crore for its India pipes facility since its last announcement dated May 7, 2025. 'These orders will be executed in FY26 & FY27,' Welspun Corporation added. About Welspun Corporation Welspun Corp Limited (WCL) is a multinational firm with a diversified business presence across line pipes, home textiles, infrastructure, warehousing, steel, advanced textiles, and flooring solutions. The company holds a dominant position in the global line pipe industry, catering primarily to the oil and gas sector. With manufacturing facilities in India, the USA, and Saudi Arabia, WCL has built a strong international footprint, supplying to key markets in Asia, North America, and the Middle East. Its operations are backed by a focus on technological innovation, sustainability, and high operational efficiency. In addition to its global manufacturing capabilities, the company is known for its comprehensive, end-to-end pipe solutions — from welded and ductile iron pipes to value-added services. The company's customer-centric approach allows it to deliver tailored solutions that align with evolving industry demands.
Business Standard
05-06-2025
- Business
- Business Standard
Welspun Corp bags repeat exports order
Also secures domestic orders worth Rs 450 crWelspun Corp announce the award of a repeat export order for supply of 50 kms of LSAW Pipes and Bends, with Anti Corrosion and CWC coating. This is for a critical offshore project in the Middle East. Further, the company has received additional orders valued at Rs 450 crore from Indian pipes facilities. These orders will be executed in FY26 & by Capital Market - Live News
