Latest news with #WelspunCorp
Business Standard
a day ago
- Business
- Business Standard
Welspun Corp consolidated net profit rises 41.20% in the June 2025 quarter
Sales rise 13.20% to Rs 3551.49 croreNet profit of Welspun Corp rose 41.20% to Rs 350.42 crore in the quarter ended June 2025 as against Rs 248.18 crore during the previous quarter ended June 2024. Sales rose 13.20% to Rs 3551.49 crore in the quarter ended June 2025 as against Rs 3137.23 crore during the previous quarter ended June EndedJun. 2025Jun. 2024% 13 OPM %14.7811.92 -PBDT545.83390.07 40 PBT461.05305.24 51 NP350.42248.18 41 Powered by Capital Market - Live News
News18
2 days ago
- 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.
Business Upturn
2 days ago
- Business
- Business Upturn
Welspun Corp shares jump 7% as Q1 revenue rises 13.2% YoY to Rs 3,551.5 crore, EBITDA up 40.4% YoY
Welspun Corp shares surged 7% today, following the company's impressive Q1 FY26 earnings. The stock touched an intraday high of ₹928.20, compared to the previous close of ₹863.00. It traded between ₹858.05 and ₹928.20 during the session, not far from its 52-week high of ₹994.00. As of 3:02 PM, the shares were trading 6.70% higher at Rs 920.85. The steel pipes major posted a 41.2% year-on-year jump in consolidated net profit at ₹350.4 crore for the quarter ended June 2025, up from ₹248 crore in Q1 FY25. Revenue also rose 13.2% YoY to ₹3,551.5 crore, compared to ₹3,137.2 crore in the same quarter last year. Operational performance remained strong, with EBITDA rising 40.4% to ₹526 crore. The EBITDA margin improved sharply to 15%, up from 12% in Q1 FY25, highlighting efficiency gains and cost discipline. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Mint
02-07-2025
- Business
- Mint
Nifty Metal index up 2%; JSW Steel, Tata Steel lead the pack
Metal stocks extended gains for second consecutive day in Wednesday's trading session. The Nifty Metal index climbed 1.67 per cent to reach 9,724.40, marking a total gain of nearly 2 per cent over two straight trading sessions. Meanwhile, the key equity indices witnessed modest losses in early afternoon trading, pressured by mixed global cues that dampened investor sentiment. The Nifty slipped below the 25,500 mark. Metal and mining stocks witnessed a largely positive trading session, with several major players registering notable gains. JSW Steel led the pack with a strong rise of 2.87%, closely followed by Tata Steel, which advanced 2.85%, reflecting robust investor sentiment in the steel sector. Welspun Corp and Jindal Steel & Power also showed solid upward movement, gaining 2.73% and 2.56% respectively. These gains showcased increased optimism around infrastructure demand and global commodity trends. Aluminium and diversified metal companies also contributed to the rally. National Aluminium Company gained 2.4%, while Steel Authority of India (SAIL) rose 2.34%, further reinforcing the bullish trend across the metal space. Vedanta and Hindalco Industries posted modest gains of 1.22% and 1.21%, respectively, driven by stability in base metal prices. Meanwhile, Jindal Stainless edged up 0.8% and Hindustan Zinc saw a marginal increase of 0.48%, rounding off the list of gainers. However, not all stocks in the sector participated in the uptrend. Lloyds Metals & Energy declined by 2.06%, emerging as the top laggard among metal stocks. APL Apollo Tubes also slipped 1.39%, and NMDC registered a minor loss of 0.1%. These declines suggest that while the overall sector showed strength, selective profit booking and company-specific factors weighed on some counters. Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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.
