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Earnings Call Transcript

Welspun Corp Earnings Call Transcript: Key Takeaways

Welspun Corp achieved its highest ever quarterly EBITDA of ₹756 crore, driven by a global footprint that insulates it from a muted domestic Indian market where fund constraints are impacting projects.

Highlights
Revenue growthEBITDA grew 35% YoY; highest ever quarterly performance reported.
MarginsUS margins exceptionally high; US guidance is $300 per ton.
Order bookRecord order book of ₹25,750 crore provides robust visibility.
Demand visibilityStrong US data center demand; muted Indian domestic demand.
Management confidenceBalanced, highlighting global resilience vs domestic Indian headwinds.

Growth

EBITDA grew 35% YoY. Profitability is skewed towards the US line pipe market, which commands significant margin premiums.

Outlook

Order book stands at a record ₹25,750 crore ($2.7B). Management expects robust demand visibility into FY28 and FY29 from US data centers.

Risks

Domestic demand for DI pipes is stalling due to fund constraints and industry overcapacity. Geopolitical issues in Saudi Arabia remain a friction point.

Source

Earnings Call Transcript filed with BSE, NSE: WELCORP. Summary written with AI assistance from the document.

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Welspun Corp Ltd: key numbers

Share price
₹2,832.40
Market cap
₹74,716 Cr
Revenue (annual)
₹16,770 Cr
Net profit (annual)
₹1,613 Cr
P/E (TTM)
32.4×Sector 19.0×
Promoter holding
49.73%+0.00% QoQ
FII holding
14.61%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Welspun Corp Ltd

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08:28 IST NSE
New Order Win

Welspun Corp Bags ₹4,000 Cr Order

Welspun Corp's subsidiary secured a record HFIW pipe order valued at ₹4,000 crore. The order will be executed from their US facility during FY28 and FY29.

Value
₹4,000 Cr
Execution
FY28 and FY29
Order book
₹45,000 Cr
22:00 IST BSE
New Order Win

Welspun Corp Bags ₹2,000 Cr Order

Welspun Corp Ltd secured an international order worth ₹2,000 Crore. The counterparty is confidential, and the contract falls within the ordinary course of business.

Value
₹2,000 Cr
21:41 IST NSE
Business Update

Welspun Corp Business Update

Welspun Corp's associate, East Pipes Integrated Company, secured a contract from Saudi Aramco valued at approximately ₹2,000 Crore. This project will be executed over six months.

Value
₹2,000 Cr
From
Saudi Arabian Oil Co. (Aramco)
Execution
6 months
20:13 IST BSE
Merger & Restructuring

Welspun Corp Merger & Restructuring

Welspun Corp Ltd's subsidiary, Welspun DI Pipes Limited, is incorporating a new wholly owned subsidiary, 'Welspun Special Coating Private Limited', to undertake pipe coating business activities.

14:10 IST BSE
Financial Results

Welspun Corp Q1 FY27 Results: Net Profit ₹1,048 Cr, Up 200.1% YoY

Welspun Corp Ltd reported revenue from operations of ₹4,081 Cr (+14.9% YoY) and net profit of ₹1,048 Cr (+200.1% YoY) for Q1 FY27.

Key figure
Net profit ₹1,048 Cr · +200.1% YoY