Welspun Corp Q2 FY26 Earnings Results

WCL is one of the largest manufacturers of large diameter pipes globally. The company also manufactures BIS-certified Steel Billets, TMT (Thermo-Mechanically Treated) Rebars, Ductile Iron (DI) Pipes, Stainless Steel Pipes, and Tubes & Bars. The company acquired Sintex-BAPL, a market leader in water tanks and other plastic products, to expand its building materials portfolio. It has also made strategic acquisition of specified assets of ABG Shipyard.

 

Q2 FY26 Earnings Results:

• Revenue from Operations: ₹4,373 crore, up 32.5% YoY from ₹3,301.8 crore; up 23.1% QoQ.

• Profit After Tax (PAT): ₹444 crore, up 57% YoY from ₹287 crore; up 25.5% QoQ.

• EBITDA: ₹590.8 crore, up 47.7% YoY from ₹400 crore.

• EBITDA Margin: 13.5%, expanded by 140 basis points YoY.

• Earnings Per Share (EPS): ₹16.68, up 52.5% YoY.

• Interest coverage reached 11.97x, best in recent quarters, with interest expenses down significantly.

 

Management Commentary & Strategic Decisions:

• Management cited robust operational performance, strong order execution, and improved cost structure as key profit drivers.

• The order book reached a record ₹23,500 crore, bolstered by international spiral pipe orders, especially US operations.

• Welspun is expanding a spiral pipe order in Little Rock, USA, raising order value by ₹735 crore.

• Focus areas include capacity expansion and adding subsidiaries in Dubai for global investment and growth.

• Financial discipline and cost management continue, supporting margin expansion and lower finance costs.

 

 

Q1 FY26 Earnings Results:

• Revenue from Operations: ₹3,551 crore, up 13.2% YoY from ₹3,137 crore.

• Profit After Tax (PAT): ₹349 crore, up 41.2% YoY from ₹248 crore.

• EBITDA: ₹525 crore, up 40.4% YoY from ₹374 crore.

• EBITDA Margin: 14.8%, up 290 basis points YoY.

• Expenses well-managed, supporting strong margin expansion.

• US spiral pipe order inventory expanded; order book at ₹19,000 crore at quarter-end.

 

To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.