{"id":179058,"date":"2026-02-02T09:04:26","date_gmt":"2026-02-02T14:04:26","guid":{"rendered":"https:\/\/alphastreet.com\/india\/?p=179058"},"modified":"2026-02-02T09:04:26","modified_gmt":"2026-02-02T14:04:26","slug":"welspun-corp-reports-35-ebitda-growth-in-q3-fy26-amid-strong-order-book","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/welspun-corp-reports-35-ebitda-growth-in-q3-fy26-amid-strong-order-book\/","title":{"rendered":"Welspun Corp Reports 35% EBITDA Growth in Q3 FY26 Amid Strong Order Book"},"content":{"rendered":"\n

Welspun Corp Ltd (WELCORP:NSE)<\/strong> share price gained 3.27% intraday to \u20b9756.75 by 3:19 PM IST on 2 February 2026 following the 30 January Q3 FY26 results release, with market cap at \u20b919,389 crore. At market close, the stock settled at \u20b9737.05, up from the prior close of \u20b9729.70, reflecting positive response to consolidated total income of \u20b94,532 crore (up 25% YoY) and EBITDA of \u20b9645 crore (up 35% YoY), backed by a \u20b923,600 crore order book.<\/p>\n\n\n\n

Quarterly Results<\/strong><\/h2>\n\n\n\n

Consolidated total income for Q3 FY26 reached \u20b94,532 crore, representing a 25% year-over-year increase from \u20b93,614 crore and a 4% sequential rise from \u20b94,374 crore. EBITDA grew to \u20b9645 crore from \u20b9478 crore a year earlier, despite the quarter reflecting a one-time cost of \u20b925.2 crore associated with gratuity and leave encashment provisions under the new labor code. Profit before tax and share of joint ventures increased to \u20b9502 crore, up from \u20b9305 crore in Q3 FY25.<\/p>\n\n\n\n

Profit after tax attributable to shareholders was reported at \u20b9453 crore, compared with \u20b9675 crore in the prior-year period. The year-over-year decline in net profit is attributed to a one-time gain of \u20b9378 crore recorded in Q3 FY25 from the sale of shares in an associate company, East Pipes Integrated Company for Industry. Finance costs for the quarter declined to \u20b951 crore from \u20b982 crore.<\/p>\n\n\n\n

Annual Performance Context<\/strong><\/h2>\n\n\n\n

For the nine months ended December 31, 2025 (9M FY26), Welspun Corp reported a consolidated EBITDA of \u20b91,831 crore with an EBITDA margin of 14.7%, reflecting a multi-year trend of margin expansion. The company reiterated its full-year guidance of \u20b917,500 crore in revenue and \u20b92,200 crore in EBITDA.<\/p>\n\n\n\n

Current 9M FY26 performance shows progress with revenue at \u20b912,458 crore and an annualized return on capital employed (ROCE) of 24%, which exceeds the company\u2019s 20% target. Net debt stood at \u20b9132 crore following capital expenditures of \u20b91,722 crore, resulting in a net debt-to-EBITDA ratio of negative 0.06 times on a trailing basis, down from 1.41 times in FY23.<\/p>\n\n\n\n

Business and Operations Update<\/strong><\/h2>\n\n\n\n

The consolidated order book as of January 21, 2026, totaled \u20b923,600 crore, covering line pipes in India and the US, ductile iron pipes, and stainless steel products. Line pipe sales volumes in India and the US rose to 265 thousand metric tonnes (KMT) in Q3 FY26 from 235 KMT year-over-year.<\/p>\n\n\n\n

Ductile iron pipe volumes increased 39% to 92 KMT, while stainless steel bars and pipes recorded volume growth of 22% and 50% respectively. Welspun Specialty Solutions reported improved performance due to higher volumes and operational initiatives. The Sintex building materials business expanded its market visibility across seven Indian states through dealer additions and new product launches.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Forward Outlook<\/strong><\/h2>\n\n\n\n

Demand for line pipes in the US is supported by energy infrastructure, LNG exports, and data center pipeline requirements, with the Little Rock mill booked through FY28. In Saudi Arabia, increased capital expenditure by Saudi Aramco and the development of hydrogen infrastructure are expected to support the company\u2019s new LSAW pipe facility.<\/p>\n\n\n\n

In India, demand for line pipes and ductile iron pipes is anticipated to be driven by government-led gas transmission and water supply projects. Management indicated it is on track to meet or exceed FY26 guidance while maintaining a focus on carbon and water neutrality goals.<\/p>\n\n\n\n

Performance Summary<\/strong><\/h2>\n\n\n\n

Welspun Corp achieved year-over-year growth in revenue and EBITDA for Q3 FY26, supported by lower finance costs and a robust order book. Net debt remained minimal despite substantial capital expenditure, contributing to a 24% annualized ROCE. Operational growth was observed across line pipes, ductile iron, and stainless steel segments, while the company maintains its original FY26 financial guidance metrics.<\/p>\n","protected":false},"excerpt":{"rendered":"

Welspun Corp Ltd (WELCORP:NSE) share price gained 3.27% intraday to \u20b9756.75 by 3:19 PM IST on 2 February 2026 following the 30 January Q3 FY26 results release, with market cap at \u20b919,389 crore. At market close, the stock settled at \u20b9737.05, up from the prior close of \u20b9729.70, reflecting positive response to consolidated total income […]<\/p>\n","protected":false},"author":2396,"featured_media":125269,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,10444],"tags":[10169,9799,11759,15519],"class_list":["post-179058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-others","tag-earnings","tag-pipes","tag-welcorp","tag-welspun-corp"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/10\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":170267,"url":"https:\/\/alphastreet.com\/india\/welspun-corp-q1-fy26-earnings-results\/","url_meta":{"origin":179058,"position":0},"title":"Welspun Corp Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 18, 2025","format":false,"excerpt":"Welspun Corp Limited 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,\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Welspun Corp Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-12.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-12.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-12.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-12.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-12.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-12.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":172048,"url":"https:\/\/alphastreet.com\/india\/welspun-corp-q2-fy26-earnings-results\/","url_meta":{"origin":179058,"position":1},"title":"Welspun Corp Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"November 3, 2025","format":false,"excerpt":"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\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Welspun Corp Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Welspun-Corp-Q2-FY26-Earings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Welspun-Corp-Q2-FY26-Earings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Welspun-Corp-Q2-FY26-Earings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Welspun-Corp-Q2-FY26-Earings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Welspun-Corp-Q2-FY26-Earings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/11\/Welspun-Corp-Q2-FY26-Earings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":128200,"url":"https:\/\/alphastreet.com\/india\/welspun-corp-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":179058,"position":2},"title":"Welspun Corp Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"March 10, 2022","format":false,"excerpt":"https:\/\/youtu.be\/1Z2JfQLsvX8 Key highlights from Welspun Corp Ltd (WELCORP) Q3 FY22 Earnings Concall \u00a0Q&A Highlights: Abhishek Ghosh from DSP Mutual Fund asked about the outlook for the domestic business as the volumes are muted. Vipul Mathur MD said that the volume was muted in the last couple of quarters due to\u2026","rel":"","context":"In "Concall Highlights"","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":141342,"url":"https:\/\/alphastreet.com\/india\/welspun-india-q3-net-profit-declines-by-66-percent\/","url_meta":{"origin":179058,"position":3},"title":"Welspun India Q3 net profit declines by 66 percent","author":"Chirag Gupta","date":"February 13, 2023","format":false,"excerpt":"Welspun India reported a 66.55 per cent decline in consolidated net at INR 43.83 crore in the third quarter ended December 2022, impacted by lower sales. The company had posted a consolidated net profit of INR 131.06 crore in the same quarter last fiscal, Welspun India said in a regulatory\u2026","rel":"","context":"In "Earnings"","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":179759,"url":"https:\/\/alphastreet.com\/india\/bharti-airtel-q3-fy26-earnings-results\/","url_meta":{"origin":179058,"position":4},"title":"Bharti Airtel Q3 FY26 Earnings Results","author":"Divyansh_Kasana","date":"February 6, 2026","format":false,"excerpt":"Bharti Airtel Ltd reported consolidated financial results for Q3 FY26 ended 31 December 2025. Key figures show revenue growth offset by a sharp profit decline. Executive Summary Bharti Airtel Ltd's Q3 FY26 revenues reached \u20b953,982 crore, up 19.62% YoY from \u20b945,129 crore. Consolidated net profit fell 47.3% YoY to \u20b98,503\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AR.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AR.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AR.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AR.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AR.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/02\/AR.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":177822,"url":"https:\/\/alphastreet.com\/india\/raymond-lifestyle-q3-fy26-earnings-results\/","url_meta":{"origin":179058,"position":5},"title":"Raymond Lifestyle Q3 FY26 Earnings Results","author":"Chirag Gupta","date":"January 27, 2026","format":false,"excerpt":"Incorporated in 2024, Raymond Lifestyle Ltd offers fashion products and services with branded textile, apparel brands across formal casual and ethnic wear. Q3 FY26 Earnings Results Revenue from Operations \/ Total income: Revenue from operations at \u20b91,849 crore, up about 5.4% YoY versus \u20b91,754 crore in Q3 FY25; total income\u2026","rel":"","context":"In "AlphaGraphs"","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/179058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/2396"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=179058"}],"version-history":[{"count":2,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/179058\/revisions"}],"predecessor-version":[{"id":179063,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/179058\/revisions\/179063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125269"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=179058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=179058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=179058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}