Welspun Corp Ltd (WCL), the flagship company of Welspun World, has delivered a strong start to FY27, reporting its highest-ever quarterly EBITDA along with robust profitability growth for the quarter ended June 30, 2026.
The company’s consolidated EBITDA surged 35% year-on-year to Rs. 756 crore, while Profit After Tax (PAT) nearly tripled year-on-year to Rs. 1,046 crore. Excluding exceptional items, PAT grew 42% year-on-year to Rs. 499 crore.
WCL’s financial strength continued to improve, with Return on Capital Employed (ROCE) rising to 23.1% and its net cash position strengthening further to Rs. 2,336 crore, even after capital expenditure of Rs. 834 crore during the quarter.
The company’s current global order book stands at approximately Rs. 24,750 crore, providing strong medium- to long-term visibility.
The company’s associate entity, East Pipes Integrated Company for Industry (EPIC), Saudi Arabia, recorded double-digit growth in revenue, EBITDA and profit. Meanwhile, announced expansion projects in the USA and KSA are progressing as planned and are expected to be commissioned during FY27.
Reinforcing its sustainability efforts, WCL’s Bhopal facility achieved Zero Waste to Landfill – Platinum Category certification for FY 2025–26, marking continued progress in responsible manufacturing.
Welspun Corp highlighted strong demand prospects across its key operating markets, supported by infrastructure growth, energy transition initiatives and increasing investments.
In the USA, medium- to long-term demand visibility remains strong, driven by rising LNG exports, growing domestic power infrastructure requirements linked to AI data centres, and renewed investments in onshore and offshore oil pipeline infrastructure.
In KSA, investments in onshore and offshore oil and gas projects, water infrastructure development, reconstruction opportunities across the Middle East, and emerging Hydrogen and CCUS initiatives are expected to support sustained pipeline demand.
In India, the company expects continued growth across multiple business segments.
The Line Pipes business is expected to benefit from the government’s focus on the National Gas Grid, City Gas Distribution networks, refinery capacity expansion and other strategic initiatives. Irrigation, river interlinking projects and the Jal Jeevan Mission (JJM) are expected to remain key demand drivers for water pipelines, while exports continue to provide additional growth opportunities.
The Ductile Iron (DI) Pipes business sees strong export potential across Europe, the Middle East and Africa. The company is also strategically focusing on pig iron exports as funding constraints continue to impact the domestic DI Pipe market.
Demand for Stainless Steel Bars and Seamless Pipes is expected to gain momentum from the government’s ‘Make in India’ initiative and rising investments in thermal and nuclear energy, defence, aerospace, oil and gas, and petrochemicals.
The water storage tanks and plastic pipes business continues to benefit from the strong brand equity of ‘Sintex’, with growth supported by the economy segment and premiumisation initiatives. Strategic channel expansion is expected to further strengthen market penetration and scale.
The plastic pipes business has expanded its presence to 11 states, while approvals and accreditation of OPVC Pipes across states continue to gain momentum.
Vipul Mathur, MD & CEO, Welspun Corp Ltd. said: "We have started the new financial year on a strong note, delivering our highest-ever quarterly EBITDA and robust bottom-line growth. Our balance sheet remains healthy, with a further improvement in net cash position and ROCE crossing 23%, along with a very robust order book providing medium- to long-term visibility.
"Our strategic expansions in the USA and KSA are on track for commissioning within FY27 — further enhancing our global presence and reinforcing our leadership position in the global line pipe industry.
"Our strategic expansions in the USA and KSA are on track for commissioning within FY27 — further enhancing our global presence and reinforcing our leadership position in the global line pipe industry."
He added: "Despite a challenging geopolitical backdrop, we remain confident in our growth trajectory ahead, focusing on core products and geographies, prudent capital allocation, innovation and strong customer-supplier relationships.
"Our People remain integral to our growth strategy and we consistently work upon building leadership abilities across all levels, providing global exposure, upskilling through training and fostering a collaborative work environment."
