Welspun Corp Q4 net profit jumps 143% to ₹699.19 cr; orderbook crosses ₹19,500 cr level

Welspun Corp Ltd reports 143% growth in net profit to Rs 699.19 crore in March quarter.

Welspun Corp Ltd (WCL) has posted over 143 per cent growth in consolidated net profit to ₹699.19 crore in the March quarter, aided by a reduction in expenses.

It had posted a net profit of ₹287.28 crore in the January-March period of the preceding financial year, the company said in an exchange filing.

However, WCL saw its income declining to ₹3,966.86 crore in the fourth quarter of FY25, from ₹4,543.70 crore in the same period a year ago.

During the quarter under review, the company brought down its expenses to ₹3,639.32 crore from ₹4,292.37 crore in Q4 FY24.

On a quarter-on-quarter basis, the net profit was around over 4 per cent higher compared to ₹672.19 crore net profit earned in October-December FY25.

In FY25, the net profit was down at ₹1,902.28 crore, as against ₹1,136.00 crore in FY24.

The board of the company also recommended a final dividend of ₹5 per equity share of face value of ₹5 each for FY25, as per the stock exchange filing on Wednesday night.

It further approved a proposal for raising funds by way of issuance of commercial papers (CPs)/ Non Covertible Debentures (NCDs) up to an amount not exceeding ₹500 crore on a private placement basis.

The company said it has traditionally used this for raising CPs/ NCDs for routine working capital requirements. The relevant details will be provided as and when the company issue the above securities.

In FY25, the company said it made a gross debt reduction of ₹1,000 crore, in spite of capex spend of ₹900 crore. It also became a net cash company with ₹1,049 crore in net cash reserves.

WCL said its revenue guidance for FY26 is ₹17,500 crore, 25 per cent higher from ₹13,977.54 crore revenues garnered in FY25.

It has a robust order book worth more than ₹19,500 crore, including line pipes (India & US), ductile iron (DI) pipes and stainless steel bars & Pipes. The US mill book is booked for the next 8 quarters.

The company is in process of investing ₹5,482 crore in India, US and Kingdom of Saudi Arabia to increase capacities across verticals.

Homegrown WCL is the flagship company of Welspun World, with a diverse business portfolio in pipe solutions and building materials.

The company is among the top three manufacturers of large-diameter pipes globally and has established a global footprint across six continents and 50+ countries by delivering key customised solutions for both onshore and offshore applications.

It also manufactures ductile iron (DI) pipes and stainless steel pipes, tubes and bars.

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Published on May 29, 2025