Rs 19,000 Crore Order Book: Iron & Steel Company Reports 13% Surge in Total Income and Net Profit Jumps 41% in Q1FY26

Welspun Corp Ltd (WCL) has announced its consolidated financial results for Q1FY26, reporting its highest-ever quarterly EBITDA of Rs 560 crore, a consistent improvement over the last five quarters. The company saw a robust financial performance with Total Income growing by approximately 13 per cent year-on-year, EBITDA by about 35 per cent year-on-year and Profit After Tax (PAT) jumping by 41 per cent year-on-year. This strong start to the fiscal year aligns perfectly with its full-year FY26 guidance. WCL also maintains a healthy financial position, reporting a net cash position with Rs 600 crore in cash and bank balance, despite a capital expenditure of approximately Rs 450 crore during the quarter.

WCL's growth is supported by a robust order book valued at approximately Rs 19,000 crore, encompassing line pipes in India and the US, ductile iron pipes and stainless steel bars and pipes. Their US mill is fully booked for the next two years, indicating strong demand. The company continues to focus on its core geographies of India, USA and Saudi Arabia, with strategic investment projects in these markets progressing well. Furthermore, its associate company, East Pipes Integrated Company for Industry (EPIC) in Saudi Arabia, delivered strong performance. Domestically, line pipes and other business segments, including DI pipes, stainless steel, Sintex and TMT Rebars, performed as expected. Notably, Sintex pipes were launched in Chhattisgarh in May 2025 and the Bhopal plant for OPVC pipes is expected to be operational from Q2 FY26.

About the Company

Welspun Corp Ltd (WCL), the flagship company of Welspun World, is a global leader in large-diameter line pipe manufacturing with a presence across six continents and fifty countries, providing customised solutions for both onshore and offshore applications. Beyond line pipes, WCL's diversified product portfolio includes Ductile Iron (DI) Pipes, TMT Rebars, BIS-certified Steel Billets and Stainless Steel Bars & Pipes & Tubes. The company operates state-of-the-art manufacturing facilities in Anjar, Bhopal, Mandya and Jhagadia in India, with international operations in Little Rock, USA and an upcoming facility in Saudi Arabia for both Line Pipes and DI Pipes. WCL is strategically expanding its business through both organic and inorganic growth, notably through the acquisition of Sintex-BAPL, a leader in water tanks and plastic products, marking a significant entry into the OPVC pipes segment and broadening its building materials offerings.

The company has a market cap of over Rs 24,000 crore and has been maintaining a healthy dividend payout of 27.3 per cent. The company's order book stands at Rs 19,000 crore as of June 30, 2025. The stock is up 57.3 per cent from its 52-week low of Rs 600.50 per share and has given multibagger returns of over 1,000 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.