Welspun Corp.'s consolidated net profit surged 41% in the first quarter of the current financial year.
The company's profit rose to Rs 350 crore in the first quarter against Rs 248 crore for the year-ago period, according to an exchange filing on Tuesday.
Welspun Q1 FY26 Highlights (Consolidated, YoY)
Revenue up 13.2% to Rs 3,551 crore versus Rs 3,137 crore.
Net profit up 41.2% to Rs 350 crore versus Rs 248 crore.
Ebitda up 40.4% to Rs 525 crore versus Rs 374 crore.
Margin at 14.8% versus 11.9%.
Welspun Corp has announced an expansion of its existing spiral pipe order from 36 to 42 in the US. The order value after upsizing has gone up by Rs 735 crore, taking its consolidated order book value to around Rs 19,000 crore.
Execution of these orders will be largely taking place during fiscal 2026 and fiscal 2027.
Shares of Welspun Corp. closed 7.13% higher at Rs 924.55 apiece on the NSE, compared to a 0.63% fall in the benchmark Nifty. The stock has risen 43.42% in the last 12 months and 13.61% on a year-to-date basis.
Six analysts tracking the company have a 'buy' rating on the stock, according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 7.1%.
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