Welspun Corp shares rally 9% as Q4 net profit jumps 143% to ₹699.19 cr

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

Welspun Corp Ltd (WCL) shares rallied 9 per cent as it 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.

As at 10.49 am, the stock traded 8.55 per cent higher on the NSE at ₹883.25, hitting an intraday high of ₹888.80.

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Published on May 29, 2025