Welspun Corp Q2FY27: EBITDA up 30% to ₹1,538 Cr, Order Book hits record ₹50,000 Cr
Welspun Corp's H1FY27 EBITDA grew 30% to ₹1,538 Cr. The company's order book hit a record ₹50,000 Cr, including a mega order of ₹17,200 Cr for the USA. Expansion includes a new US facility and a JV in Jordan. Q2FY27 revenue rose 6% to ₹4,644 Cr.
The record-breaking order book, substantial EBITDA growth, and strategic international expansion are material developments that are likely to significantly impact the company's future financial performance and market position.
The announcement highlights record order books, significant EBITDA growth, and strategic expansions, indicating strong financial health and positive future prospects.
Welspun Corp Limited (WELCORP) announced its financial and operational results for the quarter and half-year ended September 30, 2026. The company reported a strong operational performance with EBITDA growing by 30% to ₹1,538 crore for H1FY27, against a full-year guidance of ₹2,850 crore. The net cash position improved, and ROCE stood at approximately 23%.
The company's order book reached an all-time record high of approximately ₹50,000 crore, providing strong medium to long-term business visibility. This includes a mega order of approximately USD 1.8 billion (₹17,200 crore) for Little Rock, USA, scheduled for execution in FY 2028 and FY 2029, making it the largest in the company's history. Another significant order of approximately USD 578 million (₹5,500 crore) for a data center in Little Rock, USA, is also part of the record book.
To capitalize on strong demand in the USA and the Middle East, Welspun Corp is expanding its manufacturing footprint. This includes adding a new spiral pipe facility in the USA and setting up a greenfield spiral pipe facility in Jordan through a joint venture with Perma-Pipe. This expansion into Jordan marks a strategic move to broaden market reach and strengthen its global position.
The company also highlighted its performance in various business verticals. In Q2FY27, Revenue from Operations grew by 6% to ₹4,644 crore, and PAT increased by 13% to ₹499 crore. For H1FY27, Revenue from Operations increased by 10% to ₹8,725 crore, and PAT (excluding a one-time gain of ₹548 crore from a partial stake sale in EPIC, KSA) rose by 26% to ₹997 crore. The annualized ROCE for H1FY27 was 22.7%. The company maintained a net cash position of ₹387 crore after a capex of approximately ₹1,616 crore.
Mr. Vipul Mathur, MD & CEO, emphasized the company's focus on core products and geographies, prudent capital allocation, innovation, and building capabilities, along with a strong commitment to sustainability.
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