Welspun Corp Q3FY26: EBITDA up 35% to ₹645 Cr, Order Book at ₹23,600 Cr
Welspun Corp's Q3 FY26 consolidated results show EBITDA up 35% YoY to ₹645 Cr, with an annualized ROCE of 24%. The company is on track to exceed FY26 guidance. Order book stands at a record ₹23,600 Cr, with the US mill booked through FY28. Total income rose ~25% YoY.
The announcement details robust financial results, a record order book with long-term visibility, and strategic growth initiatives, all of which are material factors for investors and indicate significant positive development for the company.
The company reported a strong financial performance with significant year-on-year growth in revenue and EBITDA, a record high order book, and positive outlook for the full year guidance. Management commentary also reflects confidence and focus on value creation.
Welspun Corp Ltd (WCL) announced its consolidated financial results for the quarter ended December 31, 2025, reporting a stellar performance with consistent EBITDA growth and strong business visibility.
The company achieved an EBITDA of ₹645 crore, marking the eighth consecutive quarter of consistent growth. The annualized ROCE stood at 24%, and WCL is on track to meet or exceed its full-year guidance for FY26. The order book remains at a record high of approximately ₹23,600 crore, encompassing line pipes (India & US), ductile iron pipes, and stainless steel bars & pipes, with the US mill booked through FY28. Strong demand visibility in the USA is noted, driven by growing energy demand from AI data centers.
For Q3 FY26, total income increased by approximately 25% year-on-year, and EBITDA grew by approximately 35% year-on-year. The EBITDA margin for the nine months of FY26 stood at 14.7%. Despite a capital expenditure of around ₹1,722 crore, the company maintained a net cash position with a cash balance of ₹132 crore.
Focus remains on core products and geographies: India, USA, and KSA. The associate company in KSA, East Pipes Integrated Company for Industry, continues to show strong top-line growth and margin expansion. Welspun Specialty Solutions Ltd (WSSL) reported improved performance in stainless steel pipes and bar volumes, while the domestic line pipes business maintained its strong performance trajectory. Sintex is building market visibility and expanding its channel, with strong potential in the OPVC market.
Mr. Vipul Mathur, MD & CEO, Welspun Corp Ltd., stated that the company continues to deliver strong performance with consistent improvement in EBITDA and ROCE. He highlighted the record high order book, global expansions, strong balance sheet, and prudent financial discipline as key value creators. He also emphasized the company's commitment to sustainability, citing its DJSI rating.
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