Conference Call with Welspun Corp Management and Analysts on Q1FY26 Performance and Outlook. Listen to the full earnings transcript.
Iron & Steel Products company Welspun Corp announced Q1FY26 results Total income stood at Rs 3,587 crore, up 12.8% year-on-year (YoY) EBITDA came in at Rs 560 crore, rising 34.5% YoY Profit before tax and share of JVs was Rs 412 crore, up 55.4% YoY Share of profit from Associates and JVs stood at Rs 49 crore, up 22.2% YoY PAT (after minorities, associates & JVs) came in at Rs 350 crore, marking a 41.2% YoY growth EPS for the quarter stood at Rs 13.3, up 40.5% YoY Result PDF
Iron & Steel Products company Welspun Corp announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Total Income declined by 12.7%, from Rs 4,544 crore to Rs 3,967 crore. Other Income decreased by 49.4%, from Rs 83 crore to Rs 42 crore. For Q4, EBITDA grew by ~22% YoY while, adjusted PAT (without exceptional items) rose by 11% YoY. Consistent improvement in performance during last four quarters EBITDA increased by 21.5%, from Rs 413 crore to Rs 502 crore. Profit Before Tax and Share of JVs increased by 30.7%, from Rs 251 crore to Rs 328 crore. PAT after Minorities, Associates & JVs rose by 2.6x, from Rs 268 crore to Rs 698 crore. EPS increased by 2.6x, from Rs 10.2 to Rs 26.5. FY25 Financial Highlights: Total Income declined by 19.4%, from Rs 17,582 crore to Rs 14,167 crore. Other Income decreased by 21.5%, from Rs 242 crore to Rs 190 crore. FY25 EBITDA stood at Rs, 1,858 croreore beating our guidance of Rs 1,700 croreore. ROCE stood at 21%. Both EBITDA and ROCE surpassed the guidance for 2 consecutive years Profit Before Tax and Share of JVs rose by 3.0%, from Rs 1,152 crore to Rs 1,187 crore. PAT after Minorities, Associates & JVs rose by 71.8%, from Rs 1,110 crore to Rs 1,908 crore. EPS increased by 71.2%, from Rs 42.3 to Rs 72.4. Business Highlights: Consistent improvement in performance during last four quarters ? Robust order book worth more than Rs 19,500 croreore including line pipes (India & US), ductile iron (DI) pipes and stainless steel bars & Pipes. US mill book is booked for next 8 quarters Gross Debt reduction of ~Rs 1,000 croreore in FY25, in spite of Capex spend of ~Rs 900 croreore. Became a net cash Company with Rs 1049 Core The Board has recommended dividend of Rs 5/- per equity share (100%) of the face value of Rs 5/- each Strong business outlook for next 2 years. FY26 Guidance: Revenue-Rs 17,500 croreore, EBITDA- Rs 2,200 croreore, ROCE- >20%. Net Debt/ EBITDA to remain below 1x Result PDF