Welspun Corp News and Updates

Iron & Steel Products company Welspun Corp announced Q1FY27 results Consolidated Financial Highlights: Revenue from Operations: In Q1FY27, revenue stood at Rs 4,081.12 crore, representing a 14.91% increase YoY compared to Rs 3,551.49 crore in Q1FY26, and a 5.37% decrease QoQ compared to Rs 4,312.56 crore in Q4FY26. Total Income: Total income for Q1FY27 was Rs 4,144.91 crore, up 15.57% YoY from Rs 3,586.52 crore in Q1FY26, and down 4.67% QoQ from Rs 4,348.17 crore in Q4FY26. Net Profit for the period: The consolidated net profit reached Rs 1,047.88 crore in Q1FY27, showing a significant jump of 200.11% YoY compared to Rs 349.16 crore in Q1FY26, and an increase of 182.10% QoQ compared to Rs 371.46 crore in Q4FY26. (This includes a one-time gain of Rs 547.93 crore from the sale of shares in an associate). Earnings Per Share (EPS): Basic EPS for Q1FY27 rose to Rs 39.68, compared to Rs 13.32 in Q1FY26 and Rs 14.04 in Q4FY26. Net Worth: The consolidated net worth as of June 30, 2026, was reported at Rs 10,449.45 crore. Annual Performance (FY26): For the full year FY26, total income was Rs 16,905.39 crore and net profit stood at Rs 1,620.49 crore. Standalone Financial Highlights: Revenue from Operations: Standalone revenue for Q1FY27 was Rs 1,567.22 crore, a decrease of 14.28% YoY from Rs 1,828.35 crore in Q1FY26, and a 30.97% decrease QoQ from Rs 2,270.45 crore in Q4FY26. Total Income: Total income for Q1FY27 stood at Rs 1,605.70 crore, down 17.03% YoY from Rs 1,935.18 crore in Q1FY26, and down 29.84% QoQ from Rs 2,288.76 crore in Q4FY26. Net Profit for the period: Net profit for Q1FY27 was Rs 115.84 crore, declining by 54.54% YoY from Rs 254.83 crore in Q1FY26 and 50.05% QoQ from Rs 231.91 crore in Q4FY26. Annual Performance (FY26): For the full year FY26, standalone total income was Rs 8,595.72 crore and net profit was Rs 1,013.52 crore. Business Highlights Divestment of EPIC Shares: During Q1FY27, the company through its subsidiary Welspun Mauritius Holdings Limited (WMHL), sold 14,17,280 shares of East Pipes Integrated Company for Industry (EPIC) for a consideration of SAR 283.46 million (equivalent to USD 75.59 million or Rs 723.55 crore). This transaction resulted in a gain of Rs 547.93 crore. Acquisition of Welspun Captive Power Generation Limited (WCPGL): The Board approved the acquisition of an additional 51% equity stake in WCPGL from Welspun Living Limited (WLL) for a consideration of Rs 67.66 crore. Upon completion, the aggregate shareholding will increase from 23% to 74%, making WCPGL a subsidiary. The acquisition is intended to meet the power requirements of the company. New Investment for Slag Granulation: The company approved an investment of Rs 26,000 (26% stake) in a proposed entity to be incorporated as Slagexcel Private Limited. The business will focus on manufacturing, processing, and dealing in Ground Granulated Blast Furnace Slag (GGBS) through a slag granulation process. Segment Performance (Consolidated): Steel Products: This segment recorded revenue of Rs 3,906.07 crore in Q1FY27 compared to Rs 3,393.06 crore in Q1FY26 (up 15.12% YoY). Segment results (profit before tax and finance costs) stood at Rs 598.81 crore. Others (Including Plastic Products): This segment recorded revenue of Rs 175.05 crore in Q1FY27. The segment reported a loss of Rs 37.06 crore for the quarter. Result PDF

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