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.
