Welspun Corp Ltd Announces Q2FY26 Results: Record High Order Book, Margin Improvement, and Strong Balance Sheet

Welspun Corp Ltd (WCL) announced its consolidated financial results for the quarter ended September 30, 2025. The company reported a rise in EBITDA to Rs 626 crore, marking six consecutive quarters of consistent growth. The annualized ROCE stands at 24%. WCL has a record high order book of ~Rs 23,500 crore, including line pipes (India & US), ductile iron pipes, and stainless steel bars & pipes. The company has a strong business outlook in the USA, driven by growing energy demand from data centres. The total income has increased by ~31% YoY, EBITDA by ~36% YoY, and PAT by 53% YoY. Despite a capex of ~Rs 950 crore, the net cash position is maintained with Rs 11 crore cash balance. The company continues to focus on core products and geographies- India, USA, & KSA. The associate company in KSA, East Pipes Integrated Company for Industry (EPIC), delivered solid top-line growth. Welspun Specialty Solutions Ltd (WSSL) reported improved performance. The Domestic Line Pipes business maintained its strong performance trajectory. Sintex: Pipes successfully expanded its footprint with product launches in Chhattisgarh and Punjab. The Bhopal OPVC plant is now operational. The company is focusing on brand building and channel expansion.