Summary

Welspun Corp Ltd (WCL) announced its consolidated financial results for the quarter ended December 31, 2025. The company reported a significant increase in EBITDA and total income. The order book remains at a record high level, bringing consistency and long term visibility across global operations. WCL is committed to sustainability and recently received a high rating in the DJSI, placing it 5th globally and 2nd in India in the Iron & Steel industry.

Key Highlights

1. 1

   EBITDA at Rs 645 crore, marks eight consecutive quarters of consistent growth

2. 2

   Ontrack to comfortably achieve or exceed full year guidance for FY26

3. 3

   Maintained record high order book of ~Rs 23,600 crore, including line pipes (India & US), ductile iron pipes, and stainless steel bars & pipes. US mill booked through FY28

4. 4

   Strong demand visibility in the USA, driven by growing energy demand from Al data centres, creating new opportunities for line pipe applications

5. 5

   Q3FY26 total income up ~25% YoY and EBITDA up ~35% YoY

6. 6

   9MFY26 EBITDA margin stood at 14.7%

7. 7

   Despite ~Rs 1,722 crore capex, net cash position maintained with Rs 132 crore cash balance

8. 8

   Associate company in KSA, East Pipes Integrated Company for Industry continues to deliver strong top-line growth and margin expansion

9. 9

   Welspun Specialty Solutions Ltd (WSSL) reported improved performance with stainless steel pipes and bar volumes maintaining momentum

10. 10

    Domestic Line Pipes business maintained its strong performance trajectory

11. 11

    Sintex: Market visibility built across priority markets in seven states. Focus on brand building and channel expansion continues. Strong potential for OPVC market with Sintex securing major approvals and empanelment in various states. Execution/ dispatches started