Welspun Corp Limited
P&L
Quarterly Consolidated
vs Q3 FY26
Welspun Corp FY26 PAT Up 42% YoY to ₹1,613 Cr
21 May 2026 · 21 May, 7:11 pm
Summary
Welspun Corp Ltd (WCL) announced a strong operational and financial performance for Q4 and the full year FY26, comfortably exceeding its full-year EBITDA guidance. The company reported a 42% year-on-year increase in full year FY26 Profit After Tax (after exceptional items) to ₹1,613 crore, with Q4 PAT growing by 28% year-on-year to ₹370 crore. FY26 EBITDA reached ₹2,371 crore, achieving a 14% margin, and the company maintained a robust order book of approximately ₹25,350 crore, offering strong medium to long-term visibility. Management highlighted improved cash generation and a healthy balance sheet, expressing confidence in competitive advantages from strategic global presence and execution capabilities, further reinforced by a positive FY27 guidance.
Key Highlights
- 1
Welspun Corp Ltd (WCL) comfortably surpassed its full year EBITDA guidance, achieving ₹2,371 crore for FY26 against a guidance of ₹2,200 crore, with an EBITDA margin of 14% and ROCE at 22%.
- 2
The company's net cash position strengthened to ₹1,627 crore for FY26, despite a significant capital expenditure investment of ₹2,532 crore, maintaining negative net working capital.
- 3
Operating Cash Flow (OCF) and Free Cash Flow (FCF) generation improved substantially to ₹3,204 crore and ₹672 crore, respectively, for FY26.
- 4
WCL maintained an all-time high order book of approximately ₹25,350 crore, which includes significant bookings for its USA spiral mill through FY28.
- 5
Profit After Tax (PAT) after exceptional items saw robust year-on-year growth, increasing by 28% to ₹370 crore for Q4FY26 and by 42% to ₹1,613 crore for the full year FY26.
- 6
The Board recommended a dividend of ₹5/- per equity share, representing 100% of the face value of ₹5/- each.
- 7
The company provided an optimistic FY27 guidance, projecting revenue at ₹20,000 crore and EBITDA at ₹2,850 crore.
Management Comments
Vipul Mathur
We delivered a strong operational and financial performance for the year, comfortably surpassing our full year EBITDA guidance, while maintaining a healthy balance sheet and improved cash generation. Our robust order book provides medium- to long-term visibility. The current global geopolitical environment has created near-term supply chain disruptions across markets; however, it is also opening new opportunities for globally diversified manufacturers like us. Further, our strategic global presence across key regions and strong execution capabilities provides us competitive advantage in the evolving global landscape. We continue to integrate sustainability across our business approach with our improved ESG rankings, reinforcing our commitment towards sustainable growth and stakeholder value creation.
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