Synopsis: Welspun Corp Ltd was in the news today as the company declared its Q2 result which highlighted the company’s record high order book along with growth in PAT and Total income .
The shares of this company, which is engaged in the manufacturing of large diameter pipes globally along with BIS-certified Steel Billets, TMT Rebars, Ductile Iron (DI) Pipes, Stainless Steel Pipes, and Tubes & Bars and more had its shares in action after announcing its Q2 results, indicating growth in its performance metrics.
With a market cap of Rs 25,500 crore, the shares of Welspun Corp Ltd gave a closing price of Rs 961.9 and gained more than 6 percent making a high of Rs 985.20 in today’s trading session when compared to its previous day closing price of Rs 926.05. The shares are trading very close to their 52-week high of Rs 994.60.
Q2 FY26 Result highlights.
The total income for the company stood at Rs 4,409 crore when compared to Rs 3,364 crore in Q2 FY25 , growing by about 31 percent YoY basis and on QoQ basis increasing by 23 percent from Rs 3,587 crore in Q1 FY26.
The PAT grew by about 53 percent YoY basis when you compare the Q2 FY26 profit at Rs 440 crore to Rs 287 crore in Q2 FY25 and on QoQ basis has increased 26 percent from Rs 350 crore in Q1 FY26. The EPS stands at 16.7 compared to Q2 FY25 EPS of 10.9.
The company’s order book stands at Rs 23,500 Crore which comprises of three segments which are Line pipes, DI pipes, Stainless steel bars and pipes with volumes of 1,250 KMT, 355 KMT, 6,950 MT respectively.
About the company and outlook
Welspun Corp Ltd (WCL), the flagship company of Welspun World, is among India’s fastest-growing multinational enterprises, holding a leading position in the line pipe and home solutions sectors. Welspun World’s diverse business portfolio also spans pipe solutions, building materials, infrastructure, warehousing, retail, advanced textiles, and flooring solutions.
The company has international operations in countries like the USA and KSA.
Company states that “the US energy companies are expected to spend US$50 bn in new and planned pipeline projects over the next 5 years which will be backed by strong demand for Natural Gas and support from the current administration.”
In KSA the company is working under 2 segments under line pipes ,the water and oil& natural gas where the company states “Under Saudi Vision 2030, the government is working to guarantee long-term water security through public–private partnerships (PPPs), large storage reservoirs and an integrated transmission system linking coasts with inland cities.” and in ONG segment “ Saudi Vision 2030 strategically aims at significant investments in onshore as well as offshore fields developments and significant spending in Hydrogen and CCUS ventures”
With such statements , the company’s growth in the future stands in the hands of implementation of these visions.
Written by Leon Mendonca.
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
