Synopsis: A leading pipe manufacturer gained traction after its US subsidiary bagged two large orders worth about $715 million for Natural Gas and NGL Pipeline projects. The record-high consolidated order book of around Rs. 23,500 crore extends business visibility till FY28, strengthening the company’s global presence and execution momentum.
A pipe sector stock gained momentum in Thursday’s trade after securing significant export orders from the US market, bolstering investor confidence in its long-term growth outlook. The new projects have enhanced business continuity and reaffirmed its strong positioning in the global energy infrastructure value chain.
Welspun Corp Ltd, with a market capitalisation of Rs. 24,025.13 crore, opened at Rs. 912.55 against its previous close of Rs. 906.80. The stock hit an intraday high of Rs. 925.60, marking an increase of around 2.1 percent from the previous session’s close.
What’s the News?
The company announced that its US subsidiary has received two major line pipe orders valued at a total of approximately US$ 715 million (approx. Rs. 6,337.05 crore) for the supply of coated pipes for Natural Gas and NGL Pipeline projects in the United States. With these wins, the US facility now enjoys clear business visibility and continuity till FY28. The consolidated order book is at a record high of nearly Rs. 23,500 crore.
Management highlighted that the company is witnessing strong energy demand for data centres powering AI in the US, creating additional opportunities for line pipe applications. These new orders, the company said, position Welspun as a reliable partner in this evolving value chain.
Financial Snapshot – Q1FY26
On a quarter-on-quarter basis, revenue declined from Rs. 3,966.9 crore in Q4FY25 to Rs. 3,586.5 crore in Q1FY26, down 9.6 percent. Operating profit rose from Rs. 460.2 crore to Rs. 525 crore, an increase of 14.1 percent. Profit before tax dropped from Rs. 804 crore to Rs. 412.1 crore, a decrease of 48.8 percent, while net profit fell from Rs. 698.3 crore to Rs. 350.4 crore, lower by 49.8 percent sequentially.
On a year-on-year basis, revenue improved from Rs. 3,179.7 crore in Q1FY25 to Rs. 3,586.5 crore in Q1FY26, up 12.8 percent. Operating profit rose from Rs. 374 crore to Rs. 525 crore, higher by 40.37 percent. Profit before tax increased from Rs. 265.2 crore to Rs. 412.1 crore, a jump of 55.4 percent, while net profit grew from Rs. 248.2 crore to Rs. 350.4 crore, up 41.1 percent year-on-year.
About the Company
Incorporated in 1995, Welspun Corp Ltd is engaged in the manufacturing and distribution of steel and steel products. Its diverse product range includes carbon steel line pipes, ductile iron pipes, TMT bars, billets, pig iron, stainless steel and alloy products, water tanks, and interior solutions. The company serves domestic and global clients across the oil and gas, water transportation, and irrigation sectors, along with EPC firms, government bodies, and public sector undertakings.
-Manan Gangwar
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