Shares of Welspun Corp slipped on Thursday, October 29, after the company reported a 13.2% year-on-year (YoY) increase in consolidated net profit to ₹498.6 crore for the September quarter from ₹440 crore in the corresponding quarter last year.
Revenue rose 6.2% YoY to ₹4,644 crore from ₹4,373.6 crore. Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 23% to ₹726.7 crore, compared with ₹591 crore a year earlier.
The EBITDA margin expanded to 15.6% in the September quarter from 13.5% in the year-ago period, an improvement of 210 basis points.
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Welspun Corp’s steel products segment reported revenue of ₹4,462.5 crore in Q2 FY27, compared with ₹4,223.9 crore in the corresponding quarter last year. Revenue from the other segment, which includes plastic products, rose to ₹181.3 crore from ₹149.7 crore.
Welspun Corp approves $115 million US expansion
Alongside its results, the company’s board approved an investment of up to $115 million to expand its spiral pipe manufacturing capacity at its existing facility in Little Rock, Arkansas, in the United States.
The proposed expansion will add 225,000 metric tonnes per annum (MTPA) of capacity to the existing 350,000 MTPA capacity. The additional facility is expected to become operational in March 2028 and will be funded through internal accruals.
The company also approved an investment of up to $125 million for a partnership with Perma-Pipe International Holdings to establish spiral pipe manufacturing and coating facilities in Jordan. The investment will be shared approximately equally between the two partners.
The proposed facilities will manufacture and coat pipes ranging from 24 inches to 120 inches, catering to water, oil and gas, energy and infrastructure projects in Jordan and surrounding markets.
Welspun Corp shares react
Shares of Welspun Corp slipped to the day’s lows following the results announcement, but have since recovered the losses and were trading about 0.8% down at ₹2,544 as of 2.47 pm. The stock has advanced more than 218% so far in 2026 and almost 181% over the trailing 12 months.
