Welspun Corp Limited — PPTs, 13-11-2025: Investor Presentation

Welspun Corp posted a strong performance with Q2FY26 revenue up 31% YoY to ₹4,409 Cr, EBITDA growing 36% to ₹626 Cr, and PAT soaring 53% to ₹440 Cr. Sales volumes for Line Pipes and DI Pipes both increased 22%.

Key growth drivers include massive infrastructure opportunities in USA (LNG, data centers, new LSAW capacity) and Saudi Arabia's Vision 2030 (new greenfield plants by Q1FY27). India's gas grid expansion, hydrogen pipelines, and water infrastructure also provide significant tailwinds. Sintex is broadening its product portfolio into plastic pipes.

Financially, Q2FY26 EPS was ₹16.7 (+52% YoY). The company maintained a nearly net cash position (₹-11 Cr) for H1FY26, despite a capex spend of ~₹950 Cr. ROCE for H1FY26 annualized at 23.5%. The total order book stands robust at ~₹23,500 Cr.

Management projects FY26 revenue of ₹17,500 Cr, EBITDA of ₹2,200 Cr, and ROCE over 20%, building on a strong track record of surpassing prior guidance. Long-term outlook signals healthy growth with a commitment to maintaining a net cash positive balance sheet.