News ArticleWelspun Corp Records Highest Quarterly EBITDA of ₹782 Crore in Q2FY27, Backed by Record ₹50,000 Crore Order Book
Company reports 30% EBITDA growth for H1FY27 and strengthens net cash position to ₹3,887 crore amid strategic global expansions
Welspun Corp Limited achieved its highest ever quarterly EBITDA of ₹782 crore in Q2FY27, marking a 25% year-on-year increase. The company also reported a 30% growth in EBITDA for H1FY27 and strengthened its net cash position to ₹3,887 crore after significant capital expenditure. Welspun's global order book reached a record ₹50,000 crore, supported by capacity expansions in the USA and Jordan and new joint ventures.
Welspun Corp Limited
General / Other
Welspun Corp Limited announced its consolidated financial results for Q2FY27 with a record EBITDA of ₹782 crore, a 25% increase year-on-year, along with an all-time high global order book nearing ₹50,000 crore, reflecting strong business momentum and strategic capacity expansions.
The company’s EBITDA for the first half of FY27 rose 30% to ₹1,538 crore. Profit after tax (without exceptional items) for H1FY27 increased 26% to ₹997 crore. Return on capital employed (ROCE) stood robust at 22.7%.
Welspun Corp strengthened its net cash position to ₹3,887 crore after spending ₹1,616 crore on capital expenditure during the period.
Notable expansions include increasing Spiral (HSAW) Pipe capacity by 225 KMTPA in the USA with a capital investment of US$115 million, and establishing a new greenfield Spiral Pipe and coating plant in Jordan through a joint venture with Perma Pipes Inc., with a total investment of US$125 million.
Furthermore, Welspun acquired a 49% stake in its subsidiary Welspun Special Coating Private Ltd. to set up an Internal FBE coating plant in India in partnership with Perma-Pipe, enhancing its product capabilities.
Highlights
- Q2FY27 EBITDA of ₹782 crore, up 25% year-on-year
- H1FY27 EBITDA grew 30% to ₹1,538 crore
- Profit after tax (excluding exceptional items) for H1FY27 at ₹997 crore, up 26%
- Net cash position improved to ₹3,887 crore following ₹1,616 crore capex
- Global order book reached a record high of approximately ₹50,000 crore
- Spiral pipe capacity expansion in the USA by 225 KMTPA at US$115 million capex underway
Key Data Snapshot
What happened
- Welspun Corp reported its highest ever quarterly EBITDA of ₹782 crore for Q2FY27, a 25% increase from the previous year.
- The half-year EBITDA grew 30% to ₹1,538 crore, with profit after tax (excluding exceptional items) rising 26% to ₹997 crore.
- The company’s net cash position improved to ₹3,887 crore after capital expenditure of ₹1,616 crore.
- The global order book reached an all-time high of approximately ₹50,000 crore.
- The company is expanding manufacturing capacity with a 225 KMTPA Spiral Pipe facility in the USA and establishing a new plant in Jordan via a joint venture.
Key details
- Return on capital employed (ROCE) maintained at 22.7%.
- The USA Spiral Pipe capacity expansion involves a capital expenditure of US$115 million.
- Greenfield Spiral Pipe and coating facility to be set up in Jordan with Perma Pipes Inc. involving US$125 million investment.
- Acquired a 49% stake in a step down subsidiary for setting up an Internal Fusion Bonded Epoxy coating plant in India in partnership with Perma-Pipe.
- The company serves customers across six continents with manufacturing facilities in India, USA, and Saudi Arabia.
Strategic context
- Strong demand visibility in the USA and Middle East drives capacity expansion plans.
- Entry into the Jordan market through joint venture marks geographic diversification and growth.
- Sustainability and responsible manufacturing continue to be key priorities in Welspun Corp’s long-term value strategy.
- Focus remains on core products and geographies with prudent capital allocation and innovation.
Regulatory and governance context
- Results announced pursuant to Regulation 30 under SEBI Listing Regulations.
- Financial results are consolidated and exclude exceptional items such as previous quarter one-time gains.
- EPS for Q2FY27 stood at 18.9 compared to 16.7 in Q2FY26.
Highlights
- Q2FY27 EBITDA of ₹782 crore, up 25% year-on-year
- H1FY27 EBITDA grew 30% to ₹1,538 crore
- Profit after tax (excluding exceptional items) for H1FY27 at ₹997 crore, up 26%
- Net cash position improved to ₹3,887 crore following ₹1,616 crore capex
- Global order book reached a record high of approximately ₹50,000 crore
- Spiral pipe capacity expansion in the USA by 225 KMTPA at US$115 million capex underway
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
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