New Delhi, Oct 29 (PTI) Welspun Corp on Thursday posted around 12 per cent year-on-year rise in consolidated net profit to Rs 495.09 crore in September quarter, on increased revenues, mainly from steel products.
It had clocked a net profit of Rs 443.51 crore in the second quarter of the preceding 2025-26 financial year, the company said in an exchange filing.
During July-September, the company's total income rose to Rs 4,698.55 crore from Rs 4,408.66 crore in the year-ago period.
Sharing segment-wise breakup, Welspun Corp said the company earned Rs 4,462.47 crore revenue from steel products and Rs 181.25 crore from other segments, including plastic products.
The company's board also approved capital expenditure of USD 115 million for debottlenecking and capacity augmentation and accordingly authorised setting up an additional Spiral (HSAW) Pipe facility at Little Rock, Arkansas, the US.
The existing HSAW pipes capacity in the US is 350 KMTPA, while the proposed HSAW Pipes capacity augmentation is 225 KMTPA (kilo metric tonnes per annum). The proposed facility is expected to be operational in March 2028, Welspun Corp said.
Welspun Corp's current global order book stands at Rs 50,000 crore. Net cash position further strengthened to Rs 3,887 crore after incurring capex of Rs 1,616 crore.
Vipul Mathur, MD & CEO, Welspun Corp Ltd. said, "With strong demand visibility in the USA and the Middle East, we are strengthening our manufacturing footprint by adding a new spiral pipe facility in the USA and setting up a greenfield spiral pipe facility in Jordan through a joint venture with Perma-Pipe. Our entry into Jordan marks another step in expanding our reach into new markets and reinforcing our position in the global line pipe industry."
Welspun Corp has a diversified portfolio spanning Line Pipes, Ductile Iron (DI) Pipes, Stainless Steel Bars, Pipes & Tubes, and TMT Rebars. The company also houses the water storage tank brand Sintex.
