Welspun Corp Limited · NSE:WELCORP
Welspun — Q1 FY26 Earnings Presentation
19 slides from Welspun's earnings presentation, Jul 29, 2025
Slide 1: Stock exchange cover letter: Investors' Presentation
WCL/SEC/2025 29th July, 2025 To, BSE Ltd. National Stock Exchange of India Ltd. Listing Department, Exchange Plaza, P. J. Towers, Dalal Street, Bandra-Kurla Complex, Mumbai – 400 001. Bandra (E), Mumbai – 400 051. (Scrip Code: Equity - 532144), (Symbol: WELCORP, Series EQ) (NCD – 960491 and 973309)
Slide 2: Investor Presentation Q1FY26
Investor Presentation Q1FY26 Date: 29thJuly, 2025 PIPE SOLUTIONS BUILDING MATERIALS © Copyright 2023. All Rights Reserved.
Slide 3: Disclaimer
Disclaimer For any financial disclosures, the information contained herein is provided by Welspun Corp Limited (the “Company”), although care has been taken t o ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is s
Slide 4: Agenda
AGENDA 1. BUSINESS VERTICALS 4. SINTEX PIPE LAUNCH & 7. GUIDANCE VS BRANDING PROGRESS 2. KEY HIGHLIGHTS 5. CONSOLIDATED 8. UPDATE ON FINANCIAL PERFORMANCE INVESTMENTS 3. BUSINESS 6. RATING UPGRADE 9. ESG ENVIRONMENT
Slide 5: Pipe Solutions & Building Materials
PIPE SOLUTIONS & BUILDING MATERIALS 4 of 15
Slide 6: Key Highlights
KEY HIGHLIGHTS Consolidated Highlights Particulars Q1FY26 Total Income 3,587 Financial Performance EBITDA 560 (INR Crore) EBITDA Margin (%) 15.6% Net Profit 350 Line Pipes 182 DI Pipes 65 Operational Performance SS Bars 7.4 (Sales Volume in KMT) SS Pipes 0.85 TMT Rebars 40 Line Pipes 1,103 KMT Order
Slide 7: Business Environment: Line Pipes India
BUSINESS ENVIRONMENT LINE PIPES- INDIA Exports • Continue to observe strong demand for LSAW pipes for critical applications such as deep offshore, Sour Service where Welspun has an impeccable track record • Market Potential building up in Hydrogen Pipelines & Carbon Capture Pipelines globally • Witn
Slide 8: Business Environment: Line Pipes USA and KSA
BUSINESS ENVIRONMENT LINE PIPES- USA Crude Oil Production likely to go up to 14.5 mbpd in CY30 with Permian production expected to increase from current 6.2 mbpd to ~8 mbpd In CY25, oil demand in the US projected to grow by 90 kbpd, primarily due to a 140 kbd rise in LPG and ethane consumption
Slide 9: Business Environment: DI Pipes, SS Bars and Pipes
BUSINESS ENVIRONMENT DI PIPES India JJM to support increased consumption of DI pipes coupled with Amrut 2.0 (Urban) requirement Inventory piling up at manufacturers’ end backed by cash crunch resulted in slow down. Situation is likely to improve from H2FY26. Moreover, Amrut 2.0 fund has started
Slide 10: Business Environment: WST and Plastic Pipes (Sintex)
BUSINESS ENVIRONMENT WST AND PLASTIC PIPES (SINTEX) Accelerated Channel Expansion: Distributor appointments at all-time high. Increased participation from ‘Sintex Hamesha’ retailers; on back of healthy additions in FY25. Unique plumber engagement nearly doubled QoQ Brand Building: Enhanced visib
Slide 11: Sintex: Pipe Launch & Branding
SINTEX: PIPE LAUNCH & BRANDING 7 Systems Launched +1: Anti-Microbial +1: Anti-Rodent Premium Imagery with focus on product and protection Hot & Cold Water Potable Water Sewerage, Waste, Rain Drainage System Management System - Management System - Water Management System Pipes & Fittings CPVC Pipes &
Slide 12: Consolidated Financial Performance
CONSOLIDATED FINANCIAL PERFORMANCE PARTICULARS (INR crore) Q 1 FY26 Q1FY25 YoY Q 4 FY25 QoQ Total Income 3,587 3,180 12.8% 3,967 -9.6% Other income 35 42 -17.5% 42 -16.4% EBITDA 560 416 34.5% 502 11.5% Depreciation and Amortisation 85 85 -0.1% 87 -2.5% Finance Cost 63 66 -4.8% 88 -27.8% Profit befor
Slide 13: Net Debt/ (Cash)
NET DEBT/ (CASH) PARTICULARS (INR crore) Q1FY26 FY25 Gross Debt 1,032 924 Cash & Bank 1,633 1,973 Net Debt/ (Cash) (600) (1,049) Net Debt/ EBITDA* (0.3) (0.6) Net Debt/ Equity (0.08) (0.13) Capex spent in Q1FY26- ~Rs 450 Crore * Based on annualized EBITDA 12 of 18
Slide 14: Performance Trend
PERFORMANCE TREND EBITDA 1,059 Net Debt 560 528 502 104 478 462 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 416 -600 -1,049 Finance Cost 88 83 82 66 63 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 Q1FY25 Q2FY25 Q3FY25 Q4FY25 Q1FY26 All figures in INR Crore 13 of 18
Slide 15: Rating Upgrade
RATING UPGRADE Credit Rating Upgrade by CRISIL: Long term bank facilities and Non- Convertible Debentures: AA+ with Stable Outlook from earlier AA with Positive Outlook Short term facility: A1+ (Highest Safety) - reaffirmed Rationale: Continued diversification from the non large diameter pipes
Slide 16: Guidance vs Progress
GUIDANCE VS PROGRESS FY26 Q1FY26 Particulars (INR Crore) Guidance Progress Revenue 17,500 3,552 EBITDA 2,200 560 ROCE >20% 24%* Net Debt/ EBITDA <1.0 (0.30) *Annualized 15 of 18
Slide 17: Update on Investments
UPDATE ON INVESTMENTS Investment Progress/ Sr No Project Location Capacity Target Completion (INR Crore) Update 1 HFIW Plant USA 350 KMTPA 840 Mar-26 On track LSAW Plant including DJ & 2 USA 350 KMTPA 1,075 Dec-26 On track Coating DI Pipes Plant KSA 250 KMTPA 3 1,660 Apr-26 On track LSAW Plant KSA 3
Slide 18: ESG
ESG 6% over previous rating Environment Social Governance 73 67 77 75 S&P Global 6th Ranked among Top 10 DJSI ESG companies in RATINGS Steel Sector globally Long Term Carbon Water Zero Sustainability Goals Neutrality by 2040 Neutrality by 2040 waste to landfill 17 of 18
Slide 19: Thank You!
Thank You! Welspun Corp Limited CIN: L27100GJ1995PLC025609 For further queries, contact Name : Mr. Goutam Chakraborty Name : Mr. Salil Bawa Email : goutam_chakraborty@welspun.com Email : salil_bawa@welspun.com www.welspuncorp.com Connect with us: /TheWelspunGroup /WelspunGroup /welspungroup /company