Welspun Corp Limited · NSE:WELCORP
Welspun — Q1 FY27 Earnings Presentation
19 slides from Welspun's earnings presentation, Jul 24, 2026
Slide 1: Cover letter to stock exchanges: Investors' Presentation
WCL/SEC/2026 24 July, 2026 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 – 973309) Dear Sirs/ Ma
Slide 2: Investor Presentation Q1FY27
Investor Presentation Q1FY27 Date: 24th July, 2026
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 to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is su
Slide 4: Agenda
AGENDA 1. BUSINESS VERTICALS 2. OPERATIONAL PERFORMANCE 3. FINANCIAL PERFORMANCE 4. BUSINESS ENVIRONMENT 5. PROJECT UPDATE 6. ESG
Slide 5: Management Commentary
MANAGEMENT COMMENTARY “We have started the new financial year on a strong note, delivering our highest-ever quarterly EBITDA and robust bottom-line growth. Our balance sheet remains healthy, with a further improvement in net cash position and ROCE crossing 23%, along with a very robust order book pr
Slide 6: Portfolio Engineered for Sustained Growth
PORTFOLIO ENGINEERED FOR SUSTAINED GROWTH VERTICAL LARGE- DUCTILE IRON SINTEX WSSL* DIAMETER PIPES LINE PIPES Largest Player Globally Significant player in National iconic brand Only integrated India, and launching in with pan-India presence producer in India from INDIA USA KSA KSA • Water Storage T
Slide 7: Operational Performance: Q1FY27 Sales Volume (in KMT)
OPERATIONAL PERFORMANCE: Q1FY27 SALES VOLUME (IN KMT) Line Pipes (India + USA) DI Pipes 65 69 182 193 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Stainless Steel Bars & Pipes TMT Rebars 47 8.3 40 6.3 Q1FY26 Q1FY27 Q1FY26 Q1FY27
Slide 8: Financial Performance: Q1FY27
FINANCIAL PERFORMANCE: Q1FY27 Revenue from Operations (INR cr.) EBITDA (INR cr.) 756 4,081 3,551 560 Q1FY26 Q1FY27 Q1FY26 Q1FY27 PBT (INR cr.) PAT (INR cr.) 586 1046 412 350 Q1FY26 Q1FY27 Q1FY26 Q1FY27 Q1FY27 PAT includes one-time gain of INR 548 cr. on partial stake sale in EPIC (KSA)
Slide 9: Healthy Balance Sheet
HEALTHY BALANCE SHEET Net Debt/ (Cash) (INR cr.) ROCE 387 23.1% 22.3% -1,049 21.0% -1,627 20.0% -2,336 FY24 FY25 FY26 Q1FY27 FY24 FY25 FY26 Q1FY27 Q1FY27 Net Cash position after capex of ~INR 834 cr. Annualized ROCE for Q1FY27
Slide 10: P&L Snapshot: Q1FY27
P&L SNAPSHOT: Q1FY27 PARTICULARS (INR cr.) Q1FY27 Q1FY26 YoY Gr. Q4FY26 QoQ Gr. Revenue from Operations 4,081 3,551 +15% 4,313 -5% Other income 64 35 +82% 36 +79% EBITDA 756 560 +35% 539 40% EBITDA Margin (%) 18.5% 15.8% +270 bps 12.5% +600 bps Depreciation and Amortisation 125 85 +47% 93 +34% Finan
Slide 11: FY27 Guidance
FY27 GUIDANCE Revenue (INR cr.) EBITDA (INR cr.) 2,850 20,000 17,340 2,371 16,770 2,200 13,978 1,804 1,858 1,700 1,500 756 (Q1) FY24 FY25 FY26 FY27E FY24 FY25 FY26 FY27E Guidance Actual FY27E denotes the stated Guidance
Slide 12: Guardrails / Order Book
GURADRAILS/ ORDER BOOK GUARDRAILS GLOBAL ORDER BOOK* Financial discipline underpinning sustainable growth Robust revenue visibility across geographies ROCE >20% INR Sustained above the 20% threshold 24,750 NET DEBT / EBITDA CRORE <1x Providing strong medium- to long-term visibility Ample headroom to
Slide 13: Business Environment: Line Pipes
BUSINESS ENVIRONMENT: LINE PIPES USA: Robust Business Visibility; Strong Order Book Key Drivers • LNG Exports • Domestic Power demand for AI Data Centers • NGL Demand • Resurgence of Oil Pipe Lines – both onshore and offshore KSA: Strong Demand; Huge Opportunity Key Drivers • Oil & Gas: High-scale i
Slide 14: Business Environment: Ductile Iron Pipes
BUSINESS ENVIRONMENT: DUCTILE IRON PIPES KSA INDIA Key Drivers Key Drivers Vision 2030: 30,000+ km of new water & sewage networks • Jal Jeevan Mission, Amrut 2.0: Funding constraints persist Favorable domestic demand dynamics, local capacity and could continue for a longer time frame. • Export P
Slide 15: Business Environment: Stainless Steel Bars + Pipes & Tubes
BUSINESS ENVIRONMENT: STAINLESS STEEL BARS + PIPES & TUBES Key Drivers • India: Thermal and Nuclear Energy, Defence, Aerospace, Oil & Gas and Petrochemicals to stimulate demand for stainless steel bars and seamless pipes. In addition, a strong emphasis on domestic manufacturing through the ‘Make in
Slide 16: Business Environment: Sintex (Water Storage Tanks & Pipes)
BUSINESS ENVIRONMENT: SINTEX (WATER STORAGE TANKS & PIPES) Key Drivers Water Storage Tanks • Premiumisation: Positive reception of Sintex Eterno - industry-first 50-year warranty WST. • Economy Segment Growth: Continued momentum - added new outlets during the quarter. • Channel Expansion: Deepening
Slide 17: Sintex: Channel Expansion Underway
SINTEX: CHANNEL EXPANSION UNDERWAY Distributors Retailers (in '000s) Plumbers (in '000s) 545 37 493 86 438 30 73 374 26 356 21 52 20 19 4 Jun-24 Dec-24 Jun-25 Dec-25 Jun-26 Jun-24 Dec-24 Jun-25 Dec-25 Jun-26 Jun-24 Dec-24 Jun-25 Dec-25 Jun-26 ~1.5x ~2x ~21x Increase over 2 years Increase over 2 year
Slide 18: ESG Focus
ESG FOCUS Ranked 5th globally and 2nd in India overall - in the Steel Sector - 2025 In Governance & Economic Dimension, ranked 3rd globally and 2nd in India - in the Steel Sector - 2025 S&P Global (DJSI) ESG Ratings 78 73 68 57 41 9 2020 2021 2022 2023 2024 2025 Long Term Sustainability Goals Water
Slide 19: Thank You
THANK YOU Welspun Corp Limited CIN: L27100GJ1995PLC025609 For further queries, contact : Mr. Goutam Chakraborty Mr. Harsh Rungta Head - Investor Relations Group Head - Investor Relations Email : goutam_chakraborty@welspun.com Email : harsh_rungta@welspun.com www.welspuncorp.com Connect with us: /The