Slide 1: Exchange filing cover letter: Press Release and Investors' Presentation
WCL/SEC/2026 May 21, 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/ Mad
Slide 2: Welspun Corp Ltd Delivers Strong Q4 & FY26 Performance
Welspun Corp Ltd Delivers Strong Q4 & FY26 Performance Surpassed Full Year Guidance | Robust Order Book | Healthy Balance Sheet May 21, 2026, Mumbai: Welspun Corp Ltd (WCL), the flagship company of Welspun World, announced its consolidated financial results for the quarter ended March 31st, 2026. Ke
Slide 3: Consolidated Financial Performance: Q4 & FY26
Consolidated Financial Performance: Q4 & FY26 **PAT: Q4FY25 includes INR 477 Cr of one time proceeds from stake sale of Nauyaan Shipyard FY25 also includes INR 378 Cr of one time proceed from sale of EPIC stake and INR 11 Cr write down impact of 100% equity divestment in Sintex Logistics LLC, USA du
Slide 4: Investor Presentation Q4 & FY26
Investor Presentation Q4 & FY26 Date: 21st May, 2026
Slide 5: 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 6: Agenda
AGENDA 1. BUSINESS VERTICALS 2. OPERATIONAL & FINANCIAL PERFORMANCE 3. GUIDANCE 4. BUSINESS ENVIRONMENT 5. ESG 6. PEOPLE FOCUS 3 of 19
Slide 7: WCL: Business Verticals
WCL: BUSINESS VERTICALS 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 producer in India from INDIA USA KSA KSA presence Stainless Steel-making • Water Storage Tanks t
Slide 8: Sales Volume: Q4 & FY26
SALES VOLUME: Q4 & FY26 Products (KMT) Q4FY26 Q4FY25 YoY FY26 FY25 YoY Line Pipes (India + USA) 255 245 4% 954 851 12% DI Pipes 105 76 38% 342 272 26% Stainless Steel Bars 6.6 5.2 28% 27.2 18.9 44% Stainless Steel Pipes 1.1 1.3 -17% 5.2 4.8 9% TMT Rebars 60 51 17% 185 211 -12% Line Pipes figures are
Slide 9: Financial Performance Q4 & FY26
FINANCIAL PERFORMANCE Q4 & FY26 PARTICULARS (INR crore) Q4FY26 Q4FY25 YoY FY26 FY25 YoY Revenue from Operations 4,313 3,925 10% 16,770 13,978 20% Other income 36 42 -15% 135 190 -29% EBITDA 539 502 7% 2,371 1,858 28% Depreciation and Amortisation 93 87 7% 355 351 1% Finance Cost 49 88 -44% 212 320 -
Slide 10: EBITDA Growth
EBITDA GROWTH EBITDA (INR Cr) EBITDA Margin 2,371 14.0% 1,804 1,858 13.1% 10.3% 805 8.0% FY23 FY24 FY25 FY26 FY23 FY24 FY25 FY26 7 of 19
Slide 11: Healthy Balance Sheet
HEALTHY BALANCE SHEET Net Debt/ (Cash) (INR Cr) Net Working Capital Days 1,138 44 387 31 30 FY23 FY24 FY25 FY26 -1,049 FY23 FY24 FY25 FY26 -1,627 -5 FY26 Net Cash in spite of capex of ~INR 2,532 Cr NWC Negative due to Advances received from customers 8 of 19
Slide 12: OCF / FCF Generation
OCF / FCF GENERATION Particulars (INR Cr) FY23 FY24 FY25 FY26 EBITDA 805 1,804 1,858 2,371 Operating Cash Flow (OCF) (185) 1,306 1,504 3,204 Less: Capex 1,194 299 853 2,532 Free Cash Flow (FCF) (1,379) 1,007 651 672 Dividend Payout 131 131 131 131 9 of 19
Slide 13: ROCE
ROCE 22.3% 21.0% 20.0% 7.9% FY23 FY24 FY25 FY26 10 of 19
Slide 14: Guidance: FY27
GUIDANCE: FY27 FY26 FY26 FY27 Particulars (Full Year) Growth (over (INR Cr) FY26 Actual) Guidance Actual Guidance Revenue 17,500 16,770 20,000 19% EBITDA 2,200 2,371 2,850 20% Revenue is a function of input steel price, which are a pass through Our Guard- rail ROCE: > 20% Net Debt/ EBITDA: <1 Global
Slide 15: Business Environment: Line Pipes
BUSINESS ENVIRONMENT LINE PIPES Higher Oil prices expected to attract new investments in global line pipe projects Geo political conflicts have clearly reassured all countries to push for their energy security and thereby boosting demand scenario for line pipes USA: strong multi year visibility
Slide 16: Business Environment: DI Pipes
BUSINESS ENVIRONMENT DI PIPES India: JJM: Allocation of Rs 67,000 Crore in the latest budget and increase in Central Government’s support by Rs 1.5 lakh Crore indicating consistent focus; However, overcapacity and fund allocation still remains a big concern Amrut 2.0: Funds have started flowing
Slide 17: Business Environment: SS Bars and Pipes & Tubes
BUSINESS ENVIRONMENT SS BARS AND PIPES & TUBES Global markets on the back of geo political scenario continued slowness with tepid demand ever since US Tariff actions leading to caution and volatility. Tariff negotiations with multiple countries still continue amidst global supply chain uncertain
Slide 18: Business Environment: WST and Plastic Pipes (Sintex)
BUSINESS ENVIRONMENT WST AND PLASTIC PIPES (SINTEX) • Significant price increases undertaken during the quarter due to increasing raw material costs amid heightened global geopolitical uncertainty • Premiumisation: Launched Sintex Eterno — an industry-first 50-year warranty tank designed to reinforc
Slide 19: Sintex: Strengthening Premium Segment
SINTEX: STRENGTHENING PREMIUM SEGMENT Eterno Branding in Women’s Premier League Eterno TVC Branding in T20 World Cup Launch of Eterno 50-Year Warranty Tank reinforces Sintex’s 50-year legacy of durability and consumer trust Active Silver hygiene protection with anti-algae, anti-fungal and UV-protect
Slide 20: ESG Focus
ESG FOCUS Ranked 5th globally and 2nd in India in the Steel Sector- 2025 Ranked 1st in ‘Business S&P Global (DJSI) ESG Ratings World - India’s Most 78 68 73 Sustainable Companies’ in Infrastructure, Logistics 57 & Ports category 41 9 Long Term Sustainability Goals 2020 2021 2022 2023 2024 2025 Water
Slide 21: WCL - A Greater Place to Work
WCL- A GREATER PLACE TO WORK GPTW Certified for 2 Consecutive Years with Improved Scores Particulars 2024 2025 Trust IndexTM Grand Mean 89 91 Respect 88 90 Pride 92 93 Validity Period: September to September 18 of 19
Slide 22: Thank You
THANK YOU Welspun Corp Limited CIN: L27100GJ1995PLC025609 For further queries, contact Name : Mr. Goutam Chakraborty Head- Investor Relations Email : goutam_chakraborty@welspun.com www.welspuncorp.com Connect with us: /TheWelspunGroup /WelspunGroup /welspungroup /company/welspun-group 19 of 19