Welspun Corp Q2 Results: Net profit declines 26% amid market pressures, revenue plunges 18.6%

Homegrown Welspun Corp on Friday announced the results for the second quarter of fiscal year 2025. The company, a leading player in the steel, sponge iron, and pig iron industry, reported a net profit of ₹287 crore for the quarter, a 26.3% from the same period last fiscal.

The company had posted a profit of ₹386.57 crore in the last corresponding quarter. It said that the decline in profit was because of lower revenue and external market pressures.

Welspun's consolidated revenue for the three months ended September 30 was ₹3,364 crore, a decrease of 18.6% from ₹4,059.45 crore from the previous year.

In terms of profitability, Q2 FY25 EBITDA stood at ₹

462 crore, with an EBITDA margin of 14%. The company’s net debt-to-EBITDA ratio remains low at 0.30x, indicating strong financial health.

On the operational front, line pipes sales reached 206 kilo metric tonnes (KMT) for the second quarter, DI pipes reached 65 KMT, SS bars reached 3.9 KMT, SS pipes totaled 1.3 KMT, and TMT sales were 41 KMT.

The company’s had a total order value of approximately ₹12,573 crore as at end of September. The order book includes 704 KMT of line pipes valued at ₹9,500 crore, 356 KMT of DI pipes valued at ₹2,914 crore, and 5,800 MT of SS bars and pipes valued at ₹259 crore.

Shares of Welspun Corp ended 3% lower at ₹775 on Friday. The stock has fallen 6.8% during the week.

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