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Stock Report
Welspun Corp Reports Stellar Q1 FY27 Results: Net Profit Surges 200% YoY to ₹1,047.88 Crore Driven by Associate Stake Sale
Posted On : 2026-07-24 17:53:49( TIMEZONE : IST )
Global line pipe and steel solutions major Welspun Corp Limited (NSE: WELCORP, BSE: 521248) announced its consolidated unaudited financial results for the first quarter ended June 30, 2026 (Q1 FY27). Backed by healthy operational performance, expanding operating margins, and a substantial gain from the strategic sale of shares in an associate entity, the company posted a massive threefold surge in net profit.
Financial Highlights: Q1 FY27 vs Q1 FY26
Revenue from Operations: Grew by 14.91% YoY to ₹4,081.12 crore for the quarter ended June 30, 2026, compared to ₹3,551.49 crore recorded in Q1 FY26. Sequentially, operational revenue saw a mild decline of 5.37% from ₹4,312.56 crore reported in Q4 FY26.
Total Income: Stood at ₹4,144.91 crore, up 15.57% YoY from ₹3,586.52 crore in the corresponding period of the previous fiscal year, supported by an other income contribution of ₹63.79 crore.
Profit Before Tax (PBT): Escalated significantly to ₹1,207.13 crore, marking a 161.82% YoY surge from ₹461.05 crore in Q1 FY26, largely boosted by a exceptional boost from the sale of shares in an associate company.
Net Profit (PAT): Tripled to ₹1,047.88 crore, registering a 200.11% YoY increase compared to ₹349.16 crore in Q1 FY26. Net profit attributable to the owners of the company came in at ₹1,046.49 crore.
Earnings Per Share (EPS): Basic EPS expanded sharply to ₹39.68 per share (face value ₹5/- each) in Q1 FY27 from ₹13.32 per share in Q1 FY26. Diluted EPS stood at ₹39.65.
Total Comprehensive Income: Reached ₹1,042.36 crore, up 206.43% YoY from ₹340.16 crore reported in Q1 FY26.
Strategic Gain & Joint Venture Contribution
A defining driver of Welspun Corp's record bottom-line performance during the quarter was a exceptional non-operational gain:
Profit on Sale of Shares in Associate: The company recognized a gain of ₹547.93 crore on the sale of shares in an associate entity during Q1 FY27.
Share of Profit from JVs & Associates: Share of net profit from joint ventures and associates contributed ₹72.83 crore during the quarter, compared to ₹48.97 crore in Q1 FY26.
Segment-Wise Performance
Steel Products: Remained the core driver of business activity, generating segment revenue of ₹3,906.07 crore (up 15.12% YoY from ₹3,393.06 crore in Q1 FY26). The segment yielded a strong result of ₹598.81 crore before finance costs, non-operating expenses, and tax.
Others (Including Plastic Products): Recorded segment revenue of ₹175.05 crore compared to ₹158.43 crore in Q1 FY26. However, the segment reported a loss of ₹37.06 crore for the quarter.
Total Segment Results: After adding net unallocated income of ₹69.80 crore, total segment results stood at ₹631.55 crore.
Operating Expenses & Margins
Consolidated total expenses for Q1 FY27 were managed at ₹3,558.54 crore, compared to ₹3,174.44 crore in Q1 FY26:
Raw Material & Inventory: Cost of materials consumed stood at ₹2,331.94 crore, while changes in inventories of finished goods, work-in-progress, and stock-in-trade had a marginal impact of -₹3.59 crore.
Employee Expenses: Increased to ₹313.63 crore from ₹285.05 crore in Q1 FY26.
Finance Costs: Reduced by 28.49% YoY to ₹45.18 crore, down from ₹63.18 crore in Q1 FY26.
Other Expenses: Stood at ₹744.21 crore compared to ₹710.70 crore in Q1 FY26.
Operating EBITDA Margin: Expanded significantly to 19.73% in Q1 FY27, up from 16.21% in Q1 FY26 and 14.57% in Q4 FY26.
Net Profit Margin: Jumped to 25.68% for the quarter, compared to 9.83% in Q1 FY26.
Balance Sheet Strengths & Financial Ratios
Welspun Corp strengthened its financial position significantly during the quarter:
Networth: Stood at a robust ₹10,449.45 crore as of June 30, 2026, compared to ₹8,070.21 crore as of June 30, 2025.
Debt-Equity Ratio: Lowered to 0.11 as of June 30, 2026, down from 0.13 in Q1 FY26 and 0.23 in Q4 FY26.
Interest Service Coverage Ratio (ISCR): Improved drastically to 69.58 in Q1 FY27, compared to 18.21 in Q1 FY26.
Current Ratio: Remained comfortable at 1.29.
Working Capital Cycle: Inventory turnover stood at 189 days (down from 207 days in Q1 FY26), while debtors turnover improved to 32 days (down from 44 days in Q1 FY26).
Total Assets: Expanded to ₹20,761.48 crore as of June 30, 2026, up from ₹16,085.90 crore in the year-ago period. Total consolidated liabilities stood at ₹10,312.03 crore.
Shares of Welspun Corp Limited was last trading in BSE at Rs. 1610.60 as compared to the previous close of Rs. 1611.45. The total number of shares traded during the day was 6515 in over 531 trades.
The stock hit an intraday high of Rs. 1620.70 and intraday low of 1602.55. The net turnover during the day was Rs. 10505979.00.
