Welspun Corp Ltd
Welspun Corp Ltd Q2 FY26 Results & Concall Highlights: Revenue, Margins & Order Book
Q2 FY26 earnings call: what management guided on revenue, margins and order book.
The short version
Welspun aims to maintain ROCE above 23-24%, indicating focus on profitability and efficient capital use (Page 19). - Growth expected across core products and geographies—America, India, and Saudi Arabia offer significant opportunities (Page 19). - Order book robust at Rs. Welspun Corp aims to maintain ROCE above 23-24%, reflecting focus on profitability and efficient capital use (Page 19). - The company expects growth driven by strong order books in the U.S., India, and Saudi markets, with visibility of over two years in the U.S.
From Welspun Corp Ltd's Q2 FY26 earnings-call transcript · updated 23 Aug 2026.
Revenue & Sales Performance
- Welspun aims to maintain ROCE above 23-24%, indicating focus on profitability and efficient capital use (Page 19).
- Growth expected across core products and geographies—America, India, and Saudi Arabia offer significant opportunities (Page 19).
- Order book robust at Rs. 23,500 crores, inclusive of recent U.S. orders, providing visibility for over two years in the U.S. market and more than a year in others (Pages 3, 17).
- CAPEX of Rs. 5,500 crores spread over 3-4 years supports capacity expansion, with accelerated spending planned in H2 FY '26 and FY '27 (Pages 16, 17).
- Expansion in U.S. (LSAW and HFIW plants) driven by anticipated long-term demand from sectors like data centers, LNG, and midstream companies (Page 11).
- Water sector demand in India and Saudi Arabia expected to revive strongly, aided by government schemes like Nal Se Jal and Amrut 2.0 across all pipe categories—HDP, OPVC, DIP (Pages 16, 8).
- Sintex brand building and geographic expansion underway, with long-term growth expected despite near-term market softness (Pages 15, 9).
2 more points management made on revenue & sales performance
Profitability & Margins
See what Welspun Corp Ltd said on profitability & margins — free account, 30 seconds.
Capital Expenditure Plans
- Total CAPEX plan of approximately Rs. 5,500 crores spread over 3-4 years starting FY '25.
- About Rs. 2,000 crores already spent (close to Rs. 1,000 crores in FY '25 and Rs. 950 crores in H1 FY '26).
- Remaining CAPEX of ~Rs. 3,500 crores to be spent mainly during H2 FY '26 and FY '27, with Rs. 1,500 crores planned for H2 FY '26.
- Significant investments underway in Saudi Arabia and U.S. projects supporting fast-paced growth.
- New longitudinal pipe plant in U.S. under construction; expected commissioning by next year.
- DI pipe plant commissioning in Saudi Arabia expected by end of this financial year to reduce import dependence.
2 more points management made on capital expenditure plans
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Ranked on what management guided this quarter
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Fundraising & Capital Structure
See what Welspun Corp Ltd said on fundraising & capital structure — free account, 30 seconds.
Order Book & Pipeline
- Welspun Corp's consolidated order book stands at a record high of Rs. 23,500 crore (as of October 25, 2025), the highest in the last 10 years.
- The order book provides visibility for more than two years for the American market and over one year for other territories including India.
- The line pipe order book for India and the U.S. combined is approximately 1.2 million tons, roughly equally split with about 600,000 tons each.
- The company has a strong confirmed order book of nearly 300,000 tons for ductile iron (DI) pipes.
- The Saudi Arabia subsidiary has an order book exceeding two years, separate disclosures are made for this.
2 more points management made on order book & pipeline
Welspun Corp Ltd — Quarterly revenue & net profit
Reported quarterly figures (₹ Cr). Latest: revenue ₹4.3K Cr, net profit ₹371 Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.
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What Welspun Corp Ltd's management said in earlier quarters
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Frequently Asked Questions
What were Welspun Corp Ltd Q2 FY26 results?
Welspun aims to maintain ROCE above 23-24%, indicating focus on profitability and efficient capital use (Page 19). - Growth expected across core products and geographies—America, India, and Saudi Arabia offer significant opportunities (Page 19). - Order book robust at Rs. Welspun Corp aims to maintain ROCE above 23-24%, reflecting focus on profitability and efficient capital use (Page 19). - The company expects growth driven by strong order books in the U.S., India, and Saudi markets, with visibility of over two years in the U.S.
What is Welspun Corp Ltd share price analysis?
Welspun Corp Ltd currently shows a neutral. The stock trades at a P/E of 21.4 with a market cap of ₹49,416 Cr. Investors should review the full earnings analysis for detailed insights.
Is Welspun Corp Ltd planning capital expenditure?
Total CAPEX plan of approximately Rs.
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This analysis is AI-generated based on publicly available earnings data and the company's earnings call transcript. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.