Welspun Corp has announced the receipt of significant new orders in the USA. These include two large orders for HSAW (Helical Submerged Arc Welded) Pipes and additional orders for HFIW (High-Frequency Induction Welded) Pipes, collectively valued at approximately ₹3,000 Crore.
The newly secured orders are primarily for coated pipes intended for natural gas pipeline projects, reinforcing Welspun’s market dominance in the USA. The execution of these projects is scheduled for FY26 and FY27, further strengthening the company’s revenue pipeline.
With these new contracts, Welspun Corp’s consolidated order book now stands at approximately ₹18,000 Crore, highlighting its robust growth trajectory. The company remains optimistic about the USA market, which continues to present strong opportunities in the oil and gas sector.
Welspun Corp Q3 results
Welspun Corp reported an impressive 127% year-on-year (YoY) surge in net profit to ₹674.7 crore for Q3 FY25, compared to ₹297.9 crore in the same period last year. However, the company’s revenue from operations declined by 23.9% to ₹3,613.5 crore, down from ₹4,749.7 crore in Q3 FY24.
Despite the revenue drop, EBITDA fell only 6.1% YoY to ₹434.4 crore, while the EBITDA margin improved to 12%, up from 9.8% last year. The margin expansion indicates better cost management and operational efficiency.
