Welspun Corp Limited (WCL) reported strong financial results for the third quarter of the financial year 2024-25, with a consolidated net profit of ₹672.19 crore, marking a significant increase from ₹293.70 crore in the same quarter last year. The company’s revenue from operations stood at ₹3,613.51 crore, reflecting a decline from ₹4,749.71 crore in Q3 FY24.
The growth in profit was bolstered by a substantial gain of ₹377.79 crore from the sale of shares in East Pipes Integrated Company for Industry (EPIC). The company also reported an improved operating EBITDA margin of 14.18%, compared to 11% in the corresponding quarter last year.
Key Financial Highlights (Q3 FY25 vs. Q3 FY24):
- Revenue from operations: ₹3,613.51 crore (down from ₹4,749.71 crore)
- Net profit: ₹672.19 crore (up from ₹293.70 crore)
- EBITDA margin: 14.18% (up from 11%)
- Earnings per share (EPS): ₹25.73 (basic), up from ₹11.16
Despite a decline in revenue, the company’s profitability was aided by efficient cost management and strategic divestments. The company’s finance costs stood at ₹82.26 crore, while depreciation and amortization expenses were ₹90.04 crore.
Welspun Corp also announced the approval of a ₹250 crore investment in its subsidiary, Welspun Specialty Solutions Limited (WSSL), as part of a rights issue. Additionally, the board approved the sale of a 19% equity stake in Welassure Private Limited to Rakshak Securitas Private Limited for ₹0.95 crore.
Commenting on the results, Vipul Mathur, Managing Director & CEO of Welspun Corp, stated, “Our performance reflects our strategic focus on value creation and operational efficiency. The recent divestment of EPIC shares and planned investment in WSSL will further strengthen our position in the industry.”
The company’s stock has remained resilient in the market, backed by its strong financial performance and strategic initiatives.
