Shares of Welspun Corp fell 3% after the company reported a sharp decline in its consolidated net profit for the fourth quarter of FY26, mainly due to lower exceptional gains compared to the same period last year.
The company posted a consolidated net profit of ₹370.4 crore for the January–March quarter, marking a 47% year-on-year decline from ₹698.3 crore reported in the corresponding quarter of the previous financial year. Despite the fall in profit, Welspun Corp delivered steady operational performance during the quarter.
Revenue from operations increased 9.9% year-on-year to ₹4,312.6 crore, compared with ₹3,925 crore in the year-ago period. The company’s EBITDA also rose 9.5% to ₹503.8 crore from ₹460.2 crore last year, reflecting stable business momentum. EBITDA margin remained unchanged at 11.7%, indicating consistent operational efficiency.
The board of directors recommended a final dividend of ₹5 per equity share with a face value of ₹5 each for the financial year ended March 31, 2026. The dividend proposal is subject to approval by shareholders at the upcoming annual general meeting.
In a separate development, the board approved the sale of its 26% stake in Clean Max Dhyuthi Private Limited to promoter group company Welspun Living Limited for ₹7.6 crore. Following the completion of the transaction, Clean Max Dhyuthi will no longer remain an associate company of Welspun Corp.
Market participants reacted cautiously to the earnings announcement, leading to pressure on the stock despite healthy revenue and EBITDA growth. Investors appeared concerned over the significant decline in bottom-line profitability on a yearly basis.
Ahead of the results announcement, Welspun Corp shares had settled 0.94% higher at ₹1,329.10 on the NSE on Thursday. However, after the quarterly earnings update, the stock witnessed selling pressure in trade.
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