Welspun Corp Q2 Net Profit Drops 26%

12 Nov 2024 , 10:02 AM

Welspun Corp reported its Q2 FY25 financial results, with net profit at ₹287 crore, reflecting a 26.3% decrease from the previous year’s ₹386.57 crore due to lower revenue and market pressures.

Consolidated revenue for the quarter ended September 30, 2024, stood at ₹3,364 crore, an 18.6% decline from the ₹4,059.45 crore recorded in the same quarter last year.

EBITDA for Q2 FY25 amounted to ₹462 crore, with an EBITDA margin of 14%, highlighting steady operational profitability. The company’s net debt-to-EBITDA ratio was 0.30x, indicating strong financial stability and effective debt management.

Operationally, line pipes sales totaled 206 KMT, ductile iron (DI) pipes reached 65 KMT, stainless steel (SS) bars accounted for 3.9 KMT, SS pipes came to 1.3 KMT, and TMT sales were 41 KMT. The total order book value at the end of September 2024 was approximately ₹12,573 crore, ensuring a robust future revenue pipeline.

This order book included 704 KMT of line pipes valued at ₹9,500 crore, 356 KMT of DI pipes worth ₹2,914 crore, and 5,800 MT of SS bars and pipes valued at ₹259 crore. Welspun remains focused on strengthening its market position in the steel, sponge iron, and pig iron sectors, with a strong pipeline of projects across its product categories.