Welspun Corp Limited delivered exceptional financial results for Q1 FY27, with consolidated net profit more than doubling to ₹1,046 crore, representing a 199% year-on-year increase compared to ₹349.16 crore in the same quarter last year. As per the company's latest announcement, consolidated revenue from operations reached ₹4,081 crore, up from ₹3,551.49 crore in Q1 FY26, marking a 15% year-on-year growth. Total consolidated income for Q1 FY27 stood at ₹4,144.91 crore, compared to ₹3,586.52 crore in the corresponding period of the previous fiscal year. Profit before tax surged to ₹1,207.13 crore against ₹461.05 crore in Q1 FY26. The company's consolidated basic earnings per share (EPS) increased to ₹39.68 from ₹13.32 in the quarter ended 30 June 2025, while diluted EPS also rose to ₹39.65 from ₹13.29 over the same period. Operating EBITDA margin expanded significantly to 19.73% from 16.21% in the prior year period, indicating strong underlying business momentum.
The board of Welspun Corp approved the acquisition of an additional 51% equity stake in Welspun Captive Power Generation Limited (WCPGL) from Welspun Living Limited (WLL), a promoter group company. According to reports from Business Standard and Angel One, the transaction was approved at a meeting held on 24 July 2026 that commenced at 11:30 a.m. and concluded at 2:00 p.m. The acquisition involves 1,50,64,213 equity shares of face value ₹10 each, at a total consideration of ₹67.66 crore. As reported by Angel One, the acquisition is subject to the execution of definitive transaction documents and receipt of applicable statutory, regulatory and other approvals. The company has been given until August 31 to close the deal, subject to the usual regulatory sign-offs. This acquisition will increase Welspun Corp's aggregate holding in WCPGL to 74%, making it a subsidiary and enhancing the company's captive power generation capabilities.
Welspun Corp is expanding into the green construction materials space by taking a 26% stake in Slagexcel Private Limited, a newly incorporated company that will manufacture ground granulated blast furnace slag (GGBS) through the slag granulation process. The company's board approved an investment of ₹26,000 for subscribing to this 26% stake, marking Welspun Corp's entry into a business closely linked to the steel and cement value chains. GGBS, produced by processing blast furnace slag generated during steel production, is increasingly being used as a substitute for clinker in cement and concrete applications due to its lower carbon footprint. For Welspun Corp, this venture provides an opportunity to create additional value from industrial by-products while participating in the shift towards sustainable construction materials, though the company did not disclose the planned capacity or investment outlay for the proposed GGBS facility.
During the quarter, Welspun Mauritius Holdings Limited sold 14,17,280 shares of East Pipes Integrated Company (EPIC) to financial investors on the Tadawul Stock Exchange. The sale generated a consideration of SAR 283.46 million (approximately ₹723.55 crore), resulting in a gain of ₹547.93 crore for the company. This one-time gain significantly contributed to the strong profit growth in Q1 FY27, with the company's Q1 FY27 results showing consolidated net profit jumping 199% YoY to ₹1,046 crore, though excluding the EPIC stake sale, pre-tax profit still grew to about ₹659 crore, up from ₹461 crore a year earlier. Revenue growth of 15% YoY to ₹4,081 crore was driven mainly by the steel products segment, which brought in ₹3,906 crore against ₹3,393 crore last year. Other income rose to ₹63.79 crore from ₹35.03 crore in the corresponding quarter, while total expenses stood at ₹3,558.54 crore compared to ₹3,174.44 crore in Q1 FY25.
As of July 24, 2026, Welspun Corp shares are trading at ₹1,596.90 per share on the NSE, with a previous close of ₹1,612.80, reflecting a decline of 0.99% from the previous trading session. The stock has fluctuated within a day range of ₹1,566.20 to ₹1,622.40, while its 52-week range spans from ₹710.00 to ₹1,698.80. The company's market capitalization stands at ₹421.14 billion with a dividend yield of 0.31% and TTM EPS of ₹61.20. The stock is currently trading at a price-to-book multiple of 4.6x and price-to-sales ratio of 2.5x, with the company maintaining a consolidated debt-equity ratio of 0.11 and net worth of ₹10,449 crore. The market reaction suggests investor assessment of the strategic value of the captive power generation subsidiary acquisition and the company's broader growth initiatives, with the stock trading at a price-to-book multiple in the high single digits given the growth in profitability and order momentum.
