Welspun Corp quarterly results and financials

Welspun Corp (WELCORP)₹2,202−1.95%(9 Nov 2026 close)Iron & Steel Products

Key facts

In the Sep 2026 quarter (consolidated), Welspun Corp reported sales of ₹4,657 Cr, up 6.1% from Sep 2025, and net profit of ₹496 Cr, up 11.5% year on year. For the year to Mar 2026, sales were ₹16,839 Cr and net profit ₹1,622 Cr.

Sales (Sep 2026): ₹4,657 Cr
Net profit (Sep 2026): ₹496 Cr
Sales (FY Mar 2026): ₹16,839 Cr
Net profit (FY Mar 2026): ₹1,622 Cr
EPS (Sep 2026): ₹18.91
Borrowings (Mar 2026): ₹2,359 Cr

Company filings, consolidated accounts; latest reported quarter Sep 2026

Welspun Corp quarterly results

₹ crore unless stated; each column is a quarter.

Welspun Corp Quarterly results
	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Sales	4,770	4,479	3,146	3,311	3,629	3,937	3,563	4,391	4,549	4,331	4,094	4,657
Expenses	4,288	4,131	2,763	2,902	3,180	3,464	3,028	3,783	3,916	3,809	3,392	3,917
Operating Profit	462	329	373	399	433	459	523	590	614	502	690	726
OPM %	10.0%	7.0%	12.0%	12.0%	12.0%	12.0%	15.0%	14.0%	14.0%	12.0%	17.0%	16.0%
Other Income	62.17	179	83.25	125	489	572	84.28	132	120	142	687	97.27
Interest	61.97	75.01	65.95	82.93	81.97	87.89	62.97	48.94	51.01	48.96	44.95	37.96
Depreciation	90.17	87.26	85.17	89.24	90.22	87.20	85.23	84.23	93.22	93.31	125	129
Profit before tax	373	347	305	352	749	855	461	588	593	504	1,207	656
Tax %	21.1%	17.0%	19.1%	20.1%	10.1%	18.0%	24.0%	25.0%	23.0%	26.1%	13.1%	24.1%
Exceptional items	0.00	0.00	0.00	−9.01	0.00	391	0.00	0.00	0.00	0.00	0.00	0.00
Net Profit	294	287	248	283	672	700	349	444	456	372	1,049	496
EPS (Rs)	11.17	10.25	9.48	10.95	25.75	26.66	13.33	16.70	17.18	14.06	39.70	18.91

Welspun Corp profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Welspun Corp Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	7,258	5,922	6,375	8,981	9,995	7,179	6,532	9,799	17,410	14,021	16,839	17,632
Expenses	6,453	5,383	5,873	8,310	8,760	6,359	6,030	9,275	15,779	12,289	14,535	15,034
Operating Profit	785	518	471	642	1,198	793	472	493	1,556	1,679	2,228	2,532
OPM %	11.0%	9.0%	7.0%	7.0%	12.0%	11.0%	7.0%	5.0%	9.0%	12.0%	13.0%	14.4%
Other Income	99.26	140	128	−106	244	620	546	387	506	1,252	480	1,048
Interest	241	236	170	177	144	84.93	102	243	304	320	212	183
Depreciation	387	387	258	261	234	247	256	304	349	352	356	441
Profit before tax	258	36.03	173	101	1,067	1,082	662	334	1,414	2,262	2,149	2,960
Tax %	31.1%	72.1%	12.1%	122.1%	39.1%	24.1%	33.1%	40.0%	20.0%	16.0%	25.1%	—
Exceptional items	30.03	−3.01	6.01	49.06	−18.02	155	−5.01	52.08	92.15	697	1.01	0.00
Net Profit	179	10.01	153	−22.02	655	828	444	199	1,137	1,904	1,622	2,372
EPS (Rs)	5.73	1.01	5.98	−0.51	24.37	29.45	16.83	7.92	42.49	72.83	61.24	89.85
Dividend payout %	9.0%	50.0%	8.0%	−100.0%	43.0%	17.0%	30.0%	63.0%	12.0%	7.0%	8.0%	—

Welspun Corp balance sheet

₹ crore, at each year end.

Welspun Corp Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	132	133	133	133	133	130	130	130	131	131	131	132
Reserves	2,674	2,673	2,686	2,728	2,674	3,096	3,964	4,307	4,593	5,484	7,338	9,058
Borrowings	3,025	2,649	1,847	1,389	1,307	1,064	1,023	2,060	3,388	1,972	1,125	2,359
Other Liabilities	3,984	3,184	3,579	3,440	4,094	3,664	2,577	2,671	7,169	4,229	6,616	8,860
Total Liabilities	9,816	8,638	8,245	7,691	8,209	7,953	7,694	9,168	15,280	11,815	15,210	20,409
Fixed Assets	4,648	3,720	3,345	3,034	1,562	1,611	2,591	2,427	4,891	4,788	4,692	6,514
CWIP	79.81	33.88	31.89	16.96	46.88	82.77	147	1,258	86.77	86.72	785	1,237
Investments	804	1,016	724	488	476	784	1,712	2,305	1,536	1,099	1,401	1,863
Other Assets	4,284	3,867	4,143	4,152	6,124	5,477	3,244	3,177	8,766	5,842	8,332	10,794
Inventories	2,205	1,292	1,764	1,511	2,222	2,267	1,212	1,018	5,680	2,314	4,205	4,652
Trade receivables	1,132	1,402	1,466	1,316	1,182	1,146	669	814	1,141	1,800	1,772	1,720
Cash & equivalents	332	554	229	626	668	512	258	698	1,198	1,068	1,251	2,962
Total Assets	9,816	8,638	8,245	7,691	8,209	7,953	7,694	9,168	15,280	11,815	15,210	20,409

Welspun Corp cash flow

₹ crore, for each year.

Welspun Corp Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	899	353	402	979	621	647	773	218	−185	1,304	1,500	3,196
Cash from investing activity	339	−327	620	185	−256	−49.12	−850	−202	−349	374	195	−3,728
Cash from financing activity	−1,106	−99.08	−980	−762	−335	−744	−198	453	910	−1,878	−1,369	876
Net cash flow	133	−71.03	42.01	405	33.02	−144	−271	470	376	−198	328	365
Capex	91.17	235	82.18	54.11	60.16	175	320	981	1,198	300	855	2,539
Free cash flow	811	122	321	932	564	474	517	−756	−1,234	1,021	689	714
CFO / OP %	108.0%	60.0%	69.0%	200.0%	110.0%	77.0%	118.0%	78.1%	−13.0%	96.0%	109.0%	157.0%

Welspun Corp ratios

Working-capital days and returns, by year.

Welspun Corp Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	48	70	90	75	47	41	33	45	42	37	45	36
Inventory days	138	107	159	125	129	127	93	78	286	70	173	166
Days payable	154	132	198	177	92	81	55	75	130	68	133	118
Cash conversion cycle	32	44	51	23	85	87	71	47	198	39	86	84
Working capital days	18	5	33	22	49	39	36	−47	−26	12	8	−23
ROCE %	8.0%	8.0%	5.0%	7.0%	12.1%	30.1%	20.1%	13.0%	6.0%	20.0%	21.1%	23.1%

Welspun Corp: frequently asked questions

What are the latest quarterly results of Welspun Corp?

For the Sep 2026 quarter, Welspun Corp reported sales of ₹4,657 Cr, up 6.1% year on year and net profit of ₹496 Cr, up 11.5% year on year. The operating margin was 16.0%.

What is the annual revenue of Welspun Corp?

Welspun Corp's sales for the year to Mar 2026 were ₹16,839 Cr; over the last twelve months they were ₹17,632 Cr.

What is the net profit of Welspun Corp?

Net profit for the year to Mar 2026 was ₹1,622 Cr, and ₹2,372 Cr over the last twelve months. Earnings per share over the same trailing period were ₹89.85.

How much debt does Welspun Corp have?

Welspun Corp reported borrowings of ₹2,359 Cr at Mar 2026, against cash and equivalents of ₹2,962 Cr.

What is the free cash flow of Welspun Corp?

Cash from operations was ₹3,196 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹714 Cr.

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