Welspun Corp (532144) Q2 24/25 earnings summary

Executive summary

• Unaudited consolidated and standalone financial results for the quarter and half year ended September 30, 2024, were approved and released, showing continued profitability and operational growth.

• Board approved major capital projects, including capacity expansions in India and Saudi Arabia, and a new DRI plant for cost efficiency.

• Change in Key Managerial Personnel: appointment of Mr. Kamal Rathi as Company Secretary, replacing Mr. Paras Shah.

Financial highlights

• Consolidated revenue for Q2 FY25: ₹3,301.83 crore; H1 FY25: ₹6,439.06 crore.

• Net profit for Q2 FY25: ₹286.49 crore; H1 FY25: ₹533.52 crore.

• EBITDA margin for Q2 FY25: 14.80%; Net profit margin: 8.57%.

• Standalone revenue for Q2 FY25: ₹2,032.88 crore; net profit: ₹108.26 crore.

• Cash and cash equivalents as of September 30, 2024: ₹509.43 crore (consolidated); ₹75.52 crore (standalone).

Outlook and guidance

• Strong demand outlook for HSAW and LSAW pipes in India and KSA, supported by infrastructure investments and water projects.

• New projects expected to enhance capacity, efficiency, and market reach by FY26.