Approval of Project updates
Awaiting price reaction for this filing.
Welspun Corp's Board approved consolidated FY25 audited results showing revenue from operations at Rs. 13,977.54 crores, down about 19% from Rs. 17,339.60 crores in FY24. Net profit jumped to Rs. 1,902.28 crores from Rs. 1,136 crores, helped by Rs. 465.68 crores of exceptional items, including a Rs. 377.79 cr gain on sale of EPIC (Saudi associate) shares and Rs. 382.72 cr from a deal involving Nauyaan Shipyard. Operating EBITDA margin expanded to 14.08% from 11.35% in FY24. The Board recommended a final dividend of Rs. 5 per share (100% on face value of Rs. 5) and approved raising up to Rs. 500 crores via Commercial Papers or NCDs for working capital needs. New and existing project approvals were cleared, and M/s Siroya and BA Associates were appointed as Secretarial Auditors for a 5-year term from FY26 to FY30.
The headline PAT jump looks strong, but most of the profit boost came from one-time exceptional gains (EPIC stake sale, Nauyaan Shipyard transaction) rather than core operations, even as revenue declined sharply year-on-year. Shareholders get a full Rs. 5 dividend and the debt-equity ratio improved to 0.12, signalling a strong balance sheet, but investors should watch whether the core steel business can recover revenue growth going forward.