Audited Financial Results for the quarter and year ended 31st March 2025
Awaiting price reaction for this filing.
Welspun Corp reported a strong FY25 with consolidated net profit of Rs 1,902.28 crores, up 67% from Rs 1,136 crores in FY24, despite revenue falling 19% to Rs 13,977.54 crores from Rs 17,339.60 crores. The profit boost was driven by exceptional gains of Rs 465.68 crores, mainly from the sale of a 74% stake in Nauyaan Shipyard to a Reliance subsidiary (Rs 382.72 crores) and a fair value gain on remeasurement of an associate (Rs 93.78 crores). Operating EBITDA margin expanded from 11.35% to 14.08%, and EPS rose to Rs 72.80 from Rs 42.45. The board recommended a final dividend of Rs 5 per share (100% on face value of Rs 5). The company also plans to raise up to Rs 500 crores via commercial papers or NCDs for working capital needs. Auditor B S R & Co. LLP gave an unmodified opinion.
Strong profit growth and margin expansion are positive for shareholders, though the revenue decline and heavy reliance on one-off exceptional gains temper the underlying earnings picture. The 100% dividend and improved debt-equity ratio (0.12 vs 0.33) signal balance sheet strength, likely to be viewed favorably by the market.