Welspun Corp Q1 Results: Profit nearly triples to Rs 1,048 crore

Welspun Corp reported a nearly threefold jump in Q1 net profit to Rs 1,048 crore from Rs 349.16 crore a year ago, while total income rose to Rs 4,144.91 crore from Rs 3,586.52 crore. The company also announced acquisition of an additional 51 percent stake in Welspun Captive Power Generation Ltd from promoter group entity Welspun Living for Rs 67.66 crore, making it a subsidiary. Management highlighted highest-ever quarterly EBITDA, ROCE crossing 23 percent, and a global order book of Rs 24,750 crore, with US and Saudi Arabia expansions on track for FY27 commissioning.