Welspun Corp Limited has informed the Exchange about General Updates - Noting of completion of projects and sale of equity stake in Associate Company.
WELCORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Welspun Corp's Board approved audited FY26 results showing consolidated revenue of Rs. 16,770 crores (up 20% YoY) but net profit declined to Rs. 1,620 crores from Rs. 1,902 crores in FY25. The Board recommended a final dividend of Rs. 5 per share (100% payout). Two major expansion projects were noted as complete: the Anjar facility has been upgraded to produce both Spiral and LSAW pipes, and a new coating facility at Bhopal with 3 million sq.mtr annual capacity has been commissioned. The company sold its entire 26% stake (48,599 shares) in Clean Max Dhyuthi Private Limited to promoter group entity Welpsun Living Limited for Rs. 7.6 crores, making CleanMax cease to be an associate company.
Positive signals include strong revenue growth and new manufacturing capacity coming online, though profit decline may concern investors. The associate stake sale to promoter group is a related-party transaction that streamlines the group structure.