Welspun Corp Q1 net profit jumps to Rs 1,048 cr; acquires 51% in WCPGL
WELCORP · price
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On the reaction day the stock moved 1.0 pts less than Nifty Smallcap 250 and 1.2 pts less than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Welspun Corp Q1 FY26 consolidated revenue rose to Rs 4,081 cr from Rs 3,551 cr. Net profit jumped to Rs 1,048 cr from Rs 349 cr, boosted by Rs 548 cr one-time gain from sale of EPIC shares in Saudi Arabia. EBITDA margin expanded to 19.7% from 16.2%. Standalone revenue fell to Rs 1,567 cr. Board approved Rs 67.66 cr acquisition of additional 51% in Welspun Captive Power Generation from promoter group, making it a subsidiary. Also invested in a new GGBS unit.
Strong PAT driven by one-time EPIC share sale gain. Subsidiary acquisition is a related-party deal, giving full control of captive power. Watch core margins.