Welspun Corp Q2 results: net profit rises 13.4% to Rs 498.56 crore
Welspun Corp said in an NSE filing that its consolidated Q2 FY27 net profit rose 13.4% to Rs 498.56 crore from a year earlier, while revenue from operations rose 6.2% to Rs 4,643.72 crore.
Key points
- Welspun Corp reported consolidated revenue from operations of Rs 4,643.72 crore for the quarter ended 30 September 2026, up 6.2% year on year.
- Net profit attributable to owners was Rs 498.56 crore, up 13.4% from a year earlier and down 52.4% from the previous quarter.
- The previous quarter's profit included a gain of Rs 547.93 crore on the sale of shares of an associate, East Pipes Integrated Company, the filing says.
Welspun Corp Limited said in a filing with the National Stock Exchange that its consolidated net profit for the quarter ended 30 September 2026 (Q2 FY27) rose 13.4% to Rs 498.56 crore from Rs 439.68 crore a year earlier. Revenue from operations rose 6.2% to Rs 4,643.72 crore. Net profit was 52.4% lower than in the previous quarter, which included a one-time gain.
What Happened
The company's board met on 29 October 2026 and approved the unaudited consolidated and standalone results for the quarter and half year ended 30 September 2026. The figures below are consolidated, in Rs crore, and net profit is the profit attributable to the owners of the company.
Revenue from operations was Rs 4,643.72 crore, against Rs 4,373.61 crore in the same quarter a year earlier (up 6.2%) and Rs 4,081.12 crore in the quarter ended 30 June 2026 (up 13.8%).
Net profit attributable to owners was Rs 498.56 crore, against Rs 439.68 crore a year earlier (up 13.4%) and Rs 1,046.49 crore in the previous quarter (down 52.4%). Basic earnings per share for the quarter were Rs 18.91. For the six months ended 30 September 2026, net profit attributable to owners was Rs 1,545.05 crore against Rs 790.10 crore a year earlier.
The results notes explain the previous quarter's figure. During the quarter ended 30 June 2026, a group company sold shares of East Pipes Integrated Company for Industry, an associate, for a consideration of Rs 723.55 crore, and the group accounted for a gain of Rs 547.93 crore on the sale.
The notes also say that during the quarter the company bought a further 51% stake in Welspun Captive Power Generation Limited from Welspun Living Limited, a promoter group company, for Rs 67.66 crore. The group's holding in that company rose from 22.90% to 73.90%, and it became a subsidiary.
What It Means
The filing shows quarterly profit higher than a year earlier and lower than the previous quarter. The note on the share sale shows the previous quarter's profit was raised by a gain of Rs 547.93 crore, which did not recur in this quarter.
The results are unaudited. The full statements, including the notes and the limited review report, are in the company's filing on the National Stock Exchange website. Complaints against listed companies can be lodged at https://scores.sebi.gov.in.
Source: Company filing on NSE
Sources & Citations
- Company filing on NSE — National Stock Exchange of India