**Welspun Corp Reports Significant Profit Surge in December Quarter**
New Delhi, Feb 5 (PTI) – Welspun Corp Ltd announced a remarkable increase in its consolidated net profit, which soared over two-fold to ₹672.19 crore for the December quarter, driven by reduced expenses. In comparison, the company recorded a net profit of ₹293.70 crore during the same period in the previous fiscal year, as stated in an exchange filing.
Despite the profit increase, Welspun Corp’s total income declined to ₹3,656.57 crore in the latest quarter, down from ₹4,758.17 crore a year earlier. The company successfully lowered its expenses to ₹3,351.36 crore, compared to ₹4,438.79 crore in the previous year.
As of December, Welspun Corp’s order book reached the ₹15,000 crore milestone. The company anticipates a rise in demand for ductile iron (DI) pipes, particularly following the Union Budget’s announcement to boost the Jal Jeevan Mission’s allocation to ₹67,000 crore, with the initiative extended until 2028.
In the United States, market visibility has improved significantly due to the new administration’s strong emphasis on deregulating the Oil & Gas sector. Welspun Corp is also on track to complete its ₹840 crore high-frequency induction welding (HFIW) pipe manufacturing facility in the US by March 2026.
In Saudi Arabia, the establishment of a DI pipes and LSAW plant, with an investment of ₹1,660 crore, is expected to be finalized by April next year. The company sees potential for line pipes in Saudi Arabia, citing an anticipated population increase and ongoing infrastructure development that will enhance the need for water transportation and distribution.
Welspun Corp stands as one of the largest manufacturers of large-diameter pipes globally, boasting a presence across six continents and 50 countries.
