Q3 2026 Welspun Corp Ltd Earnings Call Transcript
Key Points
- Welspun Corp Ltd (BOM:532144) achieved its highest ever quarterly EBITDA of INR 645 crores, marking consistent growth over the last eight quarters.
- The company maintains a consolidated global order book at a record high of INR 23,600 crores, providing long-term visibility across its operations.
- Welspun Corp Ltd (BOM:532144) is expanding its footprint in the Saudi market with new LSAW and DI pipe mills, positioning itself for import substitution.
- The US market remains bullish with significant demand for pipelines driven by LNG exports and data center developments, providing strong visibility for the next three to five years.
- The company is ranked fifth globally and second in India among steel companies in the DJSI Index, reflecting its strong sustainability strategy.
- The domestic Indian market has been tepid, particularly in the water sector, affecting volumes.
- There is a dependency on government spending for projects like the Jal Jeevan Mission, which has seen delays in fund allocation.
- Rising coking coal prices could impact margins if they remain elevated, although the company currently has forward coverage.
- The company faces competition in the US market, particularly in the HFIW and LSAW segments.
- There are ongoing antidumping investigations in Saudi Arabia, which could impact market dynamics and import strategies.
Ladies and gentlemen, good day, and welcome to Welspun Corp Limited Q3 FY26 earnings conference call. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Anirudh Nagpal. Thank you, and over to you, sir.
Thanks, operator, and welcome, everyone, to the call. I will first thank Welspun Corp for giving JM Financial the opportunity to host today's call.
So without much ado, I'll hand over the call to Mr. Goutam Chakraborty, Head, Investor Relations, Welspun Corp, to introduce the management. Over to you, Goutam.
Thank you, Anirudh, and good afternoon to all of you. Welcome, everyone, to Q3 and nine months FY26 earnings call of Welspun Corp Limited. On this forum today, we have Mr. Vipul Mathur, Managing Director and CEO; Mr. Percy Birdy, Chief Financial Officer; and Mr. Nilesh Mazumdar, CEO of Sintex.
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