Welspun Corp L— Q2 & H1 FY27 Results & Announcements

DHARMESH BHATT (Research Analyst) SEBI Registration No. INH000009685 WELCORP 🌟 Key Highlights & Strategic Announcements 1. US Capacity Expansion in the USA (USD 115 Million Capex)Project: * Setting up an additional Spiral (HSAW) Pipe facility at Little Rock, Arkansas, USA. Capacity Augmentation: Adding 225 KMTPA to the existing HSAW capacity of 350 KMTPA. * Investment: Up to USD 115 million, funded entirely through internal accruals. Expected Operational Date: March 2028. * Strategic Objective: Capitalizing on a robust order book, strong regional demand, and long-term visibility for Oil & Gas pipeline projects in the US. 2. 🇯🇴 Middle East Partnership in Jordan (USD 125 Million Investment)Joint Venture: * Partnership with Perma-Pipe International Holdings, Inc. (Nasdaq: PPIH) to build spiral pipe manufacturing and advanced coating facilities in Jordan. *Investment: Total project capex of up to USD 125 million, funded on a 50:50 basis between WCL and Perma-Pipe. *Product Range: Manufacturing and coating pipes ranging from 24" to 120" in diameter. * Target Markets: Major water (e.g., Jordan National Water Carrier Project), oil & gas, energy, and infrastructure projects across Jordan, Syria, Lebanon, Iraq, Gaza, and Aqaba regional rerouting corridors. 🧱 Segment-Wise Revenue & Operating Performance *** 1. Steel ProductsQ2 FY27 Revenue: ₹4,462.47 Crores (vs ₹4,223.94 Crores in Q2 FY26). H1 FY27 Revenue: ₹8,368.53 Crores (vs ₹7,617.00 Crores in H1 FY26). Segment EBIT: ₹571.64 Crores for Q2 FY27. 2. Plastic & Other ProductsQ2 FY27 Revenue: ₹181.25 Crores (vs ₹149.67 Crores in Q2 FY26). H1 FY27 Revenue: ₹356.31 Crores (vs ₹308.10 Crores in H1 FY26). *Note: Q1 FY27 profit includes a gain of ₹547.93 Crores on the partial sale of shares in East Pipes Integrated Company for Industry (EPIC), Saudi Arabia Disclosure /Disclaimer Link: *****