Q1 2025 Welspun Corp Ltd Earnings Call Transcript
Key Points
- Welspun Corp Ltd (BOM:532144) reported an 8% increase in total pipe volume, reaching 229,000 metric tonnes.
- The company's DI pipe order book remains strong at over 300,000 tonnes, providing clear visibility for the next three quarters.
- Stainless steel volumes rose by 57% year-on-year to 4,700 tonnes.
- EBITDA margins improved due to a better product mix of export orders and contributions from new businesses.
- Welspun Corp Ltd (BOM:532144) achieved a consolidated PAT increase of 50% year-on-year, amounting to INR248 crores.
- The pipe volume saw a slight dip despite the overall increase in total pipe volume.
- There are concerns about potential delays in the US market due to the cyclical nature of project approvals and bidding processes.
- The DI pipe segment, while currently profitable, may see margins normalize to around 13%-15% in the coming years.
- The company faces challenges in integrating and ramping up production for its new acquisitions, such as Weetek Plastics Private Limited.
- There is a need for significant foundational work and market penetration for Sintex BAPL to establish itself as a challenger brand in the plastic pipes market.
Ladies and gentlemen, good day, and welcome to Welspun Corporation Limited Conference Call hosted by JM Financial. (Operator Instructions)
Please note that this conference is being recorded. I now hand the conference over to Mr. Ashutosh. Thank you, and over to you, sir.
And welcome, everyone, to the call. I'll first thank Welspun Corp for giving JM Financial the opportunity to host today's call. Without much ado, I'll hand over the call to Mr. Salil Bawa, Group Head, Investor Relations, to introduce the management. Over to you, Salil. Salil?
Thank you, Ashutosh, and good morning to all of you. I welcome all of you to the Q1 FY25 Earnings Call of Welspun Corp. Present along with me today on this forum are Mr. Vipul Mathur, our Managing Director and CEO; Mr. Percy Birdy, Chief Financial Officer of Welspun Corp; Ashish Prasad, CEO of Sintex BAPL; and Goutam Chakraborty, Head, Investor Relations for
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