Welspun Corp Limited

rs,

WCL/SEC/2026 To, BSE Ltd. Listing Department, P. J. Towers, Dalal Street, Mumbai – 400 001. (Scrip Code: Equity - 532144), (NCD – 973309) Dear Sirs/ Madam,

Rs 2,371 crore

inancial results for the quarter ended March 31st, 2026. Key Highlights:  FY26 EBITDA stood at Rs 2,371 crore, against guidance of Rs 2,200 crore. EBITDA margin at 14%. ROCE at 22%.  Net cash position str

Rs 2,200 crore

ed March 31st, 2026. Key Highlights:  FY26 EBITDA stood at Rs 2,371 crore, against guidance of Rs 2,200 crore. EBITDA margin at 14%. ROCE at 22%.  Net cash position strengthened to to Rs 1,627 crore despi

14%

ghts:  FY26 EBITDA stood at Rs 2,371 crore, against guidance of Rs 2,200 crore. EBITDA margin at 14%. ROCE at 22%.  Net cash position strengthened to to Rs 1,627 crore despite capex investment of

22%

EBITDA stood at Rs 2,371 crore, against guidance of Rs 2,200 crore. EBITDA margin at 14%. ROCE at 22%.  Net cash position strengthened to to Rs 1,627 crore despite capex investment of Rs 2,532 crore

Rs 1,627 crore

ce of Rs 2,200 crore. EBITDA margin at 14%. ROCE at 22%.  Net cash position strengthened to to Rs 1,627 crore despite capex investment of Rs 2,532 crore. Net working capital remained negative, supported by a

Rs 2,532 crore

ROCE at 22%.  Net cash position strengthened to to Rs 1,627 crore despite capex investment of Rs 2,532 crore. Net working capital remained negative, supported by advances received from customers.  Operat

Rs 3,204 crore

eived from customers.  Operating Cash Flow (OCF) and Free Cash Flow (FCF) generation improved to Rs 3,204 crore and Rs 672 crore respectively for FY26.  Maintained all-time high order book of ~Rs 25,350 cro

Rs 672 crore

s.  Operating Cash Flow (OCF) and Free Cash Flow (FCF) generation improved to Rs 3,204 crore and Rs 672 crore respectively for FY26.  Maintained all-time high order book of ~Rs 25,350 crore, including lin

Rs 25,350 crore

s 3,204 crore and Rs 672 crore respectively for FY26.  Maintained all-time high order book of ~Rs 25,350 crore, including line pipes (India & USA), ductile iron pipes, and stainless steel bars & pipes. USA sp

28%

SA spiral mill booked through FY28  Q4 & full year FY26 PAT after exceptional items increased by 28% and 42% y-o-y to Rs 370 crore and Rs 1,613 crore respectively.  FY27 guidance; Revenue at Rs.

42%

l mill booked through FY28  Q4 & full year FY26 PAT after exceptional items increased by 28% and 42% y-o-y to Rs 370 crore and Rs 1,613 crore respectively.  FY27 guidance; Revenue at Rs. 20,000 c

“Yours faithfully, For Welspun Corp Limited Kamal Rathi Company Secretary ACS-18182 Encl: as above Welspun Corp Ltd Delivers Strong Q4 & FY26 Performance Surpassed Full Year Guidance | Robust Order Book | Healthy Balance Sheet May 21, 2026, Mumbai: Welspun Corp Ltd (WCL), the flagship company of Welspun World, announced its consolidated financial results for the quarter ended March 31st, 2026.”

“ FY26 EBITDA stood at Rs 2,371 crore, against guidance of Rs 2,200 crore.”

“ Operating Cash Flow (OCF) and Free Cash Flow (FCF) generation improved to Rs 3,204 crore and Rs 672 crore respectively for FY26.”

“USA spiral mill booked through FY28  Q4 & full year FY26 PAT after exceptional items increased by 28% and 42% y-o-y to Rs 370 crore and Rs 1,613 crore respectively.”

“ Welspun Specialty Solutions Ltd (WSSL) reported 52% y-o-y EBITDA growth for FY26, with continued focus on value over volume, niche products catering to critical applications.”

“Consolidated Financial Performance: Q4 & FY26 **PAT: Q4FY25 includes INR 477 Cr of one time proceeds from stake sale of Nauyaan Shipyard FY25 also includes INR 378 Cr of one time proceed from sale of EPIC stake and INR 11 Cr write down impact of 100% equity divestment in Sintex Logistics LLC, USA during Q3FY25 Speaking about the results, Mr.”

“said, “We delivered a strong operational and financial performance for the year, comfortably surpassing our full year EBITDA guidance, while maintaining a healthy balance sheet and improved cash generation.”

“These statements can be recognized by the use of words such as “expects,” “plans,” “will,” “estimates,” “forecast,” “project,” “anticipate,” “likely,” “target,” “expect,” “intend,” “continue,” “seek,” “believe,” “plan,” “goal,” “could,” “should,” “would,” “may,” “might,” “will,” “strategy,” “synergies,” “opportunities,” “trends,” “future,” “potentially,” “outlook” or words of similar meaning.”

“ Vision 2030: 30,000+ km of new water & sewage networks planned by 2030  Favorable demand dynamics, local capacity constraints, and import substitution create strong opportunities  Reconstruction in the Middle East will also see a huge export potential from KSA  The MENA market is projected to grow to SAR 4.1 bn by 2034, with a CAGR of 5.5%.”

“Saudi Arabia's market is expected to reach SAR 1.9 bn by 2034, growing at a CAGR of 6.7% Our greenfield DI Plant in KSA to be commissioned in FY27 13 of 19 BUSINESS ENVIRONMENT SS BARS AND PIPES & TUBES  Global markets on the back of geo political scenario continued slowness with tepid demand ever since US Tariff actions leading to caution and volatility.”

Ref.

1

Key Highlights

1

Business Environment

1

About Welspun Corp Ltd

1

Products

1

ROCE

1

India

1

KSA

1

Connect with us

1

Ref.

a. Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 (“Listing Regulations”) b. ISIN: INE191B01025 Please find enclosed the Press Release and Investors’ Presentation on the audited financial results of the Company for the quarter and year ended March 31, 2026 which is being released to the media and also posted on Company’s website www.welspuncorp.com Kindly take the same on record. Thanking you. Yours faithfully, For Welspun Corp Limited Kamal Rathi Company Secretary ACS-18182 Encl: as above Welspun Corp Ltd Delivers Strong Q4 & FY26 Performance Surpassed Full Year Guidance | Robust Order Book | Healthy Balance Sheet May 21, 2026, Mumbai: Welspun Corp Ltd (WCL), the flagship company of Welspun World, announced its consolidated financial results for the quarter ended March 31st, 2026.

Key Highlights

 FY26 EBITDA stood at Rs 2,371 crore, against guidance of Rs 2,200 crore. EBITDA margin at 14%. ROCE at 22%.  Net cash position strengthened to to Rs 1,627 crore despite capex investment of Rs 2,532 crore. Net working capital remained negative, supported by advances received from customers.  Operating Cash Flow (OCF) and Free Cash Flow (FCF) generation improved to Rs 3,204 crore and Rs 672 crore respectively for FY26.  Maintained all-time high order book of ~Rs 25,350 crore, including line pipes (India & USA), ductile iron pipes, and stainless steel bars & pipes. USA spiral mill booked through FY28  Q4 & full year FY26 PAT after exceptional items increased by 28% and 42% y-o-y to Rs 370 crore and Rs 1,613 crore respectively.  FY27 guidance; Revenue at Rs. 20,000 crore and EBITDA at Rs, 2,850 crore.  The Board has recommended dividend of Rs 5/- per equity share (100%) of the face value of Rs 5/- each  Higher oil prices and renewed focus on energy security to further support new

Business Environment

 USA: Strong multi-year demand visibility, driven by rising LNG demand, increasing power requirements linked to AI data centres, and resurgence of oil pipeline infrastructure.  KSA: Significant investments across onshore and offshore fields, spending in Hydrogen & CCUS ventures reconstruction in Middle-East, and continued thrust on water infrastructure projects to support pipeline demand.  India: Export prospects remains strong, while the Government’s focus on PNG, LPG pipelines, along with Samudra Manthan initiative, is expected to drive demand for O&G pipelines. Irrigation and river interlinking projects continue to be the key demand drivers for water pipelines.  Associate company in KSA, East Pipes Integrated Company for Industry delivered a landmark performance during the year, achieving it’s highest-ever profitability and margin performance, supported by higher volumes, disciplined execution, product mix, and capacity utilisation.  Welspun Specialty Solutions Ltd (WSSL) repor

About Welspun Corp Ltd

Welspun Corp Limited (WCL) is the flagship company of Welspun World, one of India’s fastest growing multinational groups. WCL has a diversified portfolio spanning Line Pipes, Ductile Iron (DI) Pipes, Stainless Steel Bars, Pipes & Tubes, and TMT Rebars. The company also houses Sintex, India’s most trusted brand in water storage tanks and advanced plastic piping solutions, including OPVC. WCL serves customers across six continents and more than fifty countries, supported by world class manufacturing facilities in India, the United States of America, and the Kingdom of Saudi Arabia. With a strong focus on responsible and sustainable growth, WCL is ranked 5th globally and 2nd in India among steel companies in the S&P Global Corporate Sustainability Assessment (CSA) for the Dow Jones Sustainability Index (DJSI). This recognition reflects WCL’s commitment to delivering critical infrastructure solutions that strengthen energy security, water accessibility, and sustainable development worldwid

Products

LSAW Spiral ERW DUCTILE IRON PIPES Significant player in India, and launching in KSA Pipes up to DN 2600 (very few plants in the world) SINTEX WSSL National iconic brand with pan-India presence • Water Storage Tanks • Plastic Pipes Only Integrated producer in India from Stainless Steel-making to finished products WSSL: Welspun Specialty Solutions Limited 4 of 19 SALES VOLUME: Q4 & FY26 Products (KMT) Q4FY26 Q4FY25 YoY FY26 FY25 YoY Line Pipes (India + USA) 255 245 4% 954 851 12% DI Pipes 105 76 38% 342 272 26% Stainless Steel Bars Stainless Steel Pipes 6.6 1.1 5.2 28% 27.2 18.9 44% 1.3 -17% 5.2 4.8 9% TMT Rebars 60 51 17% 185 211 -12% Line Pipes figures are excluding EPIC, KSA 5 of 19 FINANCIAL PERFORMANCE Q4 & FY26 PARTICULARS (INR crore) Q4FY26 Q4FY25 Revenue from Operations 4,313 3,925 Other income EBITDA Depreciation and Amortisation Finance Cost Profit before tax and share of JVs Share of profit/(loss) from Associates and JVs Exceptional Items PAT after Exceptional Items EPS PAT w

ROCE

> 20% Net Debt/ EBITDA: < 1 Global Consolidated Order Book Value stands at ~INR 25,350 Cr 11 of 19 BUSINESS ENVIRONMENT  Higher Oil prices expected to attract new investments in global line pipe projects LINE PIPES  Geo political conflicts have clearly reassured all countries to push for their energy security and thereby boosting demand scenario for line pipes USA: strong multi year visibility – driven by LNG demand, power demand for AI Data centres & resurgence of oil pipelines Middle East: Consistent focus on increase in Oil output and development of large gas fields; Renewed opportunity in cross country O&G pipelines KSA (O&G): Vision 2030 aims at significant investments in onshore as well as offshore field developments and significant spending in Hydrogen and CCUS ventures  Multiple evacuation across ports both on East & West Coast would drive demand; Reconstruction in Middle East to boost exports KSA (Water): Significant investment in water infrastructure in KSA to drive demand