Welspun Corp said it has received an order from the Middle East to supply LSAW pipes and bends (bare and coated).

With the new order, the company’s cumulative value of the line pipe orders received in India and the US is pegged at ₹1,202 crore, since its last disclosure on May 30, it said.

The orders will be executed during FY25 and FY26, the company informed the stock exchanges.

On another note, last month, the company said its associate firm in Saudi Arabia signed multiple contracts with Aramco worth around ₹3,670 crore.

The duration of the contract between the East Pipes Integrated Company for Industry (EPIC) with the Saudi Arabian Oil company (Aramco) is 19 months.

After reporting its fourth quarter results in May, the company said that for the 2024-25 fiscal year, it expects revenue of ₹17,000 crore, which is 3.3% lower than the ₹17,582 crore revenue it reported in financial year 2024.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) is also likely to decline to ₹1,700 from ₹1,804 crore it reported in financial year 2024.

For the fourth quarter, its EBITDA margin dropped further into single digits to 7.4% from 10.3% it reported during the same period last year. For the December quarter, it had reported EBITDA margin of 9.7%.

Net profit appears to have a growth of 20% but that is due to lower finance costs, higher other income and lower tax.

After reporting its fourth quarter results in May, the company said that for the 2024-25 fiscal year, it expects revenue of ₹17,000 crore, which is 3.3% lower than the ₹17,582 crore revenue it reported in financial year 2024.

Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) is also likely to decline to ₹1,700 from ₹1,804 crore it reported in financial year 2024.

For the fourth quarter, its EBITDA margin dropped further into single digits to 7.4% from 10.3% it reported during the same period last year. For the December quarter, it had reported EBITDA margin of 9.7%. Net profit witnessed a growth of 20% due to lower finance costs, higher other income and lower tax.

Welspun Corp shares ended 3.8% higher at ₹669.4 apiece on Wednesday, July 24. The stock has gained 17.27% this year, so far.

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