Epic Research Update : Welspun Corp

Welspun Corp, which is the largest pipes maker in the country, had reported sales turnover of Rs 1,146.67 crore in the June quarter while its net profit dropped marginally to Rs 105 crore from Rs 109.5 crore a year ago.

Welspun Corp is currently in four businesses viz Line Pipes, Energy, Infrastructure & Steel and enjoys a global leadership position in the first two businesses. It may be recalled that Welspun Corp is already in advanced stages of demerging the parts of its business other than Line Pipes into Welspun Enterprises through a court process.

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