Welspun Corp Limited has successfully incorporated its wholly-owned subsidiary in the United Arab Emirates, marking a significant step in expanding its global marketing operations. The company received the Certificate of Incorporation on February 25, 2026, from the Dubai Multi Commodities Centre (DMCC) authority.

Subsidiary Details and Structure

The newly incorporated entity, named Welspun International FZCO (WIFZCO), has been established in the Dubai Multi Commodities Centre Free Trade Zone. The subsidiary represents a strategic move to enhance the company's international presence and marketing capabilities.

Business Objectives and Operations

WIFZCO will serve as the global marketing hub for all Welspun products, focusing on international marketing and trading activities. The subsidiary is positioned to handle comprehensive trading operations involving products and raw materials that the parent company and its subsidiaries currently transact in.

The establishment follows the company's earlier disclosure dated October 30, 2025, regarding the planned incorporation of the wholly-owned subsidiary in the UAE Free Trade Zone. This strategic initiative aligns with Welspun Corp's expansion plans in international markets.

Regulatory Compliance and Structure

The incorporation has been completed in accordance with SEBI Listing Regulations under Regulation 30, ensuring full compliance with disclosure requirements. The subsidiary operates as a cash consideration-based entity, with no involvement from promoters, promoter groups, or other group companies in the new entity.

The establishment of WIFZCO represents Welspun Corp's commitment to strengthening its global market presence and enhancing its international trading capabilities through a dedicated subsidiary in one of the region's key business hubs.

Welspun Corp Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, showcasing strong operational performance across key business segments. The Board of Directors approved the results at their meeting held on January 30, 2026.

Financial Performance Highlights

The company delivered robust consolidated revenue growth during Q3FY26, with total income reaching Rs 4,562.04 crores compared to Rs 3,656.57 crores in Q3FY25. Revenue from operations specifically grew 25.4% year-on-year to Rs 4,532.48 crores.

Nine-Month Performance

For the nine months ended December 31, 2025, the company maintained strong momentum with total income of Rs 12,557.22 crores, representing growth from Rs 10,200.47 crores in the corresponding period of the previous year. Net profit for the nine-month period reached Rs 1,249.03 crores compared to Rs 1,203.09 crores in the previous year.

Segment-wise Performance

The steel products segment remained the primary revenue contributor, generating Rs 4,381.03 crores in Q3FY26 compared to Rs 3,464.07 crores in Q3FY25. The segment also delivered strong profitability with segment results of Rs 560.44 crores versus Rs 348.76 crores in the previous year.

Corporate Developments

During Q3FY26, Welspun Corp undertook several strategic initiatives to strengthen its business operations. The company allotted 1,83,750 equity shares of Rs 5 each upon exercise of Employee Stock Options, increasing the paid-up equity share capital from Rs 131.80 crores to Rs 131.90 crores.

The company also incorporated two new subsidiaries during the quarter - Welspun Global IFSC Limited in Gift City, Gujarat, and Welspun Global Holdings Limited in Dubai International Financial Centre, United Arab Emirates.

Financial Position and Ratios

Welspun Corp maintained a strong financial position with improved key ratios. The debt-equity ratio stood at 0.17 as of December 31, 2025, compared to 0.33 in the previous year. The current ratio remained stable at 1.32, while the operating EBITDA margin reached 15.77% for Q3FY26.

The company's networth increased to Rs 8,869.62 crores as of December 31, 2025, from Rs 6,870.19 crores in the previous year, reflecting the strong financial foundation and growth trajectory of the business.