Welspun Corp Limited Approves Strategic Acquisition of WCPGL Stake and Releases Quarter Results
Welspun Corp Limited has announced the approval of several key corporate activities, including the acquisition of an additional equity stake in Welspun Captive Power Generation Limited (WCPGL) and the release of its unaudited consolidated financial results for the quarter ended June 30, 2026. The company also detailed a new investment opportunity concerning the manufacturing sector.The Board of Directors approved the acquisition of an additional 51% equity stake in Welspun Captive Power Generation Limited (WCPGL). This acquisition is being undertaken from Welspun Living Limited (WLL), a promoter group company.
Key Details of WCPGL Acquisition
The transaction involves purchasing 1,50,64,213 equity shares of WCPGL, with each share having a face value of Rs. 10/-. The total consideration for this stake stands at Rs. 67.66 Crores.Upon the completion of this acquisition, Welspun Corp Limited’s aggregate equity shareholding in WCPGL is set to increase from the existing 23% to 74%. This move will result in WCPGL becoming a subsidiary of Welspun Corp Limited. The acquisition aligns with the company's objective to meet its power requirements.
New Investment Opportunity
In addition to the strategic acquisition, the Board meeting covered an investment opportunity for the incorporation of a new entity in India. This proposed venture is focused on manufacturing, processing, and dealing in Ground Granulated Blast Furnace Slag (GGBS). The listing entity will hold a 26% shareholding in this proposed company for a consideration of Rs. 26,000/- involving 2,600 equity shares of the proposed company at a cost of Rs. 10/- per share.Consolidated Financial Results Highlights (Q ended June 30, 2026)
The Group's operations are primarily focused on the manufacturing and distribution of steel products and plastic products. The results for the quarter ended June 30, 2026, reflect performance across both core segments.Key highlights from the Unaudited Consolidated Financial Results include:
- Total Income: The company reported a total income of Rs. 4,144.91 Crores during the quarter.
- Total Expenses: Total expenses were recorded at Rs. 3,558.54 Crores.
- Net Profit: Net profit for the period was determined at Rs. 1,047.88 Crores.
- Total Comprehensive Income: The consolidated figure stood at Rs. 1,911.27 Crores.
The following table provides a detailed view of the Consolidated Financial Results (in Rs. crores) for the quarter ended June 30, 2026:
| Particulars | Qtr Ended 30-Jun-26 (Unaudited) | Qtr Ended 31-Mar-26 (Audited) | Qtr Ended 30-Jun-25 (Unaudited) | Qtr Ended 31-Mar-26 (Audited) |
|---|---|---|---|---|
| Total Income | 4,144.91 | 4,348.17 | 3,586.52 | 16,905.39 |
| Total Expenses | 3,558.54 | 3,174.44 | 15,101.22 | 15,101.22 |
| Net Profit for the Period | 1,047.88 | 371.46 | 1,620.49 | 1,620.49 |
The company's paid up equity share capital stands at Rs. 131.90 Crores, divided into 26,37,90,645 equity shares of Rs. 5 each. The Group's total assets for the quarter amounted to Rs. 20,761.48 Crores.
WELCORP Stock Price Movement
Welspun Corp Limited's stock slipped today by 1.67%, settling in post-market trading at ₹1585.90 after shedding ₹26.90. The equity saw significant activity during the day, with a total traded volume of 678,544 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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