Also trades as: WELCORP.BO (BSE) · $vol 2M

₹2,499.10 ($25.96)

-106.70 (-4.09%)

NSE · Basic Materials · Steel · Tech Score Buy · Power 56 · ₹680.4B mcap · 116M float · 1.46% daily turnover

Revenue

$167.7B +25.9% ▲

5Y CAGR: +19.1%

Gross Profit

$49.1B +23.9% ▲

5Y CAGR: +34.9%

Operating Income

$18.8B +40.9% ▲

5Y CAGR: +36.7%

Net Income

$16.1B -15.5% ▼

5Y CAGR: +16.0%

EPS (Diluted)

$61.20 -15.5% ▼

5Y CAGR: +15.8%

EBITDA

$27.1B -7.2% ▼

5Y CAGR: +16.0%

View Full Income Statement

Line Item	FY2022	FY2023	FY2024	FY2025	FY2026
Revenue	$65.1B	$97.0B	$173.4B	$139.8B	$167.7B
YoY Growth	-7.0%	+49.2%	+78.7%	-19.4%	+25.9%
Cost of Revenue	$57.3B	$87.7B	$121.8B	$102.2B	$118.6B
Gross Profit	$7.4B	$9.3B	$51.6B	$37.5B	$49.1B
Gross Margin	11.4%	9.6%	29.8%	26.9%	29.3%
R&D Expenses	$0	$35M	$46M	$15M	$0
SG&A Expenses	$1.1B	$1.8B	$2.6B	$24.4B	$30.3B
Operating Expenses	$5.2B	$6.8B	$10.0B	$24.4B	$30.3B
Operating Income	$13.2B	$2.5B	$41.7B	$11.3B	$18.8B
Operating Margin	20.3%	2.6%	24.0%	8.1%	11.2%
Interest Expense	$1.0B	$2.4B	$3.0B	$3.2B	$2.1B
Income Before Tax	$6.6B	$3.3B	$14.1B	$22.6B	$21.5B
Tax Expense	$2.2B	$1.3B	$2.8B	$3.6B	$5.3B
Net Income	$4.4B	$2.1B	$11.1B	$19.1B	$16.1B
Net Margin	6.7%	2.1%	6.4%	13.7%	9.6%
EPS (Diluted)	$16.77	$7.89	$42.32	$72.40	$61.20
EBITDA	$10.2B	$8.0B	$20.6B	$23.2B	$27.1B
Shares Outstanding	262M	262M	262M	264M	264M

Line Item	FY2025 Q1	FY2025 Q2	FY2025 Q3	FY2025 Q4	FY2026 Q1	FY2026 Q2	FY2026 Q3	FY2026 Q4
Revenue	$31.4B	$33.0B	$36.1B	$32.7B	$35.5B	$43.7B	$45.3B	$43.1B
Cost of Revenue	$23.0B	$20.6B	$23.2B	$29.8B	$20.3B	$31.0B	$28.5B	$30.9B
Gross Profit	$8.4B	$12.4B	$12.9B	$2.8B	$15.2B	$12.8B	$16.8B	$12.2B
Gross Margin	26.7%	37.7%	35.8%	8.7%	42.8%	29.2%	37.2%	28.3%
R&D Expenses	$0	$0	$0	$0	$0	$0	$0	$0
SG&A Expenses	$5.5B	$0	$0	$3.4B	$2.9B	$7.7B	$7.4B	$8.1B
Operating Expenses	$5.5B	$9.3B	$9.5B	-$1.1B	$10.8B	$7.7B	$11.6B	$8.1B
Operating Income	$2.9B	$3.1B	$3.4B	$3.9B	$4.4B	$5.1B	$5.2B	$4.1B
Operating Margin	9.2%	9.4%	9.5%	12.0%	12.4%	11.6%	11.5%	9.5%
Interest Expense	$664M	$835M	$823M	$875M	$632M	$494M	$507M	$490M
Income Before Tax	$3.1B	$3.5B	$7.5B	$8.6B	$4.6B	$5.9B	$5.9B	$5.0B
Tax Expense	$573M	$691M	$772M	$1.6B	$1.1B	$1.4B	$1.4B	$1.3B
Net Income	$2.5B	$2.9B	$6.7B	$7.0B	$3.5B	$4.4B	$4.5B	$3.7B
Net Margin	7.9%	8.7%	18.7%	21.4%	9.9%	10.1%	10.0%	8.6%
EPS (Diluted)	$9.46	$10.94	$25.60	$26.50	$13.29	$16.68	$17.16	$14.04
EBITDA	$3.7B	$5.2B	$9.2B	$10.2B	$6.1B	$6.3B	$7.4B	$6.5B
Shares Outstanding	262M	262M	264M	264M	264M	264M	264M	264M

WELCORP.NS NSE