Welspun Corp jumped 4% to a day high of ₹1,663 on Monday after the company bagged a fresh ₹960 crore export pipe order from the US.

The order is for coated line pipes and will be supplied from Welspun’s manufacturing plant in Little Rock, Arkansas. It’s scheduled for execution across FY27 and FY28.

With this win, the company’s total consolidated order book now stands at a record ₹25,750 crore, roughly $2.7 billion.

Welspun called it the strongest backlog in its history, and said it points to strong capacity utilisation across both its India and US plants over the next couple of years.

There’s more behind today’s move than just the new order, though. The stock is also reacting to Welspun’s June quarter results, which came out after market hours on Friday.

Revenue rose nearly 15% to around ₹4,081 crore, and EBITDA jumped 35% to ₹756 crore, its highest ever for a quarter. The operating margin expanded sharply to nearly 20%, up from around 16% a year earlier.

Net profit came in at ₹1,047.9 crore, roughly three times higher than the ₹349.2 crore reported in the same quarter last year.

Part of that jump came from a one-off gain of around ₹548 crore on the sale of shares in an associate company, so it’s worth keeping that in mind when comparing the numbers.

This isn’t the first big US order for Welspun this year either. Back in March, the company had already added a ₹1,000 crore order from the same market, taking its order book to ₹24,700 crore at the time. Monday’s win pushes that number even higher.

As of 10:25 am on BSE, Welspun Corp shares were trading at ₹1,627.50, up 1.91% for the day.

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