Welspun Enterprises Limited announced robust financial results for the second quarter and first half of FY27. Revenue from operations saw a significant increase of 32% YoY for Q2 FY27, reaching ₹1,035 crore, while EBITDA grew by an impressive 122% YoY to ₹425 crore. The company also highlighted an improved credit rating from CRISIL to ‘AA’ with a ‘Stable’ outlook, underscoring its strong financial management and resilient business model.
Welspun Enterprises Delivers Strong Q2 FY27 Performance
Welspun Enterprises Limited has announced its financial results for the second quarter (Q2 FY27) and the first half (H1 FY27) of the fiscal year, showcasing substantial growth and a strengthened financial position. The company reported a notable 32% Year-on-Year (YoY) increase in revenue from operations for Q2 FY27, amounting to ₹1,035 crore, compared to ₹784 crore in Q2 FY26. This performance reflects the company’s effective business model which recognizes profits during the construction phase and leverages equity returns through monetization.
EBITDA and Profitability Surge
The company’s EBITDA for Q2 FY27 witnessed a remarkable surge of 122% YoY, reaching ₹425 crore, up from ₹192 crore in the corresponding quarter of the previous year. The EBITDA margin for the quarter stood strong at 39.5%. For the first half of FY27 (H1 FY27), revenue from operations grew by 11% YoY to ₹1,808 crore, with EBITDA rising by 53% YoY to ₹610 crore and an improved EBITDA margin of 32.4%.
Strengthening Balance Sheet and Credit Rating
The strong performance has further bolstered the company’s Balance Sheet. As of September 30, 2026, Welspun Enterprises reported cash and cash equivalents of ₹1,432 crore and a net worth of ₹3,581 crore. In a significant endorsement of its financial health, CRISIL upgraded the company’s long-term credit rating from ‘AA-‘ to ‘AA’ with a ‘Stable’ outlook. This upgrade highlights the company’s disciplined financial management, a stronger credit profile, and a resilient business model.
Diversified Order Book and Strategic Developments
Welspun Enterprises maintains a robust order book of ₹18,708 crore across its core segments, complemented by a healthy pipeline of future opportunities. This diversified order book provides strong growth visibility. In a strategic development, the Directorate General of Hydrocarbons (DGH) has approved the utilization of ONGC’s existing facilities by AWEL for gas evacuation and processing, which is expected to significantly reduce AWEL’s risk and capital investment, accelerating gas production timelines.
Standalone Financials Highlight Growth
On a standalone basis, revenue from operations for Q2 FY27 increased by 53% YoY to ₹909 crore. EBITDA saw a substantial jump of 240% YoY to ₹395 crore, with the EBITDA margin expanding to 41.4%. For H1 FY27, standalone revenue grew by 21% YoY to ₹1,453 crore, and EBITDA increased by 106% YoY to ₹494 crore, with an EBITDA margin of 32.2%.
Balance Sheet Strength Comparison
The Balance Sheet strength as of September 30, 2026, shows a Net Worth of ₹3,581 crore on a consolidated basis and ₹3,481 crore on a standalone basis. Consolidated Gross Debt stood at ₹1,882 crore, with Net Debt to Cash ratio at 450.
WMEL Performance and Order Book
Welspun Michigan Engineers Ltd (WMEL), a subsidiary, reported a revenue of ₹139 crore in Q2 FY27 and ₹318 crore in H1 FY27. WMEL’s order book was approximately ₹2,279 crore as of September 30, 2026, with the tunneling segment constituting 53% of this value.
Sustainability Initiatives
The company continues to focus on sustainability, with improvements in its ESG Risk Rating and CRISIL ESG Score. Key initiatives include carbon reduction efforts, water conservation, and circularity deployment through waste recycling and reuse.
Awards and Recognition
Welspun Enterprises and its subsidiaries have received several accolades, including the RAHSTA Awards 2026 for Best Bridge Execution for the Aunta-Simaria Ganga Bridge Project and multiple awards at IINA 2026, recognizing excellence in wastewater treatment and tunneling projects. The company also received The Green Awards 2026 for Circular Economy Leadership.
Source: BSE
