Welspun Enterprises Limited announced its financial results for the second quarter and first half of FY27. The company recorded a consolidated revenue growth of 32% year-on-year in Q2 FY27, reaching INR1,035 crore. EBITDA saw a significant jump of 122% year-on-year to INR425 crore, with an EBITDA margin of 39.5%. The company also highlighted a consolidated order book of INR18,700 crore as of September 30, 2026.
Welspun Enterprises Q2 FY27 Financial Highlights
Welspun Enterprises Limited has released its financial results for the second quarter and first half of the fiscal year 2027. The company has demonstrated robust growth across key financial metrics. In the second quarter of FY27, consolidated revenue from operations stood at INR1,035 crore, marking a substantial 32% increase compared to the same period last year. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) surged by an impressive 122% year-on-year to INR425 crore. This resulted in a notable improvement in the EBITDA margin, which rose to 39.5% in Q2 FY27 from 23.9% in Q2 FY26. Profit Before Tax (PBT) grew by 179% year-on-year to INR351 crore, and Profit After Tax (PAT) increased by 201% year-on-year to INR296 crore.
First Half FY27 Performance
For the first half of FY27, the company reported consolidated revenue of INR1,808 crore, an 11% increase year-on-year. EBITDA for H1 FY27 was INR610 crore, up 53% year-on-year, with an EBITDA margin of 32.4%. PBT increased by 69% year-on-year to INR473 crore, and PAT grew by 77% year-on-year to INR352 crore. These half-year figures were bolstered by a gain of INR194 crore from the divestment of a 51% stake in the Mukarba Chowk Panipat Road Project, aligning with the company’s asset-light strategy.
Balance Sheet and Order Book
The balance sheet remains strong, with a net worth of INR3,581 crore as of September 30, 2026. Cash and cash equivalents stood at INR1,432 crore, with a net debt of INR450 crore. The company’s credit rating was upgraded to ‘AA stable’ by CRISIL. As of the reporting date, Welspun Enterprises’ consolidated order book stood at approximately INR18,700 crore, providing good visibility for future revenue. Looking ahead, the company anticipates strong performance in H2 FY27 and is working towards securing incremental orders worth INR8,000 crore to INR10,000 crore in the current financial year.
Key Project Developments
Significant developments were highlighted across the company’s business segments. In the Transportation business, the divestment of the Aunta-Simaria Road Project is progressing towards closure, expected in Q3 FY27 financials. The Varanasi-Aurangabad Road Project has been completed, and the Sattanathapuram-Nagapattinam Project is at 90% completion. For the Pune-Shirur Road Project, debt sanction has been secured, with financial closure and appointed date expected by Q4 FY27. The Water business segment is focused on large-scale urban infrastructure projects, with the Dharavi Wastewater Treatment facility on track for commissioning by July 2027, including a 15-year O&M contract. Digital transformation initiatives, including Project Saksham for supply chain management, are also being implemented to enhance operational efficiency.
Oil and Gas Division Update
An update was provided on the oil and gas division, following a Directorate General of Hydrocarbons (DGH) order approving the utilization of ONGC’s facilities by Adani Welspun Exploration Limited (AWEL) for gas evacuation and processing. This arrangement is expected to substantially reduce AWEL’s risk and capital investment, with early revenue visibility targeted in FY29.
Recognition and Awards
Welspun Enterprises received several accolades, including 3 awards for HSE excellence at IINA 2026 and the Circular Economy Leadership Award for its resource efficiency initiatives. The Aunta-Simaria Road Project also received awards for ‘Best Bridge Execution’ and ‘ICI Awards 2026’ for outstanding concrete structure.
Source: BSE
