Welspun Enterprises Limited announced its unaudited financial results for the quarter and half-year ended September 30, 2026. The company reported a consolidated revenue from operations of ₹1,035 crore for Q2 FY27, a 32% increase year-on-year. EBITDA surged by 122% to ₹425 crore, with an improved EBITDA margin of 39.5%. The half-yearly performance also showed robust growth, with revenue up 11% to ₹1,808 crore and EBITDA up 53% to ₹610 crore. The company also highlighted strategic achievements, including the sale of a 51% stake in the Mukarba Chowk Panipat Road Project, securing new orders for pipeline rehabilitation, and receiving approval for gas evacuation facilities.
Welspun Enterprises Reports Strong Financial Performance for Q2 and H1 FY27
Welspun Enterprises Limited (WEL) has announced robust unaudited consolidated financial results for the quarter and half-year ended September 30, 2026. The company showcased significant year-on-year growth in both revenue and profitability.
Key Financial Highlights (Consolidated)
Quarter Ended September 30, 2026 (Q2 FY27)
- Revenue from Operations: ₹1,035 crore (up 32% YoY)
- Total Income: ₹1,076 crore (up 34% YoY)
- EBITDA: ₹425 crore (up 122% YoY)
- EBITDA Margin: 39.5% (up 1,564 bps YoY)
- PAT: ₹296 crore (up 201% YoY)
- PAT Margin: 27.5% (up 1,527 bps YoY)
Half Year Ended September 30, 2026 (H1 FY27)
- Revenue from Operations: ₹1,808 crore (up 11% YoY)
- Total Income: ₹1,884 crore (up 13% YoY)
- EBITDA: ₹610 crore (up 53% YoY)
- EBITDA Margin: 32.4% (up 852 bps YoY)
- PAT: ₹352 crore (up 77% YoY)
- PAT Margin: 18.7% (up 678 bps YoY)
The strong performance is attributed to the company’s business model, which recognizes profits early in the construction phase and subsequently through equity returns from monetization. The H1 FY27 revenue growth aligns with the stated guidance, driven by disciplined execution and a focused capital recycling strategy.
Strategic Achievements and Developments
- Mukarba Chowk Panipat Road Project (MCP): Completed the sale of a 51% stake, realizing a capital gain of ₹194 crore. Excluding this gain, the Q2 FY27 revenue was ₹841 crore and EBITDA was ₹231 crore, with an EBITDA margin of 26.2%.
- Welspun Michigan Engineers Limited (WMEL): Secured orders worth ₹428 crore for pipeline rehabilitation, strengthening its urban infrastructure portfolio.
- Adani Welspun Exploration Limited (AWEL): Received approval from the Directorate General of Hydrocarbons (DGH) to utilize ONGC’s existing facilities for gas evacuation and processing from its Mumbai block on a toll basis. This development is expected to significantly reduce AWEL’s risk and capital investment, accelerating first gas production.
Strengthened Balance Sheet and Credit Rating
The company’s Balance Sheet has been further strengthened with cash and cash equivalents of ₹1,432 crore and a net worth of ₹3,581 crore as of September 30, 2026. CRISIL has upgraded Welspun’s long-term credit rating from ‘AA-‘ to ‘AA’ with a ‘Stable’ outlook, reflecting its disciplined financial management and resilient business model.
With a diversified order book of ₹18,708 crore and a healthy pipeline of opportunities, Welspun Enterprises remains confident in achieving its medium-term growth and profitability guidance.
Source: BSE
