Welspun Enterprises Ltd. announced its unaudited financial results for the second quarter and half year ended September 30, 2026. The company reported a 32% year-over-year increase in revenue for Q2 FY27 and a substantial 122% rise in EBITDA, driven by its business model of early profit recognition and asset monetization. For H1 FY27, revenue grew by 11% and EBITDA by 53%, with an EBITDA margin of 32.4%, surpassing guidance.
Strong Q2 Performance Highlights
Welspun Enterprises Limited (WEL) has announced robust financial results for the second quarter and half year ended September 30, 2026. The company showcased significant year-over-year growth, with Q2 FY27 revenue increasing by 32% and EBITDA soaring by 122%. This performance reflects the effectiveness of WEL’s business model, which recognizes profits early in construction phases and capitalizes on equity returns through monetization.
H1 FY27 Growth and Guidance Exceeded
For the first half of FY27 (H1 FY27), Welspun Enterprises reported an 11% year-over-year revenue growth, aligning with its stated guidance. The company’s EBITDA for H1 FY27 saw an impressive 53% increase, achieving an EBITDA margin of 32.4%, which is notably above the company’s guidance. This sustained growth underscores disciplined execution and a focused capital recycling strategy.
Key Financial Highlights (Consolidated)
For the Quarter ended September 30, 2026 (Q2 FY27) vs Q2 FY26:
- Revenue from Operations: ₹1,035 crore (up 32%)
- EBITDA: ₹425 crore (up 122%)
- EBITDA Margin: 39.5% (vs 23.9% in Q2 FY26)
- Profit After Tax (PAT): ₹296 crore (vs ₹98 crore in Q2 FY26)
For the Half Year ended September 30, 2026 (H1 FY27) vs H1 FY26:
- Revenue from Operations: ₹1,808 crore (up 11%)
- EBITDA: ₹610 crore (up 53%)
- EBITDA Margin: 32.4% (vs 23.9% in H1 FY26)
- Profit After Tax (PAT): ₹352 crore (vs ₹199 crore in H1 FY26)
Notably, the Q2 FY27 revenue and EBITDA margin include a gain of ₹194 crore from the divestment of a 51% stake in the Mukarba Chowk-Panipat project. Excluding this gain, the revenue for the quarter was ₹841 crore and EBITDA was ₹231 crore, with an EBITDA margin of 26.2%.
Strategic Developments
Welspun Enterprises also highlighted several strategic achievements, including the completion of the sale of a 51% stake in the Mukarba Chowk Panipat Road Project for a capital gain of ₹194 crore. Additionally, Welspun Michigan Engineers Limited secured pipeline rehabilitation orders worth ₹428 crore, and Adani Welspun Exploration Limited received an order for gas evacuation and processing facilities.
Financial Position Strengthening
The company’s balance sheet has been further strengthened, with cash and cash equivalents standing at ₹1,432 crore and a net worth of ₹3,581 crore as of September 30, 2026. CRISIL has upgraded WEL’s long-term credit rating from ‘AA-‘ to ‘AA’ with a ‘Stable’ outlook, reflecting disciplined financial management and a resilient business model.
Source: BSE
