Welspun Enterprises Limited (WEL) , formerly known as Welspun Projects Ltd., is a part of the USD 2.7 billion Welspun Group. The Company operates in the infrastructure space with investments in oil & gas. Presenting below are its Q1 FY26 earnings results.
Q1 FY26 Earnings Results
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Consolidated Revenue: ₹845 crores, down 9.1% YoY (Q1 FY25: ₹929.96 crores) but stable QoQ (Q4 FY25: ₹866.70 crores).
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Total Expenses: ₹717 crores, down 11.04% YoY.
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EBITDA: ₹182.18 crores, up 12% YoY (Q1 FY25: ₹162.99 crores); margin expanded to 21.6% (Q1 FY25: 17.5%).
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Operating Profit (EBIT): ₹154.75 crores, nearly flat YoY.
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Profit After Tax (PAT): ₹101.17 crores, down 8.18% YoY.
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Earnings Per Share (EPS): ₹6.56, down 7.34% YoY (Q1 FY25: ₹7.10), but up 32% QoQ (Q4 FY25: ₹5.00).
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Tax Expense: ₹40.09 crores, up 6.1% YoY.
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Segment Revenue (Q1 FY26): Transport ₹316 crores (down 43% YoY), Water ₹310 crores (up 38% YoY), Tunneling & Rehabilitation ₹218 crores (up 53% YoY).
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Standalone Revenue: ₹604 crores, down 19% YoY; Standalone PAT: ₹117 crores, down 2% YoY. Standalone EBITDA: ₹124 crores, margin 19.5% (up 29bps YoY).
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Net Worth: ₹2,811 crores; Net Debt: ₹378 crores as of Q1 FY26 (standalone net cash position: ₹988 crores).
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Order Pipeline: Strong visibility for new water and transport projects guiding optimism for H2 FY26 execution ramp-up.
Management Commentary & Strategic Highlights
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Management attributed top-line weakness to early monsoon, back-ended revenue guidance (major water project starts post-monsoon), and absence of a one-time claim that lifted Q1 FY25.
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Strong margin expansion is from better project mix and disciplined cost optimization, especially in water/tunneling segments.
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Guidance maintained for EBITDA margins in current range, with expectations of accelerated revenue and profit in H2 supported by robust client order outlook.
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Balance sheet remains resilient, supporting future growth, asset monetization (notably Aunta-Simaria project targeted for 2x return), and ongoing bid pipeline for infrastructure opportunities.
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Digital initiatives and capability-building efforts contributing to operational improvements and cost efficiencies.
Q4 FY25 Earnings Results
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Consolidated Revenue: ₹1,054 crores.
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Profit After Tax (PAT): ₹105 crores.
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EPS: ₹6.83.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.
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