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.
In the infrastructure space, WEL is focused on the road and water sectors. While the Company’s main focus is on Hybrid Annuity Model (HAM) projects as a developer, it also takes up value accretive projects in the BOT-Toll and EPC space.
Q3 FY26 Earnings Results
- Revenue from Operations: ₹787 cr for quarter ended Dec 2025.
- EBITDA/Operating Profit: ₹154 cr; Operating Margin: 20%, moderate profitability in infrastructure execution.
- PAT: ₹31 cr (Net Profit); EPS: ₹1.74.
- Other key metrics: Other income ₹24 cr; interest ₹15 cr; depreciation ₹3 cr. OPM and other cost trends reflect typical infrastructure project execution margins.
Management Commentary & Strategic Decisions
- Given the modest net profit and continued operating margin around 20%, leadership commentary to focus on execution discipline in project delivery, cost controls in infrastructure operations, and order book conversion.
Q2 FY26 Earnings Results
- Revenue from Operations: ₹896 cr (quarter ended Sep 2025), indicating sequential revenue growth into Q3.
- Operating Profit: ₹157 cr; Operating Margin: 18%.
- PAT: ₹77 cr; EPS: ₹5.16.
- Other key metrics: Other income ₹25 cr, interest ₹17 cr, depreciation ₹4 cr, reflecting similar cost structure quarter-on-quarter.
Management Commentary Q2
- Analysts generally noted that Welspun Enterprises exhibited margin resilience despite revenue pressures in some infrastructure segments, as suggested by operating margin near mid-teens in Q2.
- Commentary from financial analysts highlighted improved profitability dynamics and cost discipline as supportive of the profit outcome, even with uneven revenue trends.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.