The call ran from 11:31 AM to 12:19 PM IST (48 min).
Key takeaways
Q2 consolidated revenue of ₹1,035 Cr (+32%) and PAT of ₹296 Cr rest on a one-time ₹194 Cr Panipat stake-sale gain. Underlying growth is modest.
| EBITDA Margin: guided vs achieved | 32.40% achieved Guided 18.00%; confirmed by management |
|---|---|
| Management target | Revenue FY27 |
| Revenue growth | Q2 +32% YoY, flattered by ₹194 Cr one-time gain; H1 +11%. |
|---|---|
| Margins | Reported H1 EBITDA margin 32.4% vs 23.9%, boosted by one-time gain. |
| Order book | Consolidated ₹18,700 Cr; WMEL ₹2,279 Cr, about three years' revenue. |
| Demand visibility | Order book ₹18,700 Cr; water-led inflows expected; WMEL orders ₹450 Cr. |
| Management confidence | Optimistic, but evasive on ONGC gas economics and WMEL recovery. |
Growth
Q2 +32% includes the ₹194 Cr gain; excluding it, revenue is about ₹841 Cr, roughly +7% YoY. H1 revenue +11%.
Outlook
Guides 10-20% revenue growth FY27; H1 is ~40% of revenue. Order book ₹18,700 Cr; targets ₹8,000-10,000 Cr FY27 inflows.
Risks
WMEL Q2 revenue of ₹139 Cr fell on order-release timing; H2 recovery unproven. BMC curbs stalled Bandu water plant execution.
Last quarter's promises, checked
Delivered
- EBITDA margin guided 18%+ → Q1 22.9% (= BEAT)
- Dharavi-Ghatkopar approvals by end-June → received, HC clearance 22 Jun (= BEAT)
Partly delivered
- Aunta-Simaria close Q2 FY27, ~₹1,000 Cr EV → completion not reported (= PARTIAL)
- FY27 order inflows ₹8,000–10,000 Cr → Q2 inflow not disclosed (= PARTIAL)
- Pune-Shirur AD Q3 FY27, ~₹500 Cr FY27 revenue → ₹6,334 Cr sanctioned, AD not reported (= PARTIAL)
Missed
- FY27 growth 15–20% → H1 +11%, Q2 ex-gain ~+7%, range cut to 10–20% (= MISS)
- ~₹800 Cr debt cut from Aunta-Simaria → net debt ₹109 Cr to ₹450 Cr (= MISS)
- WMEL H2 acceleration → Q2 revenue ₹139 Cr vs Q1 ₹179 Cr (= MISS)
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
Welspun Enterprises Q2 FY27 Results: Net Profit ₹295.6 Cr, Up 201.3% YoY
Welspun Enterprises Ltd reported revenue from operations of ₹1,035 Cr (+32.0% YoY) and net profit of ₹295.6 Cr (+201.3% YoY) for Q2 FY27.
- Key figure
- Net profit ₹295.6 Cr · +201.3% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Order book stands at ₹18,700 Cr; management targets 15-20% annual growth with major execution pickup in H2 FY27.
Growth they described
Revenue fell to ₹774 Cr due to Mumbai construction stoppages and supply chain issues; EBITDA margin stayed resilient at 22.9%.
Call details
| Company | Welspun Enterprises Limited |
|---|---|
| NSE symbol | WELENT |
| ISIN | INE625G01013 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 6 November 2026 |
| Time | 11:30 AM IST |
| Length | 48 min |
| Audio | Our stream on YouTube ↗ |
Welspun Enterprises Limited: key numbers
- Share price
- ₹680.55
- Market cap
- ₹9,420 Cr
- Revenue (annual)
- ₹3,615 Cr
- Net profit (annual)
- ₹349.9 Cr
- P/E (TTM)
- 18.6×Sector 33.1×
- Promoter holding
- 56.13%+0.00% QoQ
- FII holding
- 7.92%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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