| 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)
Earnings Call Transcript filed with NSE, NSE: WELENT. Summary written with AI assistance from the document.
Welspun Enterprises Ltd: 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.
More from Welspun Enterprises Ltd
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Welspun Enterprises Other Announcement
Welspun Enterprises filed its quarterly Regulation 32 statement confirming no deviation in use of its convertible warrant proceeds. The filing is a routine proceeds-utilisation statement with no new capital event.
Welspun Enterprises Merger & Restructuring Worth ₹339.4 Cr
Welspun Enterprises completed the final tranche sale of its 51% stake in associate NXT Infra MCP to NXT-Infra Trust for about ₹339.38 Crore. NXT Infra MCP ceases to be an associate of the company.
- Value
- ₹339.4 Cr
Welspun Enterprises Investor Presentation: Key Takeaways
Q2 FY27 revenue ₹1,035 Cr (+32% YoY), EBITDA ₹425 Cr (39.5% margin), PAT ₹296 Cr (+201%). H1 revenue +11%. Order book ₹18,708 Cr. AWEL gas evacuation approved via ONGC facilities.
Welspun Enterprises Management Change
Welspun Enterprises' board accepted the resignations of its CHRO and Company Secretary and appointed Ravi Singh as CHRO and Priya Pakhare as Company Secretary. These are senior management and KMP changes with no financial impact.
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