Welspun Enterprises Q2 FY27: Revenue Up 32%, EBITDA Soars 122%
Welspun Enterprises reported Q2 FY27 consolidated revenue of ₹1,035 crore (up 32% YoY) and EBITDA of ₹425 crore (up 122% YoY). H1 FY27 revenue was ₹1,808 crore (up 11% YoY) with EBITDA at ₹610 crore (up 53% YoY). The order book stands at ₹18,700 crore. The company expects FY27 revenue growth of 10-20% and EBITDA margin of 18%+. AWEL received DGH approval for gas evacuation.
Significant growth in financial metrics, a substantial order book, strategic approvals in the oil and gas sector, and clear future guidance indicate a high impact on the company's future performance and investor outlook.
The company reported strong year-on-year growth in revenue and EBITDA for the quarter and half-year. Positive developments in the oil and gas sector and a robust order book also contribute to a positive sentiment.
Welspun Enterprises Limited announced its financial results for the second quarter and half year ended September 30, 2026. The company reported a consolidated revenue growth of 32% year-on-year to ₹1,035 crore for Q2 FY27, with EBITDA surging by 122% year-on-year to ₹425 crore. This resulted in an EBITDA margin of 39.5%, a significant improvement from 23.9% in Q2 FY26. Profit Before Tax (PBT) increased by 179% to ₹351 crore, and Profit After Tax (PAT) grew by 201% to ₹296 crore.
For the first half of FY27 (H1 FY27), consolidated revenue rose by 11% year-on-year to ₹1,808 crore, while EBITDA grew by 53% year-on-year to ₹610 crore, with an EBITDA margin of 32.4%. The company highlighted the monetization of its 51% stake sale in the Mukarba Chowk-Panipat Project, which contributed ₹194 crore to the revenue and EBITDA in Q2 FY27, aligning with its asset-light business model.
The company's balance sheet remains strong, with cash and cash equivalents of ₹1,432 crore and a net debt to equity ratio of 0.2x as of September 30, 2026. The consolidated order book stood at approximately ₹18,700 crore, providing good revenue visibility.
Looking ahead, Welspun Enterprises anticipates H2 FY27 to be stronger than H1 FY27, with an expected appointed date for the Pune-Shirur project by Q4 FY27. The company maintains its guidance of 10% to 20% revenue growth and an EBITDA margin of 18% plus for the full fiscal year. They are also working towards securing incremental orders worth ₹8,000 crore to ₹10,000 crore in FY27.
In a significant development in the Oil and Gas sector, Adani Welspun Exploration Limited (AWEL) received approval from the Directorate General of Hydrocarbons (DGH) for the utilization of ONGC's existing facilities for gas evacuation and processing from its Mumbai block. This is expected to substantially reduce AWEL's risk and capital investment, with targeted first gas production in FY29.
The company also received several awards for project execution excellence, safety (HSE), and sustainability initiatives, including an improved CRISIL ESG score.
What to do with a filing like this
Welspun Enterprises Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Welspun Enterprises Limited. Read the original for the full detail.