Welspun Enterprises Q4 FY26: Revenue ₹1,199 Cr, EBITDA ₹272 Cr; Secures ₹7,300 Cr Pune Road Project
Welspun Enterprises reported Q4 FY26 revenue of ₹1,199 Cr, up 14% YoY, with EBITDA at ₹272 Cr, up 31%. FY26 revenue was ₹3,615 Cr. The company secured the ₹7,300 Cr Pune Shirur Elevated Road project, boosting its order book to ₹20,000 Cr. Subsidiary WMEL saw Q4 revenue grow 33% to ₹351 Cr.
The announcement includes a substantial new project win (₹7,300 Cr Pune Shirur Elevated Road) and a strong consolidated order book (₹20,000 Cr), which are material developments for the company's future revenue and growth prospects.
The company reported strong financial growth in Q4 FY26, with increased revenue and EBITDA. The acquisition of a major new project and a significant order book further contribute to a positive outlook.
Welspun Enterprises Limited (WEL) has announced its financial results for the fourth quarter and full year ended March 31, 2026. The company reported a consolidated revenue of ₹1,199 crores for Q4 FY26, a 14% year-on-year increase, with consolidated EBITDA growing by 31% to ₹272 crores. For the full year FY26, consolidated revenue stood at ₹3,615 crores, and EBITDA grew 16% year-on-year to ₹845 crores, with EBITDA margins at a healthy 23%.
The company also secured a significant Letter of Award for the Pune Shirur Elevated Road project, with a total project cost of approximately ₹7,300 crores. This, along with the Panjarpur water treatment project, added over ₹10,000 crores to its order book, bringing the consolidated order book to approximately ₹20,000 crores.
Welspun Michigan Engineers Limited (WMEL), a subsidiary, reported a Q4 FY26 revenue of ₹351 crores, a 33% year-on-year growth, with EBITDA increasing by 45% to ₹74 crores. For the full year FY26, WMEL's revenue grew 31% to ₹874 crores, with EBITDA at ₹185 crores and margins at 21%.
The company highlighted progress in its water business, including the Dharavi Wastewater treatment facility (65% physical completion, targeting July 2027 commissioning) and UP Jal Jeevan Mission projects (80% progress, expected completion in FY27). The Bhandup 2,000 MLD water treatment plant is at 20% completion, scheduled for June 2029. The recently awarded Panjarpur 910 MLD water treatment plant is in its early stages.
In the transportation segment, the Aunta-Simaria project has received its first annuity payment, with monetization planned for H1 FY27. The Varanasi Aurangabad Road project is targeted for completion in Q1 FY27, and the SNRP project in Tamil Nadu is expected in Q2 FY27. The Pune-Shirur project, a 6-lane elevated highway corridor spanning approximately 53.4 kilometers, will be executed under the DBFOT model with a concession period of 29 years. Construction is expected to commence in the latter half of FY27, with potential revenue booking of ₹500-600 crores in FY27.
Welspun Enterprises also emphasized its digital transformation initiatives, including the implementation of BIM, an RFI application, migration to S/4HANA, and the rollout of an e-governance platform. The company's consolidated cash stands at approximately ₹1,700 crores, with net debt remaining low.
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Welspun Enterprises Limited filed this with the NSE as a statutory disclosure, categorised under other results related. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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