Welspun Enterprises Reports Strong Profitability Growth for Q2FY26, Robust Order Book
Welspun Enterprises announced strong Q2FY26 profit growth despite revenue dip, supported by a robust ₹15,600 crore order book and a new ₹3,145 crore Panjrapur Water Treatment Plant project win.
The substantial increase in profitability (59% consolidated PAT growth) and the robust order book, along with a significant new project win, are key indicators of strong business performance and future potential, likely to have a high positive impact on the company's valuation and investor confidence.
Despite a slight decline in revenue, both consolidated and standalone EBITDA and PAT showed significant year-on-year growth, indicating improved operational efficiency and profitability. The substantial order book of ₹15,600 crore and the win of a new large project for the Panjrapur Water Treatment Plant further strengthen future growth prospects.
* Welspun Enterprises Limited (WELENT) has submitted its Investor Presentation detailing the un-audited Consolidated and Standalone Financial Results for the quarter and half year ended September 30, 2025. * Consolidated Financial Highlights (Q2 FY26 vs Q2 FY25): * Revenue from Operations: ₹784 crore (-4% YoY). * EBITDA: ₹192 crore (+28% YoY), with margin improving to 23.9% from 17.9%. * PAT: ₹98 crore (+59% YoY). * Standalone Financial Highlights (Q2 FY26 vs Q2 FY25): * Revenue from Operations: ₹593 crore (-11% YoY). * EBITDA: ₹116 crore (+18% YoY), with margin improving to 18.8% from 14.3%. * PAT: ₹73 crore (+13% YoY). * The company's consolidated order book stood at approximately ₹15,600 crore as of September 30, 2025, with 68% in water, 24% in tunnelling and rehabilitation, and 8% in transport projects. * Welspun Michigan Engineers Ltd. (WMEL), a subsidiary, reported Q2 FY26 revenue of ₹169 crore (+60% YoY) and EBITDA of ₹35 crore (+65% YoY), with an order book of ~₹2,650 crore as of September 30, 2025. * The company was awarded the Panjrapur Water Treatment Plant project in Maharashtra with a total consideration of ~₹3,145 crore (including O&M and asset replacement), with the Letter of Award received on November 6, 2025. * Welspun Enterprises maintains an ESG risk rating of 36 from CRISIL Sustainalytics, indicating a stable transition zone, which is better than the progressive industry average of 56.
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