Welspun Enterprises Limited has informed the Exchange about Transcript
WELENT · price
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Welspun Enterprises reported Q1 FY'26 consolidated revenue of INR 845 crores, down 9% year-on-year due to early monsoon impact (10 lost execution days) and completion of two road projects. Despite the top-line decline, EBITDA grew 8% YoY to INR 208 crores with margins expanding 377 basis points to 23.8%, driven by better project mix and operational efficiency. Standalone revenue fell 19% to INR 604 crores, while EBITDA margin improved to 19.5%. The consolidated order book stands at INR 13,665 crores (including INR 4,400 crores O&M contracts), and management raised the FY'26 order inflow guidance to INR 10,000-11,000 crores from the earlier INR 9,000-10,000 crores. Revenue guidance for FY'26 is maintained at INR 4,000-4,100 crores, with H2 expected to contribute 60% of the year's revenue.
The strong margin expansion (377 bps) and raised order inflow guidance signal improving execution quality and pipeline visibility, which should be positive for the stock. However, the 9% revenue decline in Q1 and back-ended execution cycle mean near-term quarterly performance may remain subdued, with growth expected to accelerate in H2 FY'26.