Welspun Enterprises Limited has informed the Exchange about Transcript
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Welspun Enterprises reported Q4 FY26 consolidated revenue of INR 1,199 crores (14% YoY growth) and EBITDA of INR 272 crores (31% YoY growth) with 22% margins. For full year FY26, revenue stood at INR 3,615 crores meeting guidance, while EBITDA grew 16% to INR 845 crores with margins expanding to 23%, exceeding the guided 18-20% range. The company won the INR 7,300 crore Pune-Shirur elevated road project (INR 5,400 crores EPC value) and added over INR 10,000 crores to its order book during the year. Consolidated order book now stands at approximately INR 20,000 crores. Subsidiary Welspun Michigan Engineers reported FY26 revenue of INR 874 crores (31% growth) with stable 21% EBITDA margins. The company guided FY27 revenue growth of 15-20% and EBITDA margins of 18% plus, acknowledging near-term cost and execution headwinds from geopolitical disruptions.
While FY26 results were strong with margin expansion, management's decision to guide EBITDA margins lower to 18%+ signals caution about near-term profitability pressures from supply chain disruptions and cost inflation. The strong INR 20,000 crore order book provides multi-year revenue visibility, and the asset-light monetization strategy for completed BOT projects should improve capital efficiency.