Welspun Enterprises Limited held its Board of Directors meeting on May 14, 2026, approving the audited consolidated and standalone financial results for the quarter and year ended March 31, 2026. The board recommended a final dividend of ₹3 per equity share of face value ₹10 each for FY26, subject to shareholder approval at the ensuing 32nd Annual General Meeting. The record date for determining dividend entitlement has been fixed as Friday, July 03, 2026. The statutory auditors issued an unmodified opinion on both the consolidated and standalone financial results.

Consolidated Financial Performance

The company delivered a resilient financial performance for FY26, with consolidated revenue from operations at ₹3,615 crore and total income of ₹3,712.06 crore. EBITDA grew 16% year-on-year to ₹845 crore, reflecting an EBITDA margin of 23%. PAT for FY26 stood at ₹393 crore, up 11% year-on-year. For Q4 FY26, revenue grew 14% year-on-year to ₹1,199 crore, while total income stood at ₹1,231.70 crore and EBITDA surged 31% to ₹272 crore. The company maintained a strong balance sheet with consolidated cash and cash equivalents of approximately ₹1,728 crore and net worth of ₹3,261 crore as of March 31, 2026. FY26 results include an exceptional loss of ₹48.86 crore, representing AWEL's 35% share of the write-off relating to the Kutch oil block.

The consolidated earnings per share for FY26 reflect the company's improved profitability. For continuing operations, Basic EPS stood at ₹26.78 and Diluted EPS at ₹26.24 for FY26. For Q4 FY26, Basic EPS from continuing operations was ₹10.85 and Diluted EPS was ₹10.49.

Standalone Financial Performance

On a standalone basis, Welspun Enterprises reported revenue from operations of ₹2,595 crore and total income of ₹2,711.34 crore for FY26. EBITDA stood at ₹496 crore with an EBITDA margin of 18.30%, and PAT for the year was ₹308 crore. For Q4 FY26, standalone revenue grew 10% year-on-year to ₹809 crore, while total income was ₹945.38 crore and EBITDA rose 35% to ₹165 crore.

Subsidiary Performance

Welspun Michigan Engineers Limited (WMEL), a subsidiary of the company, reported revenue of ₹874 crore for FY26, a 31% increase from ₹668 crore in the previous year. WMEL's EBITDA for the year grew by 29% to ₹185 crore, with an EBITDA margin of 21%. As of March 31, 2026, WMEL's order book stood at approximately ₹2,305 crore.

Operational Highlights

Welspun Enterprises maintained a robust order book of approximately ₹20,000 crore as of March 31, 2026, which includes the Letter of Award received for the Pune Shirur Road Project. The Pune Shirur Road Project carries a total project value of ₹7,300 crore, including an EPC scope of approximately ₹5,400 crore. With the addition of this project, the consolidated order book has strengthened to around ₹20,000 crore (including O&M), providing strong growth visibility across the company's Water, Transport, and Tunnel segments.

Commenting on the performance, Mr. Sandeep Garg, Managing Director of Welspun Enterprises, stated: "For Q4 FY26, we delivered a strong and resilient performance, with consolidated revenue growth of 14% year-on-year and EBITDA growth of 31%, driven by sustained operational efficiencies and cost optimization across the business. The consolidated EBITDA for FY26 grew by 16% year-on-year, despite external headwinds from extended monsoons and project clearance delays, reinforcing the resilience and execution strength of our operating model. Going forward, our bid pipeline remains robust, providing strong visibility for 15-20% sustained growth ahead along with EBITDA margins in the range of 18%+ over the medium term. Our 3G strategy — Growth, Governance, and Green — remains the foundation of disciplined capital allocation, operational excellence, and long-term value creation, driving scalable growth while enhancing shareholder returns."

Fundraising and Capital Plans

The board recommended seeking shareholder approval at the ensuing 32nd AGM for an enabling resolution to raise funds through private placement of securities up to ₹1,000 crore in one or more tranches. Additionally, the board recommended shareholder approval for raising funds through issuance of securities via permissible modes — including private placement and qualified institutions placement — for an aggregate amount up to ₹1,000 crore in one or more tranches, in accordance with applicable provisions of the Companies Act, 2013, and SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018.

Leadership Changes

The board approved key leadership changes effective June 01, 2026, subject to shareholder approval at the 32nd AGM. Mr. Balkrishan Goenka (DIN: 00270175) will be re-designated from Executive Chairman to Non-Executive Chairman, enabling him to focus on strategic direction and the long-term vision of the company. Mr. Sandeep Garg (DIN: 00036419) has been re-appointed as Managing Director for a further term of three years, effective June 01, 2026, to May 31, 2029.

The board also approved the re-appointment of M/s. Kiran J. Mehta & Co. as Cost Auditors and M/s. Sureka and Associates as Tax Auditors for FY 2026-27, both effective May 14, 2026. The trading window for dealing in securities of the company by insiders shall re-open from Monday, May 18, 2026.

Earnings Call Recording

Pursuant to Regulation 30(6) read with Part A of Schedule III of the SEBI Listing Regulations, the company informed that the transcript for the Earnings Call, held on Friday, May 15, 2026, on the Audited Financial Results for the quarter and year ended March 31, 2026, is available on the Company's website.

Welspun Enterprises Limited has incorporated a wholly owned subsidiary, Welspun Pune Shirur Projects Limited, on May 09, 2026. The development was disclosed to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The newly incorporated entity is registered in the State of Maharashtra and has been assigned the Corporate Identity Number U42101MH2026PLC471308.

New Subsidiary at a Glance

The key details of the incorporation, as disclosed under Regulation 30, are summarised below:

Purpose and Project Scope

The subsidiary has been incorporated specifically to execute a significant infrastructure project in Maharashtra. The project involves the construction of a 6-Lane Partially Elevated Highway Corridor along with improvement of the existing road from Km. 10+600 to Km. 64+000, covering the Pune to Shirur section of NH-753F, with a minimum design length of 53.40 Km. The project is to be undertaken on DFBOT (Toll) Mode.

This project falls within the infrastructure and construction services sector, which is consistent with the core line of business of Welspun Enterprises Limited. No governmental or regulatory approvals are required for the incorporation itself, and the transaction does not constitute a related party transaction, given that the entity is a newly incorporated wholly owned subsidiary.

Disclosure and Compliance

The intimation was submitted in accordance with SEBI Master Circular No. HO/49/14/14(7)2025 CFD-POD2/1/3762/2026 dated January 30, 2026. The Certificate of Incorporation was received by the Company on May 09, 2026. The disclosure was signed by Nidhi Tanna, Company Secretary (ACS-30465), and the information has also been hosted on the Company's official website at www.welspunenterprises.com .