Welspun Enterprises Reports Strong EBITDA Growth in Q2FY26, Secures Major Water Treatment Project

Financial Performance

Welspun Enterprises reported the following results for Q2 FY26:

Consolidated revenue of ₹784.00 crores, down 4% from ₹815.00 crores in Q2 FY25
EBITDA of ₹192.00 crores, a substantial increase of 28% year-on-year
EBITDA margin expansion to 23.9% from 17.9% in the same quarter last year
Net profit after tax of ₹98.00 crores, up 59% compared to Q2 FY25

Half-Year Results

For H1 FY26, the company's performance was as follows:

Revenue declined by 7% to ₹1,629.00 crores
EBITDA grew by 17% to ₹399.00 crores
EBITDA margin improved to 23.9% from 19.1% in H1 FY25

New Project Win and Order Book

Welspun Enterprises secured a Letter of Award for the construction of a 910 MLD Water Treatment Plant at Panjrapur, Maharashtra, valued at ₹3,145.00 crores. This project has bolstered the company's consolidated order book to ₹15,600.00 crores, with 68% coming from water projects and 24% from transport infrastructure.

Segment-wise Performance

Segment	Revenue (Q2 FY26)
Transport	₹357.23 crores
Water	₹211.70 crores
Tunneling and Rehabilitation	₹214.99 crores

Management Commentary

Sandeep Garg, Managing Director of Welspun Enterprises Limited, stated, "We continue to sustain strong growth momentum, delivering a 17% year-on-year rise in EBITDA and achieving a record-high consolidated EBITDA margin of 23.9% in Q2 FY26. We remain on track to meet our annual revenue guidance of ₹4,000.00 crores at a consolidated level."

He added, "Our recent win of the landmark 910 MLD Water Treatment Plant project at Panjrapur, Maharashtra, marks another milestone in our journey to become a leading player in the water sector. Together with the ongoing 2,000 MLD Bhandup project, we will soon be treating nearly 70% of Mumbai's freshwater requirement."

Future Outlook

The company is witnessing strong traction in BOT (Toll) and HAM projects in transportation, as well as in water projects across river interlinking, treatment, and desalination. Welspun Enterprises is also evaluating expanding opportunities in the tunneling segment for both transport and water projects.

To capitalize on upcoming opportunities, the company is in the process of raising ₹1,000.00 crores through a preferential issue of warrants via private placement, including to the promoter group.

Balance Sheet Highlights

As of September 30, 2025:

Item	Amount
Net worth	₹2,870.00 crores
Gross debt	₹1,731.00 crores
Cash and cash equivalents	₹1,043.00 crores

Welspun Enterprises continues to focus on its 3G strategy - Growth, Governance, and Green, aiming to deliver sustainable value to all stakeholders.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.16%	-4.45%	-2.79%	+3.72%	+16.92%	+578.35%

Welspun Enterprises Limited , a prominent infrastructure development company, has announced significant changes in its senior management structure alongside robust financial results for the second quarter of fiscal year 2026.

Management Restructuring

The company's Board of Directors, in a meeting held on November 11, 2025, approved several key changes in senior management roles:

Asim Chakraborty will transition from his current position as CEO of the Transportation Vertical to a new role as Executive Director, Senior Managerial Personnel (SMP).
Abhishek Chaudhary, currently serving as the Chief Executive Officer (CEO) and Key Managerial Personnel (KMP), will assume the role of CEO - Transportation Vertical, SMP, continuing to report to the Managing Director.
Hardik Dhebar, presently the Chief Financial Officer (CFO) of subsidiary Welspun Michigan Engineers Limited (WMEL), will take on additional responsibilities. He will lead the Investor Relations function and be re-designated as President - Finance & Accounts of Welspun Enterprises, while retaining his CFO role at WMEL.

These changes, effective November 11, 2025, aim to strengthen the company's leadership structure and enhance its operational efficiency.

Q2 FY26 Financial Highlights

Welspun Enterprises has reported impressive financial results for the quarter ended September 30, 2025:

Consolidated revenue from operations stood at ₹783.92 crores.
EBITDA reached ₹192.00 crores, marking a significant 28% year-on-year growth.
EBITDA margin improved to 23.9%, up from 17.9% in the same quarter last year.
Profit after tax (PAT) increased by 59% year-on-year to ₹98.00 crores.

Segment Performance

The company's performance across its key segments for Q2 FY26 was as follows:

Segment	Revenue (₹ Crores)	Result (₹ Crores)
Transport	357.23	94.58
Water	211.70	59.24
Tunneling and Rehabilitation	214.99	44.34

Order Book and Future Outlook

Welspun Enterprises' consolidated order book stands at approximately ₹15,600 crores as of September 30, 2025, providing strong growth visibility. The company has also secured a Letter of Award for constructing a 910 MLD Water Treatment Plant at Panjrapur, Maharashtra, valued at ₹3,145 crores.

Sandeep Garg, Managing Director of Welspun Enterprises Limited, commented on the results: "We continue to sustain strong growth momentum, delivering a 17% year-on-year rise in EBITDA and achieving a record-high consolidated EBITDA margin of 23.9% in Q2 FY26. We remain on track to meet our annual revenue guidance of ₹4,000 Crores at a consolidated level."

The company's focus on its 3G strategy - Growth, Governance, and Green - continues to drive its performance and future prospects in the infrastructure sector.

Conclusion

Welspun Enterprises' management restructuring and strong financial performance demonstrate the company's commitment to enhancing its leadership capabilities and delivering value to stakeholders. With a robust order book and strategic initiatives in place, the company appears well-positioned for continued growth in the infrastructure development sector.