Welspun Enterprises Q1 FY 2026-27: Profit Drops 44% Despite ₹18,729 Crore Order Book

Welspun Enterprises began FY 2026-27 with lower revenue and profit as project execution remained subdued during the June quarter.

Revenue from operations fell to ₹774 crore from ₹845 crore a year earlier, while reported profit after tax declined to ₹56 crore from ₹101 crore. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) stood at ₹185 crore.

During the quarter, the company signed the sub-concession agreement for the Pune-Shirur road project, secured a key clearance for the Dharavi-Ghatkopar Tunnel project and announced the divestment of the Aunta-Simaria road asset.

Welspun Enterprises Limited share price was at ₹606.90, up by 0.02% on 4 August 2026.

Welspun Enterprises Q1 Results: How Did The Company Perform?

Revenue from operations fell 8% year-on-year, while total income declined 7% to ₹808 crore. EBITDA fell 11%, although the company maintained an EBITDA margin of 22.9%, compared with 23.9% in the corresponding quarter last year.

Profit before tax before exceptional items stood at ₹122 crore, down from ₹154 crore a year ago. Reported profit after tax dropped 44% to ₹56 crore, reflecting lower earnings from continuing operations and a ₹34 crore loss from discontinued operations during the quarter.

What Were The Key Business Developments During The Quarter?

Welspun Enterprises ended the quarter with an order book of ₹18,729 crore, with water projects accounting for 55%, transportation 30%, tunnelling 11% and other businesses 4%. The company said the order pipeline continues to provide visibility for future growth.

Execution also moved forward on several large projects. The Pune-Shirur Road Project entered the next phase after the sub-concession agreement was executed.

The company also received the long-awaited High Court clearance for the Dharavi-Ghatkopar Tunnel Project, while the Aunta-Simaria road asset moved ahead in the divestment process as part of its capital recycling strategy. Progress continued across major water projects, including the Dharavi Wastewater Treatment Plant, UP Jal Jeevan Mission, and the Bhandup Water Treatment Plant.

What Did Welspun Enterprises Say About The Outlook?

Managing Director Sandeep Garg said the June quarter was affected by a challenging operating environment but noted that the company continued to deliver healthy operating margins. He added that recent progress on the Pune-Shirur Road Project, the Dharavi-Ghatkopar Tunnel and the Aunta-Simaria divestment reflect the company's focus on disciplined execution and capital recycling.

Looking ahead, Welspun Enterprises said it expects opportunities to remain strong across the water, transportation and tunnelling segments, supported by continued government spending on infrastructure. Backed by an order book of more than ₹18,700 crore, a healthy balance sheet and an asset-light strategy, the company said it remains confident of meeting its medium-term growth and profitability goals.

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