Welspun Enterprises Limited — Quarter ended 31 March 2026 and year ended 31 March 2026
| Sl. No | Particulars | Quarter ended 31 March 2026 (Refer note 9) | Quarter ended 31 December 2025 (Unaudited) | Quarter ended 31 March 2025 (Refer note 9) | Year ended 31 March 2026 (Audited) | Year ended 31 March 2025 (Audited) |
|---|---|---|---|---|---|---|
| 1 | Income | |||||
| (a) Revenue from operations (Refer note 8) | 1,199.46 | 786.95 | 1,053.96 | 3,615.38 | 3,695.34 | |
| (b) Other income | 32.24 | 19.54 | 21.99 | 96.68 | 97.25 | |
| Total income | 1,231.70 | 806.49 | 1,075.95 | 3,712.06 | 3,792.59 | |
| 2 | Expenses | |||||
| (a) Cost of materials consumed | 263.34 | 115.66 | 220.57 | 627.82 | 634.47 | |
| (b) Construction expenses | 598.13 | 430.54 | 561.69 | 1,902.46 | 2,133.92 | |
| (c) Employee benefits expense (Refer note 5) | 65.54 | 58.40 | 52.89 | 231.59 | 200.23 | |
| (d) Finance costs | 52.62 | 51.50 | 43.58 | 198.20 | 157.90 | |
| (e) Depreciation and amortisation | 12.83 | 13.01 | 14.52 | 50.63 | 50.90 | |
| (f) Other expenses | 33.18 | 28.21 | 33.55 | 105.54 | 93.79 | |
| Total expenses | 1,025.64 | 697.32 | 926.80 | 3,116.24 | 3,271.21 | |
| 3 | Profit from ordinary activities before share of profit / (loss) in associate company and tax (1 – 2) | 206.06 | 109.17 | 149.15 | 595.82 | 521.38 |
| 4 | Share of profit / (loss) in associate company | (0.42) | (0.03) | (2.05) | (1.56) | (2.17) |
| 5 | Profit from ordinary activities before exceptional items and tax (3 + 4) | 205.64 | 109.14 | 147.10 | 594.26 | 519.21 |
| 6 | Exceptional items (net) (Refer note 3) | – | (48.86) | 0.78 | (48.86) | 0.78 |
| 7 | Profit before tax for the period (5 + 6) | 205.64 | 60.28 | 147.88 | 545.40 | 519.99 |
| 8 | Tax expense | |||||
| (a) Current tax – Current year | 49.91 | 28.22 | 40.44 | 154.44 | 135.47 | |
| – Earlier years | 1.45 | 0.03 | 1.04 | (2.83) | 5.10 | |
| (b) Deferred tax (credit) / charge | (9.06) | (1.41) | (4.81) | (12.29) | (4.15) | |
| Total tax expense | 42.30 | 26.84 | 36.67 | 139.32 | 136.42 | |
| 9 | Net profit from ordinary activities after tax for the period (7 – 8) | 163.34 | 33.44 | 111.21 | 406.08 | 383.57 |
| 10 | Profit / (Loss) from discontinued operations | (0.55) | (2.70) | (5.72) | (13.31) | (29.74) |
| 11 | Profit for the period (9 + 10) | 162.79 | 30.74 | 105.49 | 392.77 | 353.83 |
| 12 | Other comprehensive income / (loss) Items that will not be reclassified to Profit and Loss (net of tax) | 4.57 | (4.58) | 0.34 | 0.94 | (1.79) |
| 13 | Total Comprehensive Income for the period (11 + 12) | 167.36 | 26.16 | 105.83 | 393.71 | 352.04 |
| 14 | Profit from continuing operations for the period attributable to: | |||||
| Owners of the company | 145.24 | 26.72 | 100.26 | 363.18 | 352.30 | |
| Non-controlling interest | 18.10 | 6.72 | 10.95 | 42.90 | 31.27 | |
| 15 | Profit / (loss) from discontinuing operations for the period attributable to: | |||||
| Owners of the company | (0.55) | (2.70) | (5.72) | (13.31) | (29.74) | |
| Non-controlling interest | – | – | – | – | – | |
| 16 | Profit from continuing and discontinuing operations for the period attributable to: | |||||
| Owners of the company | 144.69 | 24.02 | 94.54 | 349.87 | 322.56 | |
| Non-controlling interest | 18.10 | 6.72 | 10.95 | 42.90 | 31.27 | |
| 17 | Total comprehensive income attributable to: | |||||
| Owners of the company | 149.26 | 19.44 | 94.88 | 350.81 | 320.77 | |
| Non-controlling interest | 18.10 | 6.72 | 10.95 | 42.90 | 31.27 | |
| 18 | Paid-up equity share capital, net of treasury shares (Face Value Rs. 10/- each) (Refer note 4) | 135.61 | 136.81 | 136.71 | 135.61 | 136.71 |
| 19 | Other equity | – | – | – | 2,908.50 | 2,403.47 |
| Description | Quarter ended 31 March 2026 (Refer note 9) | Quarter ended 31 December 2025 (Unaudited) | Quarter ended 31 March 2025 (Refer note 9) | Year ended 31 March 2026 (Audited) | Year ended 31 March 2025 (Audited) |
|---|---|---|---|---|---|
| 20 Earnings per share (EPS) from continuing operations*** | |||||
| (a) Basic EPS (in Rs) | 10.85 | 1.94 | 7.35 | 26.78 | 25.79 |
| (b) Diluted EPS (in Rs) | 10.49 | 1.93 | 7.24 | 26.24 | 25.45 |
| 21 Earnings per share (EPS) from discontinuing operations*** | |||||
| (a) Basic EPS (in Rs) | (0.05) | (0.19) | (0.42) | (0.98) | (2.18) |
| (b) Diluted EPS (in Rs) | (0.05) | (0.19) | (0.42) | (0.98) | (2.18) |
| 22 Earnings per share (EPS) from continuing and discontinuing operations*** | |||||
| (a) Basic EPS (in Rs) | 10.80 | 1.75 | 6.93 | 25.80 | 23.61 |
| (b) Diluted EPS (in Rs) | 10.45 | 1.73 | 6.83 | 25.27 | 23.30 |
| Description | Quarter ended 31 March 2026 (Refer note 9) | Quarter ended 31 December 2025 (Unaudited) | Quarter ended 31 March 2025 (Refer note 9) | Year ended 31 March 2026 (Audited) | Year ended 31 March 2025 (Audited) |
|---|---|---|---|---|---|
| (i) Gain on sale of non-current investments | – | – | 0.78 | – | 0.78 |
| (ii) Share of loss in an associate (refer note below) | – | (48.86) | – | (48.86) | – |
| Total | – | (48.86) | 0.78 | (48.86) | 0.78 |
| Particulars | As at 31 March 2026 (Audited) | As at 31 March 2025 (Audited) |
|---|---|---|
| A. ASSETS | ||
| 1. Non-current assets | ||
| a. Property, plant and equipment | 148.50 | 169.23 |
| b. Right-of-use asset | 14.07 | 7.69 |
| c. Capital work-in-progress | 6.55 | 6.55 |
| d. Goodwill on consolidation | 83.41 | 83.41 |
| e. Intangible assets | 42.25 | 42.98 |
| f. Intangible assets under development | 0.88 | 2.02 |
| g. Investments in an associate | 266.21 | 299.11 |
| h. Financial assets | ||
| i) Investments | 0.08 | 0.07 |
| ii) Trade receivables | 82.57 | 33.87 |
| iii) Receivables under service concession arrangement | 1,949.05 | 1,470.71 |
| iv) Other financial assets | 26.72 | 24.12 |
| i. Deferred tax assets (net) | 27.76 | 26.98 |
| j. Income tax assets (net) | 48.90 | 48.47 |
| k. Other non-current assets | 261.10 | 162.37 |
| Total non-current assets | 2,958.05 | 2,377.58 |
| 2. Current assets | ||
| a. Inventories | 173.90 | 162.64 |
| b. Contract assets | 1,318.41 | 1,181.07 |
| c. Financial assets | ||
| i) Investments | 1,383.43 | 464.09 |
| ii) Trade receivables | 509.63 | 302.57 |
| iii) Cash and cash equivalents | 174.03 | 512.28 |
| iv) Bank balances other than (iii) above | 163.54 | 130.52 |
| v) Loans | 0.16 | 0.05 |
| vi) Service concession receivables | 40.07 | 56.84 |
| vii) Other financial assets | 34.31 | 83.14 |
| d. Other current assets | 391.25 | 591.32 |
| Total current assets | 4,188.73 | 3,484.52 |
| 3. Assets classified as held-for-sale and discontinued operations | 182.63 | 195.93 |
| TOTAL ASSETS | 7,329.41 | 6,058.03 |
| B. EQUITY AND LIABILITIES | ||
| 1. Equity | ||
| a. Equity share capital | 135.61 | 136.71 |
| b. Other equity | 2,908.50 | 2,403.47 |
| c. Non-controlling interest | 216.85 | 169.09 |
| Total Equity | 3,260.96 | 2,709.27 |
| 2. Non-current liabilities | ||
| a. Financial liabilities | ||
| i) Borrowings | 1,724.83 | 1,268.60 |
| ii) Lease liabilities | 7.50 | 2.77 |
| b. Provisions | 54.21 | 53.45 |
| c. Deferred tax liabilities (net) | 47.83 | 59.27 |
| Total non-current liabilities | 1,834.37 | 1,384.09 |
| Particulars | As at 31 March 2026 (Audited) | As at 31 March 2025 (Audited) |
|---|---|---|
| 3 Current liabilities | ||
| a) Contract liabilities | – | – |
| b) Financial liabilities | ||
| i) Borrowings | 901.49 | 775.94 |
| ii) Lease liabilities | 247.08 | 221.88 |
| iii) Trade payables | ||
| – Due of micro enterprises and small enterprises | 7.11 | 5.88 |
| – Due of creditors other than micro enterprises and small enterprises | 300.60 | 204.86 |
| iv) Other financial liabilities | 687.80 | 653.05 |
| c) Provisions | 26.76 | 27.73 |
| d) Other current liabilities | 5.81 | 5.35 |
| e) Current tax liabilities (net) | 57.32 | 67.96 |
| Total current liabilities | 2,234.08 | 1,964.67 |
| TOTAL EQUITY AND LIABILITIES | 7,329.41 | 6,058.03 |
| Particulars | Year ended 31 March 2026 (Audited) | Year ended 31 March 2025 (Audited) |
|---|---|---|
| A Cash flow from operating activities | ||
| Profit before tax from continued operations | 545.40 | 519.99 |
| Profit / (Loss) before tax from discontinued operations | (13.31) | (29.74) |
| Profit before tax | 532.09 | 490.25 |
| Adjustments for | ||
| Depreciation and amortisation | 50.63 | 50.90 |
| Loss / (Gain) on sale/discard of property, plant and equipment (net) | (0.93) | 0.56 |
| Interest income | (200.36) | (165.40) |
| Finance costs | 198.20 | 157.90 |
| Remeasurement (gains) / losses on defined benefit plans | 8.58 | 2.21 |
| Impairment allowances – allowance on trade receivables and advances | 1.96 | 2.11 |
| Net (gain) / loss on financial assets designated as FVTPL | (44.83) | (37.44) |
| Loss from discontinued operations | 13.31 | 29.74 |
| Other provisions | 1.76 | 2.02 |
| Share of loss from associate company | 50.42 | 2.17 |
| Net gain on sale of non-current investments | – | (0.78) |
| Reversal of provisions no longer required | – | (2.34) |
| Gain on derecognition of right-of-use and lease liabilities | – | (0.20) |
| Unwinding of discount on security deposits | (0.25) | (0.13) |
| Unrealised foreign exchange (gain) / loss | 0.03 | 0.06 |
| Share based payments to employees | 7.40 | 6.24 |
| Dividend income on financial assets designated as FVTPL | (4.27) | (0.54) |
| Operating profit before working capital changes | 613.74 | 537.33 |
| Adjustments for (Increase) / decrease in trade and other receivables | (583.60) | (814.24) |
| (Increase) / decrease in inventories | (11.25) | (6.00) |
| (Decrease) / Increase in trade and other payables | 242.00 | 147.20 |
| Cash generated from / (used in) operating activities | 260.89 | (135.71) |
| Direct taxes paid (net of refunds) | (148.70) | (137.78) |
| Net cash generated from / (used in) operating activities (A) | 112.19 | (273.49) |
| Particulars | Year ended 31 March 2026 | Year ended 31 March 2025 |
|---|---|---|
| B Cash flow from investing activities | ||
| Purchase of property, plant and equipment (including capital work-in-progress, intangible assets under development and capital advances) | (33.98) | (51.60) |
| Sale of property, plant and equipment | 1.11 | 0.88 |
| Investment in bonds | (5,299.13) | (3 |