Welspun Enterprises Limited — Investor Meet, 22-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Welspun Enterprises reported FY25 consolidated revenue growth of 25% YoY to INR3,584 Cr and EBITDA up 18% to INR730 Cr, with PAT rising 11% (20% adjusted). Water and tunneling now contribute 55% of revenue. Order book stands at INR14,300 Cr, driven by INR10,700 Cr in water projects, aiming to exceed INR20,000 Cr by year-end. FY26 revenue is expected to grow 15%-20%, EBITDA 20%+, and ROCE above 15%, aided by H2 project execution. The subsidiary achieved 62% revenue growth (INR668 Cr) with 21% EBITDA margin. Management prioritizes water infrastructure expansion via technology and PPPs, with asset monetization plans (~INR300 Cr) and a strong net cash position (~INR1,061 Cr). Outlook is confident on growth and margin improvement in core businesses.