Welspun Enterprises Ltd. (WEL), part of Welspun World, today announced its results for the quarter ended 30th June 2024 (Q1 FY25). During Q1 FY25, the company posted the consolidated revenue of Rs. 907 crore. Consolidated EBITDA stood at Rs. 193 crore. Profit After Tax (PAT) during Q1 FY25 stood at Rs. 110 crore. Meanwhile, consolidated order book stands at ~Rs.  13,100 crore.

Speaking about the performance, Sandeep Garg, Managing Director, Welspun Enterprises Limited, said, “We are very pleased to have made a strong start to the new financial year with consolidated revenue growth of 30% YoY, sustainable EBITDA, and resulting PAT growth of 18% YoY. Our performance demonstrates steady progress across our projects and the successful integration of Welspun Michigan.”

Outlook

“We have started FY25 with the highest ever execution for the first quarter of any fiscal. Our stand alone order book of Rs. 11,600 crores, and our continuing commitment to further augment our order book, gives me immense confidence for our future growth.

Our subsidiary Welspun Michigan Engineers Ltd. has an opening order book of ~₹ 1,500 crores. This makes our consolidated order book a formidable Rs. 13,100 crores, with ~Rs. 2,000 crores of L1 orders. The recently released Union Budget presented a detailed roadmap towards pursuit of “Viksit Bharat” by 2047. With the expected policy continuationin India, the tailwinds in the Indian economic growth are likely to continue.”

The bid pipeline both in Water and Transportation segments is robust. Going forward, NHAI has announced bids worth ~Rs. 2 lakh crores (5000km) in BOT Toll projects apart from bids in HAM & EPC worth Rs. 50,000 crores. In the water segment we see opportunities of over Rs. 3 lakh crores across distribution, transmission & treatment, of which Rs. 66,000 crores may be bid out in the near term, while the rest may spill over to medium term. Welspun Michigan order pipeline is very healthy with foreseeable opportunities of ~Rs. 50,000 crores across tunneling and other adjacencies. We will judiciously bid for selective projects; we maintain a bullish outlook on further order inflows.”