Q2 2025 Welspun Enterprises Ltd Earnings Call Transcript
Key Points
- Welspun Enterprises Ltd (BOM:532553) reported a consolidated total income of INR1,798 crores for the first half of FY 2025, marking a growth of over 25% compared to the same period last year.
- The company has a strong order book of approximately INR15,200 crores, providing significant visibility for future execution.
- Welspun Enterprises Ltd (BOM:532553) has diversified its order book to include projects in water, tunneling, and rehabilitation sectors, reducing reliance on road projects.
- The company is debt-free on a stand-alone basis with a strong net worth of INR2,533 crores and cash reserves of INR863 crores.
- Welspun Michigan Engineers Limited, a subsidiary, has been recognized for its innovative approaches in urban water solutions and has a healthy order book of INR1,572 crores.
- Consolidated profit after tax for the quarter decreased by 11% year over year, primarily due to a post-tax reduction from discontinued operations.
- The September quarter is seasonally weak, impacting margins due to lower turnover and fixed expenses.
- There is a delay in the awarding of certain road projects due to the election model code of conduct, affecting the order book.
- The company's tunneling segment reported a decrease in EBIT despite revenue growth, attributed to conservative revenue recognition practices.
- Welspun Enterprises Ltd (BOM:532553) faces challenges in maintaining margins due to the asset-light model, which relies heavily on subcontracting.
Ladies and gentlemen, good day, and welcome to Welspun Enterprises Limited Q2 FY25 earnings conference call hosted by JM Financial. (Operator Instructions) Please note that this conference is being recorded.
I now hand the conference over to Mr. Vaibhav Shah from JM Financial. Thank you, and over to you, sir.
Yes. Thank you, On behalf of JM Financial, I welcome everybody to Q2 FY25 Earnings Conference Call of Welspun Enterprises Limited. I will now hand over the call to Mr. Salil Bawa, Group Head, Investor Relations of Welspun World. Over to you, sir.
Thank you very much, Vaibhav. Good afternoon to all of you, and happy Diwali in advance. On behalf of Welspun Enterprises Limited, I welcome all of you to the company's Q2 and H1 FY 2025 Earnings Call. Along with me, I have Mr. Sandeep Garg, Managing Director.
He's taking this call from Delhi. So in case if there is any disturbance, you'll have to bear
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