Welspun Enterprises Ltd. · NSE:WELENT
Welspun Enterprises — Q3 FY26 Earnings Presentation
39 slides from Welspun Enterprises's earnings presentation, Feb 4, 2026
Slide 1: Exchange filing cover letter for investor presentation
WEL/SEC/2026 February 04, 2026 To, BSE Limited National Stock Exchange of India Limited Corporate Relationship Department, Exchange Plaza, 5th Floor, Plot No. C-1, 2nd Floor, New Trading Wing, Rotunda Block-G, Bandra-Kurla Complex, Building, P.J. Towers, Dalal Street, Bandra (East), Mumbai – 400 001
Slide 2: Q3 & 9MFY26 Investor Presentation
WELSPUN ENTERPRISES LIMITED Q3 & 9MFY26 Investor Presentation February 4, 2026 BSE: 532553 | NSE: WELENT |ISIN: INE625G01013
Slide 3: Safe Harbor
Safe Harbor • The information contained in this presentation is provided by Welspun Enterprises Limited (the “Company”). Although care has been taken to ensure that the information in this presentation is accurate, and that the opinions expressed are fair and reasonable, the information is subject t
Slide 4: Inside this Presentation
Inside this Presentation About Welspun World 04 Advantage Welspun Enterprises Ltd. 05 Financials Q3 & 9MFY26 11 Infrastructure play across verticals 15 Welspun Michigan Engineers Ltd. 17 WEL – ESG At the Core 20 Summary Historical Financials 23 Appendix – Project & Investment Details 27 Aunta Simari
Slide 5: Welspun World: Global Conglomerate
Global Conglomerate The USD 5 Bn Welspun Group is one of India’s fastest growing global conglomerates, with business interests in Line Pipes, Home Textiles, Building Materials, Infrastructure, Water, Steel, Warehousing, New Energy, Advanced Textiles and Flooring solutions. Global leader in Home Text
Slide 6: Creating Value through a Clear Strategy
Creating Value through a Clear Strategy Municipal Water Treatment “Asset Industrial Water Light” Supply + Ensure P&L supports new business Sewerage Treatment Rural Water Supply National/State Highways Tunneling
Slide 7: Independent & Experienced Board
Independent & Experienced Board Balkrishan Goenka Rajesh Mandawewala Sandeep Garg Deepak Chauhan Executive Chairman Non-Executive Director Managing Director Director – Legal & Ethics S Madhavan Dr. Anoop Kumar Mittal Dr. Aruna Sharma Raghav Chandra Lead Independent Director Independent Director Inde
Slide 8: Through an Experienced Management
Through an Experienced Management
Slide 9: Awards, Accreditation & Accolades
Awards, Accreditation & Accolades
Slide 10: Strong platform set for future growth
Strong platform set for future growth
Slide 11: Financials
FINANCIALS
Slide 12: Income Statement Snapshot – Consolidated
Income Statement Snapshot – Consolidated PBT before exceptional items Exceptional (*) PBT post exceptional items PAT • The exceptional loss is on account of WEL’s 35% share in AWEL for the write-off relating to the Kutch oil block.
Slide 13: Income Statement Snapshot – Standalone
Income Statement Snapshot – Standalone
Slide 14: Balance Sheet Snapshot
Balance Sheet Snapshot Consolidated Balance Sheet Snapshot (₹ Cr.) 31ST Dec 2025 31st March 2025 Net worth 3,148 2,709 Gross Debt 1,865 1,300 - Long Term Debt 1,730 1,269 - Short Term Debt (Working Capital Loan) 135 31 Cash & Cash Equivalents# 1,399 1,155 Net Debt / (Cash) 466 145 Other Long-Term Li
Slide 15: Infrastructure play across verticals
Infrastructure play across verticals Water Transport Tunnel • Exponential Budgetary surge for • Rapidly expanding highway • Tunnelling — a solution creating water infrastructure ~ ₹6 network ~1,46,000 kms in for urbanization lakh crore between 2020-25 an 2025 to ~1,85,000 kms in increase of over ~6x
Slide 16: Welspun Michigan Engineers Ltd (WMEL)
WELSPUN MICHIGAN ENGINEERS LTD (WMEL)
Slide 17: Welspun Michigan Engineers (WMEL)
Welspun Michigan Engineers (WMEL) • WMEL (60.09%), subsidiary of WEL, • Pioneer in trenchless technology with • Executed diverse urban infrastructure part of Welspun World, established in presence across tunnelling, micro projects — marine, drainage, tunnelling, 1973 tunnelling, pumping stations, br
Slide 18: Welspun Michigan Engineers (WMEL) - Snapshot
Welspun Michigan Engineers (WMEL) - Snapshot Financial Snapshot
Slide 19: Slide 19
Slide 20: Green - Sector leader in ESG Rating
Green - Sector leader in ESG Rating ESG Risk Rating 56 36 (Progressive Industry Average) (Stable Transition Zone) CRISIL Sustainalytics Carbon Emission Water Waste 17,163 KL water saved 11.3 lakh MT pond ash used 50,707 tCO₂e avoided 3.11 lakh KL rainwater harvested 18,189 MT fly ash used through va
Slide 21: Board Committees
Audit Committee • 3 Members - all Independent Directors Nomination & Remuneration Committee • 3 Members - all Independent Directors Share Transfer, Investors’ Grievance & Stakeholders’ Relationship • 3 Members - all Independent Directors Risk Management • 3 Independent Directors, Managing Director &
Slide 22: Summary Historical Financials
Slide 23: Consistent Performance
Consistent Performance 3,695 14,354 13,800 5Y CAGR ~14% 5Y CAGR ~25% 3Y CAGR ~20% 2,872 3Y CAGR ~16% 2,758 10,100 8,437 8,400 1,530 1,401 FY21 FY22 FY23 FY24 FY25 FY21 FY22 FY23 FY24 FY25 Order Book (in ₹ Cr.) Revenue (in ₹ Cr.) 730 5Y CAGR ~24% 616 3Y CAGR ~37% 391 313 323 FY21 FY22 FY23 FY24 FY25
Slide 24: Steady & Robust Growth
₹ Cr Particulars FY23 FY24 FY25 Revenue 2,758 2,872 3,695 EBITDA 391 616 730 EBITDA Margin (%) 13% 20% 19% PAT 684* 349 384 Net Debt (1,088) (214) 145 Net Worth 2,362 2,490 2,709 Long term Investment 258 283 299 Payback to Investors 135 292 42 Steady & Robust Growth • EBITDA has increased by ~200% a
Slide 25: Appendix
Slide 26: Water Vertical Portfolio at a Glance
8 Water Vertical Portfolio at a Glance Water Vertical Water/ Wastewater Treatment Pumping and Rehabilitation Project Names Contract Type t—> Dewas Water BOT [> UP State Water and Sanitation Mission EPC | Bhandup Water Treatment Complex (Mumbai) EPC [—> Dharavi Wastewater Treatment Facility (Mumbai)
Slide 27: Transport Portfolio
Welspun® Si Transport Portfolio 40 Project Names Contract Type Status Aunta-Simaria (ASRP) HAM PCOD received |— Sattanathapuram-Nagapattinam HAM Under Execution (SNRP) Transport Road Assets ° Varanasi Aurangabad NH2 Project Vertical (VARP) EPC Under Execution Pune Shirur NH-753F BOT L1 Emerged Welsp
Slide 28: HAM: Aunta-Simaria
HAM Aunta-Simaria (Ganga Bridge with Approach Roads) SCOPE Six- Laning from Aunta-Simaria (Ganga Bridge with Approach Roads) Section from km 197.9 to km 206.1 of NH-31 in Bihar. Includes widest extradosed bridge on Ganga river STATUS NHAI declared the Appointed Date as 30' August 2018 The project is
Slide 29: HAM: Sattanathapuram-Nagapattinam
HAM Sattanathapuram- Nagapattinam (SNRP) SCOPE 4 laning of Sattanathapuram to Nagapattinam (Design Ch Km 123.8 to Km 179.6) section of NH-45A (New NH -332) in Tamil Nadu STATUS Received Appointed Date on 5 October 2020 with 4 lane road & 4 lane structures as against 4 lane road & 6 lane structures s
Slide 30: EPC: Varanasi Aurangabad NH2 Project
EPC Varanasi Aurangabad NH2 Project (VARP) SCOPE Six laning of Varanasi — Aurangabad section of NH-2 from km 786.00 to km 978.00 (length 192.400 km) in the State of Uttar Pradesh & Bihar Project details Welspun® 40 Project Length (Kms) Original Contract Commencement Date Construction Period Addition
Slide 31: EPC: UP State Water and Sanitation Mission
Welspun® 40 E P¢ a Project details UP State Water and Project Scope NSIEEE Sanitation Mission Est aggregate contract value (excluding O&M value and % ~ 2,800 Cr. GST) SCOPE Cacnmanontnar SNo. Revenue District No of Division Villages Rural Water Supply project | under Jal Jeevan Mission by S Se. see
Slide 32: EPC: Dharavi Wastewater Treatment Facility
Welspun® 40 E PC Project details Wastewater Treatment 60 Months for Design Build, ility - i Contract period 15 years of operation and Facility - Mumbai Sewage 1S years of o Disposal Project, Dharavi SCOPE Design, Build, Operation and Maintenance of 418 MLD Dharavi Wastewater Treatment Facility inclu
Slide 33: EPC: Dharavi facility details
EPC A first-of-its-kind project in the country, this facility is being constructed vertically, due to the space constraints at the project site. Being built on just 12.7 acres of land, it has one of the lowest footprint per MLD Capable of treating sewage generated by a population of nearly 3.5 milli
Slide 34: Above is an illustrative image
Above is an illustrative image
Slide 35: Above is an illustrative image
Above is an illustrative image
Slide 36: Above is an illustrative image
Above is an illustrative image
Slide 37: Project list: Dewas Water
Sector Project Name Location COD Concession End Water Supply Dewas Water* MP Apr-20 Jun-37 ▪ ▪
Slide 38: Oil & Gas
Oil & Gas • Collective GIIP* : ~1.1 TCF • Gas Evacuation Plan Through – in advance stages of discussion • Monetization Expected in FY ‘29 Location of Fields Gas Evacuation Schematic *Gas Initially In Place
Slide 39: Thank You
Welspun” For further details please contact investorrelations_WEL@welspun.com/Sangeeta_tripathi@welspun.com Sangeeta Tripathi- Head Investor Relations CORPORATE OFFICE WELSPUN ENTERPRISES LIMITED CIN: L45201GJ1994PLC023920 C/8, BKT House, Trade World, Kamala City, Senapati Bapat Marg, Lower Parel, M