Welspun Enterprises reported a weak set of Q3 results on a year-on-year basis, with profitability coming under significant pressure even as operating margins showed improvement. The performance reflects challenges on the bottom line amid softer revenues during the quarter.
Net profit for the quarter declined sharply by 65.6% to ₹26.7 crore compared with ₹77.5 crore in the same period last year. The steep fall in profit highlights the impact of lower revenues and other cost or one-off pressures during the quarter.
Revenue also remained under pressure, falling 12.2% year-on-year to ₹787 crore from ₹896 crore in Q3 of the previous financial year. The decline indicates slower execution or muted activity across some project segments during the period.
At the operating level, performance remained relatively resilient. EBITDA stood at ₹154.2 crore, marginally lower by 2% compared with ₹157.3 crore reported a year ago. Despite the slight dip in absolute EBITDA, operating efficiency improved during the quarter.
EBITDA margin expanded to 19.6% in Q3 from 17.6% last year, reflecting better cost control and improved operational discipline. The margin expansion suggests that core operations remained stable even as topline growth moderated.
