Conference Call with Welspun Enterprises Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Welspun Enterprises Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Conference Call with Welspun Enterprises Management and Analysts on Q4FY24 Performance and Outlook. Listen to the full earnings transcript.
Iron & Steel Products company Welspun Enterprises announced FY24 results: Diversified standalone order book stands at ~ Rs 12,200 crore. The order book is categorized as follows: Water & Wastewater management projects constitutes 77% Road projects constitutes 23% Debt Free company on standalone basis The Board has recommended Final Dividend of Rs 3 per equity share of FV Rs 10 (30% of FV) FY24 EBITDA of Rs 439 crore has grown by 31% over FY23 Inauguration of UP Section of our Varanasi Aurangabad Road Project by the Honorable Prime Minister Speaking about the performance, Sandeep Garg, Managing Director, Welspun Enterprises, said, “FY24 has been a year of consolidation, where we have acquired and successfully integrated Welspun Michigan Ltd. (erstwhile Michigan Engineers Pvt. Ltd.) with WEL. The standalone revenue has been subdued, due to some challenges on the existing projects and delayed order receipts, however, we have surpassed our margin guidance. On a consolidated basis, we have grown revenues by 4%, with EBITDA growth of 58%. This consolidated performance is an outcome of strategic diversification, and efficient deployment of capital that followed from our asset sale in FY23. Our commitment to creating value for our shareholders remains steadfast.” Result PDF
Conference Call with Welspun Enterprises Management and Analysts on Q1FY24 Performance and Outlook. Listen to the full earnings transcript.
Iron & Steel/Intermediate Products company Welspun Enterprises announced Q1FY24 results: Diversified order book stands at ~ Rs 96,000 million, which includes ~Rs 18,000 million allocated for O&M; and asset replacement in the MCGM STP project. The order book is categorized as follows: Water & Wastewater management segment constitutes 63% Road segments constitute 37% Net Cash of the Company as on 30th June 2023 stands at Rs 10,577 million on a Standalone basis. This is post-completion of the buyback and redemption of NCDs. Our excellence in execution across Water & Road segments was recognized through multiple accolades Highest ever quarterly Operational Profit After Tax at Rs 896 million. Speaking about the performance, Sandeep Garg, Managing Director, Welspun Enterprises, said, “We are very pleased to have made a strong start to the new financial year and are reasonably confident of delivering consistent and robust revenue growth going forward. Our sustained efforts towards enhancing efficiencies and operating leverage bodes well for our future.” Result PDF
Iron & Steel/Intermediate Products company Welspun Enterprises announced Q4FY23 results: In addition to Rs 7.5 special dividend per share announced earlier, the board has approved an additional Rs 1 per share dividend to the shareholders. Net Cash of the company as on 31 March 2023 stands at Rs 15,478 million on a standalone basis As of 31 March 2023, our diversified order book stands at ~ Rs 101 billion, which includes Rs 18 billion allocated for O&M; and asset replacement in the MCGM STP project. The order book is categorized as follows: Water & Wastewater management segment constitutes 60% Road projects constitute 40% Received Rs 1,610 million towards milestone linked payment out of Rs 2,595 million as a part of divestment transaction undertaken with Actis in Dec' 2022 CRISIL Rating has accorded long-term rating of AA-/and short term rating of A1+ In the Dharavi STP project, received a mobilization advance of 5% Received PCOD-2 for Mukarba Chowk – Panipat project Speaking about the performance, Sandeep Garg, Managing Director, Welspun Enterprises, said, “In line with our thought process of return on investment to our shareholders, we have by way of dividend and buyback returned Rs 8.50 per share and Rs 2,350 million, respectively, in this financial year. Having announced special dividend of Rs 7.50, the board has further approved a final dividend of Rs 1 per share. The Company has achieved a successful closure of the Actis deal during the year, highlighting the ability to create value not just during contract execution but also through effective monetization strategies, resulting in an impressive equity IRR of 19%. The asset-light execution model allows us to maintain a lean balance sheet, facilitating the efficient conversion of revenues into profits. As a result, we have created growth capital that positions us favorably to fund our next phase of growth, focusing on high-value, high margin assets in the portfolio. The strong results we attained in FY23 serve as a testament to our unwavering commitment to delivering excellence and driving sustainable growth. We remain dedicated to building on these achievements, leveraging our strengths, and seizing new opportunities to further enhance our performance in the future.” Result PDF
Conference Call with Welspun Enterprises Management and Analysts on the Divestment of its Highways portfolio to Actis. Listen to the full transcript.