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Welspun Enterprises builds steady gains despite a bumpy quarter
MUMBAI: Concrete numbers met cautious optimism as Welspun Enterprises navigated a softer quarter without losing sight of the long road ahead. Welspun Enterprises Limited reported consolidated revenue from operations of Rs 808.49 crore for the quarter ended December 31, 2025, broadly stable compared to Rs 803.26 crore in the previous quarter and down from Rs 918.96 crore a year ago. Total income for the quarter stood at Rs 827.83 crore, reflecting steady execution amid cost pressures and a challenging operating environment.
Profit before tax came in at Rs 60.28 crore for Q3 FY26, impacted by an exceptional item of Rs 48.86 crore during the period. Net profit after tax from continuing operations stood at Rs 30.74 crore, compared to Rs 98.08 crore in the preceding quarter and Rs 77.05 crore in the corresponding quarter last year. For the nine months ended December 2025, profit after tax rose to Rs 229.99 crore, underlining stronger performance over the longer term despite quarterly volatility.
Operationally, the company maintained healthy fundamentals. Operating margin for the quarter was 19.58 per cent, improving from 17.57 per cent a year ago, though lower than the 21.97 per cent recorded in Q2. Net profit margin for the quarter stood at 4.25 per cent, reflecting the impact of exceptional items, while the nine-month net margin remained robust at 10.05 per cent.
Welspun Enterprises’ balance sheet continued to show resilience. Net worth increased to Rs 2,769.70 crore as of December 31, 2025, from Rs 2,264.62 crore a year earlier. The debt-equity ratio remained stable at 0.70 times, while the current ratio improved to 2.07, signalling comfortable liquidity. The company also reported a debt service coverage ratio of 2.53 times, underscoring its ability to service obligations despite near-term earnings fluctuations.
Earnings per share from continuing operations stood at Rs 1.94 for the quarter, compared to Rs 6.43 in Q2 and Rs 5.64 in Q3 FY25. For the nine-month period, basic EPS rose to Rs 15.93, highlighting the underlying strength of the business beyond a single quarter.
Overall, while Q3 reflected the weight of exceptional costs and execution challenges, Welspun Enterprises’ nine-month performance, margin stability and balance sheet strength point to a company building patiently, even when the terrain gets uneven.
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MakeMyTrip partners with OpenAI to boost AI-powered travel planning
Conversational AI now guides travellers from inspiration straight to booking
GURUGRAM: MakeMyTrip, India’s leading online travel company, has teamed up with OpenAI to bring a fresh twist to AI-driven travel planning. The collaboration integrates OpenAI’s APIs into MakeMyTrip’s app, making it easier than ever for travellers to move from chatting about dream trips to booking them.
The move centres around MakeMyTrip’s Myra interface, a GenAI trip planning assistant that now handles over 50,000 conversations a day in languages ranging from English and Hindi to Tamil, Telugu and Bengali. Myra helps travellers explore options, create itineraries and book flights, hotels and extras without the usual hassle of searching and filtering.
MakeMyTrip co-founder and group CEO Rajesh Magow said, “With OpenAI, we turn curiosity into confident decisions. When travellers start their journey through conversation, MakeMyTrip becomes a seamless extension of that discovery process. AI combined with our travel data makes it possible to deliver personalised, bookable options at scale.”
OpenAI managing director- international Oliver Jay added, “MakeMyTrip is showing how AI can make travel planning feel more like a conversation than a chore. Advanced AI isn’t just about back-end efficiencies, it’s about transforming the way travellers experience and engage with the platform.”
MakeMyTrip has long invested in AI across the travel lifecycle, from inspiration and discovery to booking and post-sales support. Nearly half of Myra’s queries now come from tier-2 and smaller cities, and voice interactions are booming outside metros, making AI travel assistance more accessible than ever.
With this partnership, MakeMyTrip is not just keeping up with AI trends, it’s aiming to lead the way, turning every traveller’s whim into a smooth, bookable adventure.
