Brands
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.
Ola has a new voice. The ride-hailing giant has appointed Shirsha Majumder as senior manager for PR and communications, bringing in a seasoned hand to sharpen its brand narrative and media relations.
Majumder arrives from Acko, where she spent close to four years playing a central role in shaping the insurance company’s communications strategy. Before Acko, she built her credentials across a string of well-regarded organisations including HDFC Life, Adfactors PR and Edelman, accumulating over nine years of experience across reputation management, media relations, strategic messaging and stakeholder engagement.
At Ola, she is expected to bring that breadth of experience to bear on the company’s communications function at a time when the brand is navigating an increasingly competitive and scrutinised market.
For a company that has rarely been far from the headlines, getting the communications right matters. In Majumder, Ola has picked someone who knows how to manage a narrative under pressure.
