Welspun Living Q2 FY27 Results: Consolidated Net Profit ₹170 Crore on Total Income of ₹2,870 Crore
Earnings
home textiles
Blacklitt Research4 min read
Zejo, via Wikimedia Commons (CC0). Illustrative image.
Welspun Living (NSE: WELSPUNLIV) reported consolidated total income of ₹2,869.90 crore and net profit of ₹169.66 crore for the quarter ended 30 Sep 2026. Its standalone total income was ₹2,218.28 crore and its standalone net profit was ₹108.67 crore.
Key highlights
Consolidated
Including its subsidiaries
Total income: ₹2,869.90 crore, up 16.9% YoY and 1.5% QoQ
Net profit and EPS: ₹169.66 crore against ₹14.86 crore a year earlier; basic EPS ₹1.80 against ₹0.13
Profit before tax: ₹225.82 crore after a ₹7.16 crore exceptional item for the Vapi plant flood impact
Finance costs: ₹33.89 crore, down from ₹43.35 crore a year earlier
Standalone
The company on its own, without its subsidiaries
Total income: ₹2,218.28 crore, up 10.0% YoY and 2.3% QoQ
Net profit and EPS: ₹108.67 crore, down 26.4% YoY and 30.2% QoQ; basic EPS ₹1.15 against ₹1.55
Profit before tax: ₹136.77 crore after a ₹7.16 crore exceptional item, against ₹146.20 crore a year earlier
Finance costs: ₹13.21 crore, down from ₹20.64 crore a year earlier
Summary
Consolidated ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
2,869.90
2,455.66
+16.9%
2,828.16
+1.5%
Revenue from operations
2,838.12
2,440.91
+16.3%
2,795.45
+1.5%
Other income
31.78
14.75
+115.5%
32.71
-2.8%
169.66
14.86
n/a
162.61
+4.3%
Profit before tax
225.82
23.82
+848.0%
220.36
+2.5%
Finance costs
33.89
43.35
-21.8%
34.36
-1.4%
Depreciation
102.75
100.91
+1.8%
100.42
+2.3%
Tax expense
56.16
8.96
+526.8%
57.75
-2.8%
Net profit margin
5.91%
0.61%
+5.31 pp
5.75%
+0.16 pp
EPS, basic (₹)
1.80
0.13
n/a
1.69
+6.5%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Consolidated total income rose 16.9% year on year to ₹2,869.90 crore, and net profit rose to ₹169.66 crore from ₹14.86 crore a year earlier. Profit before tax was ₹225.82 crore after a ₹7.16 crore exceptional item for the flood impact at the Vapi plant, against ₹23.82 crore in the year-earlier quarter. The press release says PAT grew 13x year on year.
Revenue from operations rose 16.3% to ₹2,838.12 crore, and other income rose to ₹31.78 crore from ₹14.75 crore. Finance costs fell to ₹33.89 crore from ₹43.35 crore, while depreciation was ₹102.75 crore against ₹100.91 crore. Tax expense was ₹56.16 crore, against ₹8.96 crore a year earlier.
The notes put exchange losses in other expenses at ₹4.17 crore for the quarter, against ₹16.07 crore in the quarter ended 30 Jun 2026 and ₹5.37 crore a year earlier. Against the June quarter, total income rose 1.5% and net profit rose 4.3%, from ₹162.61 crore to ₹169.66 crore, with basic EPS at ₹1.80 against ₹1.69.
The notes say procedures for eligible US tariff refund claims have been initiated and that some refunds have been received and reconciled. The timing and amount of the remaining refunds remain subject to the applicable administrative process.
Standalone ₹ crore
Particulars
Q2 FY27
Q2 FY26
YoY
Q1 FY27
QoQ
2,218.28
2,015.74
+10.0%
2,168.93
+2.3%
Revenue from operations
2,163.43
1,843.23
+17.4%
2,083.08
+3.9%
Other income
54.85
172.51
-68.2%
85.85
-36.1%
108.67
147.73
-26.4%
155.73
-30.2%
Profit before tax
136.77
146.20
-6.5%
191.20
-28.5%
Finance costs
13.21
20.64
-36.0%
14.95
-11.6%
Depreciation
63.15
64.88
-2.7%
61.92
+2.0%
Tax expense
28.10
-1.53
n/a
35.47
-20.8%
Net profit margin
4.90%
7.33%
-2.43 pp
7.18%
-2.28 pp
EPS, basic (₹)
1.15
1.55
-25.8%
1.63
-29.4%
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone total income rose 10.0% to ₹2,218.28 crore, but net profit fell 26.4% to ₹108.67 crore from ₹147.73 crore. Profit before tax was ₹136.77 crore after the ₹7.16 crore flood exceptional item, against ₹146.20 crore a year earlier. The year-earlier quarter carried a tax credit of ₹1.53 crore, against tax expense of ₹28.10 crore now.
Revenue from operations rose 17.4% to ₹2,163.43 crore. Other income was ₹54.85 crore, against ₹172.51 crore a year earlier and ₹85.85 crore in the June quarter.
Finance costs fell to ₹13.21 crore from ₹20.64 crore, and depreciation was ₹63.15 crore against ₹64.88 crore. Against the June quarter, net profit fell 30.2% from ₹155.73 crore, and basic EPS after exceptional items was ₹1.15 against ₹1.63.
Inference
The company's press release says it achieved a net-cash position, compared with net debt of ₹775 crore in March 2026, and that restoration of the Vapi operations is progressing, with full restoration expected during the course of the year. The notes say a share buy-back of 14,400,000 shares at ₹175 a share was settled on 11 Jun 2026, with ₹250.56 crore of premium and ₹2.50 crore of expenses adjusted against retained earnings.
In the quarter the company paid a final dividend of ₹9.41 crore. It completed the transfer of a 51% stake in Welspun Captive Power Generation Limited for ₹67.65 crore on 31 Jul 2026, recording a gain of ₹3.99 crore in the consolidated results and ₹30.77 crore in the standalone results. The statutory auditors' limited review report on both statements says nothing has come to their attention that causes them to believe the statements contain a material misstatement.
The filing leaves two things open: the amount and timing of the final insurance settlement for the Vapi flood, including loss of profit, and the amount of the remaining US tariff refunds.
Create a free account to read the rest of this article and the analysis that follows.
By continuing you agree to our Terms and Privacy Policy, and to receive updates from Blacklitt by email. You can unsubscribe anytime.
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
