Wendt India shares slipped more than 4% after the company reported a sharp drop in profits for the quarter ended June 30, 2025 (Q1 FY26), despite a modest rise in revenue. As of 2:55 PM, the shares were trading 1.47% lower at Rs 11,090.00.
Revenue grew 6.3% year-on-year (YoY) to ₹52.17 crore, up from ₹49.06 crore in the same period last year. However, net profit after tax fell sharply by 51% YoY to ₹3.78 crore from ₹7.68 crore.
EBITDA also declined by nearly 30% YoY to ₹7.3 crore from ₹10.5 crore, with margins dropping to 13.95% from 21.5% in Q1 FY25—reflecting pressure on costs and lower operational efficiency.
Adding to the sentiment, the company announced that Ninad Gadgil will step down as Executive Director and CEO, effective September 15, 2025, to pursue other career opportunities. His resignation has been formally submitted as per regulatory norms.
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