Wendt India Ltd reported its unaudited consolidated financial results for the quarter ended June 30, 2025 (Q1 FY26), showing modest growth in revenue but a sharp decline in profitability and operating margins compared to the same quarter last year.
On a consolidated basis, the company’s revenue stood at ₹52.17 crore, up 6.3% YoY, compared to ₹49.06 crore in Q1 FY25. However, net profit after tax came in at ₹3.78 crore, down 51% YoY from ₹7.68 crore in the corresponding period last year.
The company’s EBITDA for the quarter stood at ₹7.3 crore, compared to ₹10.5 crore a year ago, reflecting a decline of nearly 30% YoY.
Meanwhile, EBITDA margin compressed to 13.95% in Q1 FY26 from 21.5% in Q1 FY25, indicating higher costs and lower operating efficiency during the period.
Subsidiary Performance
Wendt Grinding Technologies Ltd, Thailand:
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Revenue: ₹6.03 crore, up 16% YoY
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PAT: ₹47 lakh, up 24% YoY
The Thailand subsidiary continued its strong growth momentum, contributing positively to the consolidated results.
Wendt GmbH, Germany:
Wendt GmbH, a wholly-owned subsidiary in Germany incorporated to handle sales and service support for grinding machines, was formally registered during the quarter. The unit reported a loss of ₹1.39 crore, largely on account of initial set-up expenses.
Management Commentary
The company attributed the revenue growth to higher sales of products and services and improved performance from its overseas subsidiaries. However, the decline in profitability and margins was driven by higher material and employee costs, depreciation, and the set-up expenses of the German subsidiary.
About Wendt India and Murugappa Group
Wendt India Ltd is part of the diversified Murugappa Group, a 124-year-old conglomerate with interests in abrasives, ceramics, engineering, financial services, bicycles, and more. The group has 9 listed entities and operates several globally recognized brands.
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