Outcome of the Board meeting held on July 21, 2025.
WENDT · price
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Wendt (India) Limited reported its Q1 FY26 (quarter ended June 30, 2025) unaudited results: standalone sales rose 6% year-on-year to Rs 4,649 lakhs, but standalone profit after tax fell 34% to Rs 495 lakhs (EPS of Rs 24.76 vs Rs 37.23 a year ago). On a consolidated basis, sales grew 7% to Rs 5,163 lakhs, while profit after tax dropped 51% to Rs 378 lakhs. The decline in profits was mainly due to weak machine sales from steel projects and amortization of the Wendt brand. The Board also approved the declassification of Wendt GmbH, Germany as promoter, after they fully sold their stake on May 15–16, 2025. Additionally, Mr. Ninad Gadgil, Executive Director and CEO, will step down effective September 15, 2025, to pursue opportunities outside the company.
For shareholders, the headline picture is mixed – revenue continues to grow but bottom-line profits have shrunk sharply, with the new German subsidiary also recording a Rs 139 lakh setup loss. The exit of the original German promoter and the departure of the CEO in less than two months may cause short-term uncertainty around leadership and direction, though the new German subsidiary is a strategic push into peripheral grinding machines.