Wendt (India) Limited has informed the Exchange regarding a press release dated July 21, 2025, titled "Unaudited financial results for the quarter ended June 30, 2025".
WENDT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Wendt (India) reported Q1 FY26 standalone revenue of Rs 4,712 lakhs, up 6% year-on-year, but profit after tax fell 34% to Rs 495 lakhs due to weak machine sales and brand amortization costs. Consolidated revenue rose 7% to Rs 5,217 lakhs, while consolidated PAT dropped sharply by 51% to Rs 378 lakhs. The Super Abrasives segment drove growth, but the Machines and Accessories segment revenue halved. The board approved the declassification of promoter Wendt GmbH (Germany) after it fully exited the company in May 2025. The company also set up a new wholly owned subsidiary, Wendt GmbH (Germany), for grinding machine sales, which incurred Rs 139 lakhs in initial setup losses. CEO Ninad Gadgil will step down effective September 15, 2025, to pursue opportunities outside the company.
Mixed signals for shareholders: revenue growth is healthy, but sharp profit decline and margin compression point to cost pressures. The promoter exit, CEO transition, and losses at the new German subsidiary add near-term uncertainty, while auditor Price Waterhouse gave a clean limited review report.