Wendt (India) (505412) Q1 24/25 earnings summary

Executive summary

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2024, were approved and reviewed by the Board and auditors.

• Board changes include the retirement of the Chairman and appointment of a new Chairman effective July 24, 2024.

Financial highlights

• Standalone revenue from operations for Q1 FY25 was ₹4,445 lakhs, down from ₹6,559 lakhs in Q4 FY24 and ₹4,648 lakhs in Q1 FY24.

• Standalone profit before tax for Q1 FY25 was ₹998 lakhs, compared to ₹1,673 lakhs in Q4 FY24 and ₹1,166 lakhs in Q1 FY24.

• Standalone net profit for Q1 FY25 was ₹745 lakhs, versus ₹1,309 lakhs in Q4 FY24 and ₹868 lakhs in Q1 FY24.

• Consolidated revenue from operations for Q1 FY25 was ₹4,906 lakhs, down from ₹7,007 lakhs in Q4 FY24 and ₹5,126 lakhs in Q1 FY24.

• Consolidated profit before tax for Q1 FY25 was ₹1,030 lakhs, compared to ₹1,709 lakhs in Q4 FY24 and ₹1,215 lakhs in Q1 FY24.

• Consolidated net profit for Q1 FY25 was ₹768 lakhs, versus ₹1,338 lakhs in Q4 FY24 and ₹902 lakhs in Q1 FY24.

Outlook and guidance

• No explicit forward-looking guidance provided, but results were reviewed and approved by the Board and auditors, indicating ongoing operational stability.