Wendt (India) (505412) Q1 25/26 earnings summary

Executive summary

• Board approved unaudited financial results for the quarter ended June 30, 2025, with both standalone and consolidated results reviewed by auditors.

• Declassification of Wendt GmbH, Germany as promoter approved after their complete disinvestment in May 2025.

• Executive Director & CEO, Mr. Ninad Gadgil, to step down effective September 15, 2025, for career opportunities outside the company.

Financial highlights

• Standalone sales for Q1 FY26 at Rs 4,649 lakhs, up 6% YoY; PAT at Rs 495 lakhs, down 34% YoY due to lower machine sales and brand amortization.

• Consolidated sales at Rs 5,163 lakhs, up 7% YoY; consolidated PAT at Rs 378 lakhs, down 51% YoY.

• Domestic sales grew 3% YoY; exports rose 19% YoY, driven by higher offtake in key international markets.

• Wendt Grinding Technologies Ltd, Thailand, achieved sales of Rs 603 lakhs (up 16% YoY) and PAT of Rs 47 lakhs (up 24% YoY).

• Newly incorporated Wendt GmbH, Germany, incurred a loss of Rs 139 lakhs due to initial setup expenses.

Segment performance

• Super Abrasives segment led revenue and profit contributions; Machines and Accessories segment saw a decline in results.

• Precision Products segment showed moderate growth; segment assets and liabilities detailed for all business lines.

• Consolidated segment reporting includes new 'Others' segment for trading products.