Wise Travel India (WTICAB) H2 24/25 earnings summary

Executive summary

• Achieved 55 million successful transactions post-IPO, expanded into Dubai, Chennai, Bangalore, Port Blair, and is preparing for London operations.

• Operates across 130 Indian cities and Dubai, serving over 650 clients with a fleet of 14,000+ vehicles and 16 airport counters.

• Differentiates through a client-centric, SLA-driven model, high service quality, and a focus on safety and compliance.

• Listed on the National Stock Exchange in February 2024, aiming for a 37% CAGR by expanding globally.

• Audited standalone and consolidated financials for FY25 received unmodified opinions from auditors.

Financial highlights

• FY25 consolidated revenue grew 34% year-over-year to ₹54,858.90 lakhs, with EBITDA margin stable at 11%.

• FY25 PAT was ₹2,334.62 lakhs, down 2% year-over-year, with PAT margin at 4% and EPS at ₹9.8.

• Total consolidated assets rose to ₹37,949.34 lakhs as of March 31, 2025.

• CapEx for the year exceeded INR 100 crore, with significant investment in fleet expansion and Dubai operations.

• Employee benefit expenses increased 44.7% year-over-year, attributed to new initiatives.

Outlook and guidance

• Management targets continued 37% CAGR, leveraging global expansion and strong domestic presence.

• Dubai expansion expected to contribute to results in upcoming quarters after initial capex.

• Receivable days targeted to reduce from 95 to 75-80 as systems mature.

• Focus remains on "Rent-A-Cab" business, with IPO proceeds used for working capital and corporate purposes.