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

Executive summary

• Achieved 55 million successful transactions in the first year post-IPO, with significant expansion into new geographies including Dubai and upcoming London operations.

• Wise Travel India Limited (WTiCabs) is a leading provider of corporate car rentals and employee transportation, operating across 130 Indian cities and recently expanding to Dubai.

• The company serves over 650 clients, including major corporates like Nokia, Amazon, and Microsoft, with a fleet of 14,000+ vehicles and 16 airport counters.

• Strategic shift towards asset-heavy model, notably supplying premium vehicles for Uber Black, with fixed revenue contracts.

• Audited standalone and consolidated financial results for the year ended March 31, 2025, were approved by the Board and received unmodified opinions from auditors.

Financial highlights

• FY25 consolidated revenue grew to ₹54,858.90 lakhs from ₹41,059.50 lakhs year-over-year, with standalone revenue at ₹52,591.76 lakhs.

• EBITDA margin maintained at 11% of revenue; FY25 EBITDA was ₹5,948.5 lakhs.

• FY25 PAT was ₹2,334.6 lakhs, down 2% year-over-year, with PAT margin at 4%.

• EPS for FY25 was ₹9.8, down from ₹13.1 in FY24.

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

Outlook and guidance

• Management expects continued revenue growth at 30-37% CAGR, aiming to maintain or exceed this pace through global expansion and operational efficiencies.

• Profitability expected to improve as new projects mature and operational efficiencies are realized.

• Dubai operations targeted for further expansion, with plans to add 700+ cars and maintain high utilization for 8-10% net margins.