Quarter Ended: March 2026
Wendt (India) Ltd – Q4 FY26 Financial Results Analysis
NSE
wendt
BSE
505412
Despite stable cost structure, revenue decline and adverse inventory adjustments significantly impacted profitability, leading to sharp YoY decline in earnings.
key financial highlights
- Revenue from Operations:
- Total Income (Q4 FY26): ₹6,678 Lakhs
- QoQ Change: +9.86%
- YoY Change: -11.67%
- Previous Quarter (Q3 FY26): ₹6,079 Lakhs
- Previous Year (Q4 FY25): ₹7,560 Lakhs
- Total Income (Q4 FY26): ₹6,678 Lakhs
- Profit After Tax (PAT):
- PAT (Q4 FY26): ₹509 Lakhs
- QoQ Change: +70.81%
- YoY Change: -60.51%
- Previous Quarter (Q3 FY26): ₹298 Lakhs
- Previous Year (Q4 FY25): ₹1,289 Lakhs
- PAT (Q4 FY26): ₹509 Lakhs
- QoQ Performance
- Revenue Trend: Moderate recovery
- Profit Trend: Sharp recovery but still weak YoY
Margin Analysis
Key Drivers:
- Negative inventory adjustment impacting margins
- Revenue decline not matched by cost reduction
- Stable employee and fixed costs
- Weak operating leverage
Key Signal: Margins contracted sharply YoY, indicating operational inefficiency under lower revenue conditions
Segment performance
Segment: Super Abrasives
- Revenue: ₹3,690 Lakhs
Insights:
- Core contributor
- Stable QoQ but weaker YoY
Segment: Machines & Accessories
- Revenue: ₹1,465 Lakhs
Insights:
- Volatile performance
- Weak profitability (negative segment result)
Segment: Precision Products
- Revenue: ₹856 Lakhs
Insights:
- Small but stable segment
Segment: Others
- Revenue: ₹571 Lakhs
Insights:
- Minor contribution
Segment insight
Summary:
- Core business remains dependent on Super Abrasives, while Machines & Accessories segment is dragging profitability.
Characteristics:
- Manufacturing-driven business
- Segment imbalance affecting margins
- Limited diversification benefit
Earning quality check
Drivers:
- No exceptional items influence
- Core operations impacted
- Inventory-led distortion in earnings
- Stable depreciation and finance costs
Interpretation:
- Earnings quality is weak this quarter due to operational inefficiencies rather than one-off factors
balance sheet Analysis
- Total Assets: ₹30,560 Lakhs
- Total Liabilities: ₹5,173 Lakhs
Insight:
- Strong balance sheet with low leverage, but working capital intensity remains high
key risks
- Demand slowdown impacting revenue
- High operating leverage risk
- Segment underperformance (Machines & Accessories)
- Inventory volatility
Financial Metrics
| Particular | Q4 FY26 | Q.O.Q | Y.O.Y |
|---|---|---|---|
| Total Income | ₹6,796 Lakhs | +9.38% | -12.55% |
| PBT | ₹784 Lakhs | +55.56% | -54.30% |
| PAT | ₹509 Lakhs | +70.81% | -60.51% |
Wendt (India) reported a weak quarter with declining revenue and significant profit compression. Although QoQ recovery is visible, the sharp YoY decline highlights structural pressure on margins. The company maintains a strong balance sheet, but operational performance needs improvement for sustained growth.
Official Exchange Filing: Wendt (India) Ltd
Quarterly Performance Context
FISCAL YEAR
2025-2026
AUDIT STATUS
REVIEWED