Wendt Q2 FY27: net profit up 103.3% to ₹5 crore, income up 26.8%

Earnings
Abrasives

Blacklitt Research21 October 20264 min read

Wendt (NSE: WENDT) reported consolidated net profit of ₹5.49 crore for the quarter ended 30 Sep 2026, up 103.3% from ₹2.70 crore a year earlier, on total income of ₹73.37 crore, up 26.8%. Standalone net profit was ₹6.29 crore, up 38.2%, on total income of ₹60.64 crore, up 17.6%.

Key highlights

Consolidated

Including its subsidiaries

Total income: ₹73.37 crore, up 26.8% from ₹57.88 crore in Q2 FY26.
Net profit: ₹5.49 crore, up 103.3% from ₹2.70 crore; down 11.2% from the June quarter.
EPS: ₹27.45 basic, against ₹13.47 a year earlier.
Tax as a share of profit before tax: 29.9%, against 38.8%.

Standalone

The company on its own, without its subsidiaries

Total income: ₹60.64 crore, up 17.6% from ₹51.57 crore.
Net profit: ₹6.29 crore, up 38.2% from ₹4.55 crore.
Machines and Accessories segment: a loss of ₹2.02 crore, against a loss of ₹1.31 crore a year earlier.
EPS: ₹31.45 against ₹22.74.

Summary

Consolidated ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	73.37	57.88	+26.8%	72.79	+0.8%
Revenue from operations	72.51	56.58	+28.2%	71.28	+1.7%
Other income	0.86	1.30	-33.8%	1.51	-43.0%
	5.49	2.70	+103.3%	6.18	-11.2%
Finance costs	0.01	0.01	0.0%	0.00	n/a
Depreciation	3.61	3.56	+1.4%	3.57	+1.1%
Tax expense	2.34	1.71	+36.8%	2.76	-15.2%
Net profit margin	7.48%	4.66%	+2.82 pp	8.49%	-1.01 pp
Tax as share of profit before tax	29.89%	38.78%	-8.89 pp	30.87%	-0.99 pp
EPS (₹)	27.45	13.47	+103.8%	30.90	-11.2%

Figures are in ₹ crore except EPS; YoY compares with Q2 FY26 and QoQ with Q1 FY27.

Income growth outpaced costs. Total income rose 26.8% to ₹73.37 crore, and total expenses rose 22.6% to ₹65.54 crore, so profit before tax rose 77.6% to ₹7.83 crore. Consolidated tax took 29.9% of pre-tax profit, against 38.8% a year earlier.

At 30 Sep 2026 consolidated cash and cash equivalents were ₹35.62 crore, against ₹27.66 crore at 31 Mar 2026. Inventories rose to ₹57.19 crore from ₹53.05 crore, and trade receivables to ₹60.64 crore from ₹54.23 crore. Consolidated investments fell to ₹41.97 crore from ₹47.44 crore.

On a standalone basis, operating cash flow in the half year was ₹12.96 crore, against ₹14.57 crore a year earlier, and the company spent ₹6.91 crore on property, plant and equipment. It put ₹13.30 crore into a subsidiary. Standalone cash fell to ₹2.41 crore from ₹5.23 crore at 31 Mar 2026, while standalone non-current investments rose to ₹33.34 crore from ₹20.04 crore.

The statements show no exceptional items in the quarter or the half year. Price Waterhouse Chartered Accountants LLP issued limited review reports on both sets of results, with no modification. For the consolidated results, the review relies in part on the reports of other auditors for two foreign subsidiaries, Wendt GmbH (Germany) and Wendt Grinding Technologies Ltd (Thailand).

The filing does not mention a dividend for the quarter. Standalone dividends paid in the half year were ₹2.00 crore, against ₹4.00 crore a year earlier.

Standalone ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	60.64	51.57	+17.6%	62.57	-3.1%
Revenue from operations	59.92	50.38	+18.9%	61.23	-2.1%
Other income	0.72	1.19	-39.5%	1.34	-46.3%
	6.29	4.55	+38.2%	8.00	-21.4%
Finance costs	0.01	0.01	0.0%	0.00	n/a
Depreciation	3.53	3.45	+2.3%	3.48	+1.4%
Tax expense	2.12	1.56	+35.9%	2.57	-17.5%
Net profit margin	10.37%	8.82%	+1.55 pp	12.79%	-2.41 pp
Tax as share of profit before tax	25.21%	25.53%	-0.32 pp	24.31%	+0.89 pp
EPS (₹)	31.45	22.74	+38.3%	40.00	-21.4%

Figures are in ₹ crore except EPS; YoY compares with Q2 FY26 and QoQ with Q1 FY27.

The Machines and Accessories segment's loss widened to ₹2.02 crore from ₹1.31 crore a year earlier, after a profit of ₹0.66 crore in the June quarter. The filing does not explain the change. Super Abrasives drove the growth: its revenue rose 22.1% to ₹45.72 crore from ₹37.44 crore, and its segment profit rose to ₹9.67 crore from ₹6.48 crore.

Standalone net profit was ₹6.29 crore, up 38.2% on the year, while consolidated net profit rose 103.3%. Consolidated profit is ₹0.80 crore below standalone. The auditor's report puts the net loss of the two foreign subsidiaries at ₹0.84 crore for the quarter, close to that gap, but the filing does not reconcile the two figures exactly.

What the results mean for shareholders

Consolidated basic EPS was ₹27.45 for the quarter, against ₹13.47 a year earlier. Standalone EPS was ₹31.45, against ₹22.74. The per-share figures move with the same profit changes shown above.

The filing gives no outlook, does not explain the Machines and Accessories loss, and names no dated next step.

Reference: Original filing (PDF)

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Wendt Q2 FY27: net profit up 103.3% to ₹5 crore, income up 26.8%

Key highlights

Consolidated

Standalone

Summary

What the results mean for shareholders

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