Wise Travel India Limited — Investor Meet, 09-06-2025: Analysts/Institutional Investor Meet/Con. Call Updates

WTicabs reported 37.5% revenue growth to INR554 Cr with stable 11% EBITDA margin. PAT was affected by higher depreciation and finance costs due to fleet expansion. The fleet increased from 383 to 1,350 vehicles, including ~400 in Dubai, which operates at ~92% utilization and targets 8%-10% net margins. London operations have started with market testing. The premium Uber Black fleet is expanding, aiming for 12%-15% of revenues with better margins. Management aims for 30%-35%+ revenue CAGR, global growth, and improved efficiency. Receivables days are targeted to decline from ~95 to 75-80 days.