Wendt (India) Limited — Important, 21-07-2025: Updates

Wendt (India) Ltd. announced its financial results for the quarter. Standalone sales hit Rs 46.49 Cr, with PAT at Rs 4.95 Cr, down 34% YoY due to lower machine sales and brand amortization. Consolidated sales were Rs 51.63 Cr, with PAT at Rs 3.78 Cr, down 51% YoY. Domestic sales grew 3%, exports by 19%. The Board approved the declassification of Wendt GmbH as a promoter, reflecting their stake exit. Additionally, CEO Mr. Ninad Gadgil will step down effective September 15. The new German subsidiary incurred Rs 1.39 Cr in initial losses, while the Thailand subsidiary posted Rs 6.03 Cr sales and Rs 0.47 Cr PAT.