Wendt India Reports Annual Results And Dividend Proposal

28 Apr 2026 CW Team

Wendt India reported standalone sales of Rs 2,065.2 million (mn) for the year ended 31 March 2026, which was three per cent lower than the previous year. Domestic sales were Rs 1,646.5 mn, down two per cent, while exports amounted to Rs 418.7 mn, down four per cent. The company attributed the decline in sales to delays in customer clearance for dispatch of some machines. These operational delays affected timing of revenues during the year.

Profit after tax on a standalone basis was Rs 227.5 mn, a decline of 41 per cent from the prior year. The company attributed the reduction in profit to a change in product mix and an increase in costs. Management noted these factors constrained margin recovery despite stable sales volumes in parts of the business.

On a consolidated basis, sales were Rs 2,339.4 mn, broadly similar to the previous year, while consolidated profit after tax was Rs 145.5 mn, down 63 per cent. The board recommended a final dividend of Rs 10 per share, representing 100 per cent of the face value, subject to shareholder approval at the annual general meeting scheduled for 24 July 2026. An interim dividend of Rs 20 per share was declared in January 2026, taking the total dividend for the year to Rs 30 per share or 300 per cent of face value. The dividend reflects the board's assessment of cash flows and capital requirements.

Wendt India is part of the Murugappa Group, a 125 year old conglomerate with a presence across India and internationally, with group size stated as Rs 902 billion (bn) (901,780 mn). The group operates across agriculture, engineering, financial services and related sectors and lists ten companies, alongside other major subsidiaries and brands. The group reported a workforce of over 94,041 employees.

Infrastructure Transport

15 May 2026

MMRDA Removes 1.14 lakh m of Metro Barricades

In a bid to ease congestion and improve urban mobility during monsoon, MMRDA has undertaken one of the largest coordinated barricade removal and monsoon preparedness drives across its ongoing metro and infrastructure projects.With substantial progress achieved in viaduct and structural works across multiple metro corridors, barricades from completed stretches beneath metro viaducts are being systematically removed, restoring maximum possible road space before the monsoon. Wider carriageways across key arterial roads are expected to improve traffic flow, reduce congestion, support better rainwa..

Pune Division to Remove All Diamond Crossings by Year-End

The Pune railway division has announced plans to remove all 16 diamond crossings by the end of 2026 as part of a major yard remodelling project following the derailment of a Vande Bharat Express at Pune Junction on April 27. Railway authorities said the replacements aim to improve safety and streamline train operations across the busy station. The decision followed a Central Railway finding that the accident involved a non-standard diamond crossing and highlighted the need for replacement. Regular maintenance of existing crossings will continue until the replacement work is completed. Official..

Goa Declares 80 Million Square Metres No Development Zone

The Goa state government has declared 80 million square metres (mn) of land a no development zone, designating the area as protected from new construction. The notification reclassifies tracts across the state under a no development category for planning and regulatory purposes. The declaration signals a formal halt to new building permits within the defined zone. Authorities indicated that maps will be issued to show broad boundaries while detailed surveys will refine precise limits. The move transfers responsibility for enforcement to local planning authorities and relevant departments, whic..