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.

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