Wise Travel India reported a 38% increase in consolidated net profit to ₹2,946.92 lakh for the year ended March 31, 2026, driven by a 51% surge in revenue from operations. The company’s revenue from operations rose to ₹82,652.62 lakh in FY26 from ₹54,858.90 lakh in the previous year, while total income increased to ₹83,206.89 lakh. The board approved the audited standalone and consolidated financial results for the year and half-year ended March 31, 2026.

The statutory auditors, M/s Raj Gupta & Co., Chartered Accountants, issued an audit report with an unmodified opinion on the financial statements. The board also approved the adoption of revised policies, including the Code of Conduct Policy, Risk Management Policy, and Related Party Transactions Policy.

Strategic Acquisition and Funding

The board approved the acquisition of a 100% equity stake in Wheels of Avalon Limousine Services L.L.C., Dubai, UAE, by WTI Rent A Car LLC, a wholly owned subsidiary. The total consideration for the acquisition is up to AED 560,000, payable in a phased manner, subject to statutory approvals. The target entity reported a turnover of 531,521.10 AED as of December 31, 2025.

To support its operations, the board approved the renewal of borrowing facilities from YES Bank Limited aggregating up to ₹20 crore and credit facilities from IDBI Bank Limited aggregating up to ₹2 crore for working capital requirements. Additionally, the company approved availing auto loan facilities from banks and financial institutions up to an aggregate amount of ₹200 crore for the acquisition of vehicles.

Financial Performance

The company’s standalone net profit for the year ended March 31, 2026, stood at ₹3,049.62 lakh, compared to ₹2,212.92 lakh in the previous year. Standalone revenue from operations increased to ₹73,093.96 lakh from ₹52,591.76 lakh. Earnings per equity share (basic and diluted) increased to ₹12.81 from ₹9.29 in the previous year.

The company reported that the entire balance of IPO proceeds yet to be utilized was nil as of March 31, 2026. The total IPO proceeds amounted to ₹9,468.27 lakh, with ₹7,300 lakh utilized for working capital requirements and ₹800 lakh for general corporate expenses.

Consolidated Financial Results (Year Ended March 31, 2026)

Wise , the global financial technology company, has achieved a significant milestone in its expansion plans for the Indian market. The company recently received in-principle approval from the Reserve Bank of India (RBI) to operate as a cross-border payment aggregator in the country.

Current Market Position

Wise has already established a strong foothold in India's international remittance sector, currently handling approximately 10.00% of inbound international remittances to the country. This substantial market share underscores the company's growing importance in facilitating cross-border financial transactions for Indian residents and businesses.

Expansion Plans

With the RBI's approval, Wise is poised to broaden its service offerings in India:

• Support for Exporters: The company plans to provide faster and more cost-effective international payment solutions for Indian exporters. This move is expected to streamline cross-border transactions and potentially reduce associated costs for businesses engaged in international trade.

• New Office in Hyderabad: As part of its commitment to the Indian market, Wise is expanding its physical presence in the country. The company is set to open a new office in Hyderabad, which will likely serve as a key hub for its operations in India.

Implications for Cross-Border Payments

The in-principle approval from the RBI marks a significant step for Wise in the Indian financial landscape. As a cross-border payment aggregator, the company will be able to offer a wider range of services, potentially including:

• Simplified international money transfers
• More competitive exchange rates
• Reduced processing times for cross-border transactions

This development comes at a time when India's role in global trade and remittances continues to grow, making efficient and cost-effective cross-border payment solutions increasingly important.

Wise's expansion in India, backed by regulatory approval, signals the company's commitment to enhancing its services in one of the world's largest remittance markets. As the company moves forward with its plans, it is expected to play an increasingly significant role in facilitating international financial flows for both individuals and businesses in India.