Wise Travel India FY26 revenue rises 51% to INR826 crore
Wise Travel India reported a 51% increase in consolidated revenue to INR826 crore for the financial year ended March 31, 2026. EBITDA rose 67% to INR99.1 crore, while profit after tax grew 26% to INR29 crore despite higher depreciation and finance costs. The company expanded its owned fleet to 1,932 vehicles and improved operating cash flows to over INR52 crore.
*this image is generated using AI for illustrative purposes only.
Wise Travel India reported a 51% increase in consolidated revenue to INR826 crore for the financial year ended March 31, 2026, driven by strong demand across all business segments. The company’s EBITDA grew 67% to INR99.1 crore, while profit after tax increased 26% to INR29 crore. This performance was supported by the expansion of the company’s own fleet, which grew from 1,226 vehicles to 1,932 vehicles during the year, and improved operating cash flows which turned positive at over INR52 crore compared to break-even levels in the previous year.
Financial Performance
The company’s total income increased from INR554 crore to INR832 crore in FY26. EBITDA margins improved marginally from 10.7% to 11.9%. The growth in profitability came despite significantly higher depreciation and finance costs resulting from the fleet expansion initiatives. Net worth increased from INR172 crore to INR201 crore, while the debt-to-equity ratio rose from 0.61 to 0.73 due to investments in fleet acquisition.
| Financial Metric (INR Crore) | FY26 | FY25 | Growth (%) |
|---|---|---|---|
| Revenue from Operations | 826 | 548 | 51% |
| Total Income | 832 | 554 | - |
| EBITDA | 99.1 | 59.5 | 67% |
| Profit After Tax | 29 | 23 | 26% |
| Net Worth | 201 | 172 | - |
Business and Operational Highlights
Management highlighted that the company is the largest mobility provider in the B2B space in India. The business operates across four primary verticals: car rental, employee transportation, long-term rentals and projects, and end-to-end mobility solutions. The company also operates a self-drive business in Dubai and partners with Uber for the Uber Black Fleet.
Subsidiary FleetPro achieved revenues of approximately INR97.7 crore with a deployed fleet of 825 vehicles, reporting an EBITDA of INR13 crore. The Dubai subsidiary, WTI Tech Car LLC, saw revenue almost double to approximately INR27 crore with a PAT of INR1.28 crore and a deployed fleet of around 400 vehicles.
Future Outlook
Looking ahead, the company plans to add at least another 1,000 cars in the current financial year. Management expects revenue growth of 30% to 35% year-on-year. For the coming year, the company anticipates consolidated EBITDA margins to reach the 20% to 25% range, with PAT margins expected between 5% and 7%. The company also indicated that it may consider dividends in the next two to three years as it continues to expand.
Historical Stock Returns for Wise Travel India
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.33% | +40.49% | +49.09% | -4.01% | -4.57% | -35.78% |
How will the rising debt-to-equity ratio impact the company's ability to secure financing for future fleet expansions?
What specific strategies will be implemented to achieve the projected EBITDA margin increase from 11.9% to the 20-25% range?
Will the company explore diversifying beyond the B2B segment to mitigate risks associated with corporate demand fluctuations?
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