Wendt India Limited , a leading manufacturer of super abrasives, precision components, and special purpose machines, has reported its financial results for the second quarter of fiscal year 2026, revealing a mixed performance amid challenging market conditions.

Standalone Performance

For the quarter ended September 30, 2025, Wendt India reported standalone sales of Rs 4,986.00 lakhs, maintaining similar levels compared to the same period last year. However, the company's standalone profit after tax (PAT) saw a significant decline of 57%, dropping to Rs 455.00 lakhs from Rs 1,050.00 lakhs in Q2 FY25.

The company's domestic sales remained stable at Rs 3,922.00 lakhs, while exports experienced a 5% decrease, reaching Rs 1,064.00 lakhs. Wendt India attributed this decline to volatile geopolitical conditions and reduced demand from key markets such as Indonesia, the UK, and Eastern Europe.

Consolidated Results

On a consolidated basis, Wendt India's performance showed modest growth in sales but a substantial decline in profitability:

Half-Year Performance

For the first half of FY26, Wendt India reported:

Factors Affecting Profitability

The company cited two main factors for the decrease in profitability:

1. Lower mix of machine sales
2. Amortization of the Wendt brand

Segment Performance

Wendt India operates in three primary segments:

1. Super Abrasives
2. Machines and Accessories
3. Precision Products

While specific segment-wise performance details were not provided, the company's overall results suggest challenges in the Machines and Accessories segment, given the mention of a lower mix of machine sales impacting profitability.

Outlook

Despite the challenging quarter, Wendt India's ability to maintain sales levels in a volatile global market environment demonstrates the company's resilience. However, the significant decline in profitability may prompt the company to focus on cost optimization and exploring new growth opportunities in the coming quarters.

Wendt (India) Limited , a leading manufacturer of super abrasives and precision components, has announced a significant change in its ownership structure. Both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) have granted approval for the declassification of Wendt GmbH from the 'Promoter' category.

Exchange Approvals

The company received formal approval letters from both major Indian stock exchanges on September 22, 2025:

• NSE issued approval letter NSE/LIST/COMP/WENDT/500/2025-2026
• BSE issued approval letter LIST/COMP/AJ/463/2025-26

These approvals mark the culmination of a process that began earlier in the year, with the company's initial correspondence regarding the declassification dating back to June and July 2025.

Implications of Declassification

The declassification of Wendt GmbH from the 'Promoter' category represents a notable shift in Wendt (India) Limited's ownership structure. This change could potentially impact the company's governance and shareholding patterns, although the specific implications were not detailed in the announcement.

Company's Official Statement

In an official communication to the stock exchanges, P Arjun Raj, Company Secretary of Wendt (India) Limited, stated:

"We wish to inform you that National Stock Exchange of India Limited ("NSE") and BSE Limited ("BSE") have granted their respective no-objection for the declassification of the Outgoing Promoter viz., M/s. Wendt GmbH from 'Promoter Category'."

Background

Wendt (India) Limited, with its registered office in Bangalore and manufacturing facilities in Hosur, Tamil Nadu, is known for its super abrasives and precision components. The company has been navigating this change in its promoter structure over the past few months.

While the full impact of this declassification remains to be seen, it marks a significant corporate action for Wendt (India) Limited. Investors and market watchers will likely keep a close eye on any subsequent changes in the company's operations or strategic direction following this development.