Wendt India CEO steps down, Q1 profit drops 34%

Wendt (India) Limited reported standalone sales rose 6% to Rs 4649 lakhs in Q1 FY2026, but profit fell 34% to Rs 495 lakhs. Consolidated sales increased 7% to Rs 5163 lakhs while profit dropped 51% to Rs 378 lakhs due to lower machine sales orders from steel projects.

Executive director and chief executive Ninad Gadgil will step down on September 15 to pursue external career opportunities. The board also approved declassification of German parent Wendt GmbH as a promoter following its complete disinvestment in May.