Mukul Agrawal stock falls 7% after its net profit decreases by 63% YoY in Q3 FY26

SYNOPSIS: Wendt India reported higher Q3 FY26 revenue with sequential growth, while net profit improved QoQ but declined sharply YoY. The board also announced an interim dividend of Rs. 20 per share.

During Wednesday’s trading session, shares of a leading manufacturer of super abrasives, machining tools, and precision components slipped nearly 7 percent to hit a fresh 52-week low at Rs. 6,605.1 on BSE, after posting mixed Q3 FY26 results marked by a sharp sequential drop by over 63 percent YoY in net profit.

With a market cap of Rs. 1,394.88 crores, shares of Wendt (India) Limited closed in the red at Rs. 6,974.4 on BSE, down by around 2 percent, as against its previous closing price of Rs. 7,117.25. The stock has delivered negative returns of over 53 percent in the last one year, and has fallen by around 15 percent in the last one month.

Financial Performance for Q3 FY26

Wendt (India) Limited announced the financial results for the third quarter of FY26 on Wednesday during market hours, as per the latest regulatory filings with the stock exchanges.

For the quarter, the company posted a consolidated revenue from operations of Rs. 60.8 crores, reflecting a sequential growth of over 7 percent QoQ compared to Rs. 56.6 crores in Q2 FY26. Likewise, on a year-on-year basis, revenue grew nearly 14 percent from Rs. 53.4 crores recorded in Q3 FY25.

Net profit for Q3 FY26 stood at Rs. 3 crore, indicating a significant increase of around 11 percent QoQ from Rs. 2.7 crores in Q2 FY26, but a decline on a year-on-year basis by over 63 percent from Rs. 8.2 crores reported in Q3 FY25.

In Q2 FY26, the company’s revenue contribution was led by the Super Abrasives segment, accounting for 63 percent of total revenue. The Machines and Accessories segment contributed 16 percent, followed by the Precision Products segment at 12 percent, and the Other segment at 9 percent. Additionally, the company’s Board declared an interim dividend of Rs. 20 per share (200 percent on the face value of equity shares of Rs. 10 each).

Wendt (India) Limited, part of the Murugappa Group, is a leading manufacturer of super abrasives, machining tools, and precision components. It is a preferred supplier for many of the automobile, auto component, engineering, aerospace, and defence ceramics customers for their super abrasive tooling solutions, grinding & honing machines, and precision components. As per the December 2025 shareholding data available with the BSE, the ace investor Mukul Mahavir Agrawal holds a 2.5 percent stake in the company.

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