Wonder Electricals first-half revenue rises 48%, profit triples

Wonder Electricals Limited reported standalone revenue from operations of Rs 369.56 crore for the half year ended September 30, 2026, up 48% from Rs 249.97 crore a year earlier, while profit after tax rose to Rs 4.60 crore from Rs 1.36 crore. Profit before tax increased to Rs 6.02 crore from Rs 1.63 crore.

What drove Wonder Electricals’ first-half revenue growth?

Wonder Electricals’ standalone revenue from operations increased by Rs 119.59 crore year on year to Rs 369.56 crore in the half year ended September 30, 2026. The company reported 48% growth from Rs 249.97 crore in the corresponding half year ended September 30, 2025, while total revenue including other income rose to Rs 369.62 crore from Rs 249.99 crore.

Wonder Electricals’ revenue differed between the two reported quarters of the half year. Revenue from operations was Rs 233.64 crore in the quarter ended June 30, 2026, compared with Rs 135.91 crore in the quarter ended September 30, 2026. The September-quarter figure was nevertheless above Rs 95.23 crore reported in the corresponding quarter of 2025.

How did Wonder Electricals’ profitability change in the first half?

Wonder Electricals’ standalone profit after tax increased to Rs 4.60 crore in the half year ended September 30, 2026 from Rs 1.36 crore in the prior-year period. Profit before tax rose by Rs 4.39 crore to Rs 6.02 crore, and reported basic and diluted earnings per share increased to Rs 0.34 from Rs 0.10 for the respective half years.

Total expenses rose to Rs 363.61 crore from Rs 248.36 crore, an increase of Rs 115.25 crore, compared with a Rs 119.63 crore rise in total revenue. Based on reported revenue from operations, profit after tax represented about 1.25% of first-half revenue in 2026, compared with about 0.55% in the corresponding 2025 period.

Cost of materials consumed remained Wonder Electricals’ largest reported expense at Rs 329.22 crore, up from Rs 215.83 crore a year earlier. Manufacturing expenses increased to Rs 10.87 crore from Rs 7.82 crore and employee benefits expense reached Rs 22.69 crore from Rs 18.68 crore, while finance costs declined to Rs 3.69 crore from Rs 4.11 crore.

What happened to Wonder Electricals’ cash and working capital?

Wonder Electricals’ standalone cash and cash equivalents fell to Rs 29.04 lakh at September 30, 2026 from Rs 28.48 crore at March 31, 2026. The cash-flow statement records a net decrease of Rs 28.19 crore during the six months, taking the closing balance to less than Rs 1 crore.

The cash-flow statement reports Rs 2.18 crore of net cash generated from operating activities for the half year ended September 30, 2026. It also records Rs 4.17 crore of net cash used in investing activities and Rs 26.20 crore of net cash used in financing activities, which together resulted in the reduction in cash and cash equivalents.

Trade receivables declined to Rs 229.17 crore at September 30 from Rs 249.39 crore at March 31, a reduction of Rs 20.22 crore. Inventories increased to Rs 76.04 crore from Rs 64.11 crore, short-term loans and advances rose to Rs 10.23 crore from Rs 3.68 crore, and short-term borrowings increased to Rs 99.79 crore from Rs 93.41 crore.

What does Wonder Electricals disclose about its business and capital?

Wonder Electricals reported one primary business segment, manufacturing of electrical appliances, in its standalone results for the period ended September 30, 2026. The notes state that PCB Control LLP is engaged in manufacturing printed circuit board cards, but the standalone filing does not provide separate revenue, profit or asset figures for that activity.

Wonder Electricals partially redeemed 150,000 5% non-convertible, non-participating and non-cumulative redeemable preference shares during the period. The redemption totalled Rs 1.50 crore, completed in two tranches of Rs 1 crore and Rs 50 lakh from company profits, and preference share capital stood at Rs 14.61 crore at September 30 compared with Rs 15.80 crore at March 31.

Standalone tangible property, plant and equipment was Rs 40.01 crore at September 30, down from Rs 42.12 crore at March 31. Right-of-use assets increased to Rs 3.04 crore from Rs 1.85 crore over the same period, while total standalone assets decreased to Rs 387.65 crore from Rs 413.24 crore.

How were Wonder Electricals’ results reviewed and what changed in governance?

Wonder Electricals’ statutory auditors stated that nothing came to their attention in their limited review to suggest the standalone unaudited results for the quarter and half year ended September 30, 2026 contained a material misstatement. The review was performed under Standard on Review Engagements 2410 and provides moderate assurance rather than an audit opinion.

The board approved the unaudited results on November 12, 2026. On the same date, Wonder Electricals appointed Rahul Prasad as company secretary and compliance officer, designated as key managerial personnel, and proposed the reappointment of Ankit Tiwari as an independent director for a second five-year term ending November 11, 2031, subject to shareholder approval.

Wonder Electricals also appointed Shobhit Batta and Abhijeet Kumar as additional non-executive independent directors on November 12, 2026. Their first five-year terms are scheduled to run through November 11, 2031, subject to shareholder approval, according to the board-meeting outcome.

Conclusion

Wonder Electricals reported substantially higher standalone first-half revenue and profit for the period ended September 30, 2026. Revenue increased by Rs 119.59 crore, while the Rs 115.25 crore increase in total expenses was smaller than the increase in total revenue; finance costs also declined by Rs 42 lakh to Rs 3.69 crore.

The next disclosure to watch is the company’s subsequent financial result, particularly its cash position after cash and cash equivalents fell to Rs 29.04 lakh at September 30 and financing activities used Rs 26.20 crore in the half year. Shareholders must also consider the independent-director appointments and reappointment proposed for terms ending November 11, 2031.