Wonder Electricals' profit drops 88.66% QoQ as revenue falls 41.81%
Costs declined slightly slower than revenue, while higher interest and tax rates further reduced pre-tax and net profit.
Filed 12 Nov 2026, 14:04 IST · Wonder Electricals Ltd (WEL)
Key takeaways
- Consolidated net profit fell 88.66% sequentially to Rs 0.45 cr as revenue declined 41.81%.
- Operating margin narrowed 0.37 percentage points to 3.52% because expenses fell less than revenue.
- Wonder Electricals' operating margin was 7.71 percentage points below the 11.23% median for 329 reported Consumer Discretionary peers.
Price around the results
Revenue contraction drove the sharp profit decline
Wonder Electricals reported consolidated revenue of Rs 135.91 cr in Q2FY27, down 41.81% sequentially. Expenses fell 41.59%, but the smaller decline than revenue left operating profit down 47.25% to Rs 4.79 cr. Net profit fell 88.66% to Rs 0.45 cr, with EPS declining 90.00% to Rs 0.03.
Costs, interest and tax all added pressure
Interest rose 11.30% to Rs 1.97 cr and depreciation increased 2.31% to Rs 2.21 cr, weighing on profit before tax. The tax rate rose 10.79 percentage points to 33.66%, adding to the sharper fall in net profit.
Margin remains below the Consumer Discretionary peer median
The company's 3.52% operating margin was 7.71 percentage points below the 11.23% median among 329 Consumer Discretionary peers that had reported. Sequentially, margin moved down from 3.89% in Q1FY27 to 3.52% in Q2FY27. Other income was 10.45% of pre-tax profit, so it provided only a limited offset to the operating and financing pressures.
Q2FY27 at a glance
Consolidated figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 | Q1FY27 | QoQ |
|---|---|---|---|
| Revenue | ₹136 cr | ₹234 cr | -41.81% |
| Other income | ₹0 cr | ₹0 cr | — |
| Expenses | ₹131 cr | ₹224 cr | -41.59% |
| Operating profit | ₹5 cr | ₹9 cr | -47.25% |
| Operating margin (%) | 3.52% | 3.89% | — |
| Interest | ₹2 cr | ₹2 cr | +11.30% |
| Depreciation | ₹2 cr | ₹2 cr | +2.31% |
| Profit before tax | ₹1 cr | ₹5 cr | -86.99% |
| Tax | ₹0 cr | ₹1 cr | -80.51% |
| Net profit | ₹0 cr | ₹4 cr | -88.66% |
| EPS (₹) | ₹0.03 | ₹0.30 | -90.00% |
Operating margin of 3.52% compares with a Consumer Discretionary sector median of 11.23% across 329 peers that have reported Q2FY27.
What to watch
- Whether operating margin recovers from 3.52% after the 0.37-percentage-point sequential decline.
- Whether expenses continue to fall more slowly than revenue, after declines of 41.59% and 41.81%, respectively.
- Whether interest moderates from Rs 1.97 cr after rising 11.30% sequentially.