Wonder Electricals Ltd (WEL) — concall transcript | 30 September 2024

· BSE 🟡 Notable Neutral
By StockFin Research Team AI-Assisted Analysis Source: BSE/NSE Filings
📢 Key Event
Wonder Electricals held its first earnings call after listing, reporting H1 FY25 results with 101% revenue growth and 2.68% EBITDA margin.
🔄 What Changed
Revenue grew 101% YoY to INR361 crores; EBITDA margin improved to 2.68%; BLDC fan sales surged 291% to 235,000 units; new TPW plant investment of INR3 crores announced.
🔮 What's Next
Management expects to maintain ~100% growth in FY25 and expand production capacity, including a new TPW facility, while diversifying into heaters and kettles to offset fan seasonality.
💡 Investor Takeaway
The company is leveraging strong demand and operational efficiency to drive growth, with plans to expand capacity and product lines while maintaining low customer concentration.

Wonder Electricals Limited reported H1 FY25 revenue of INR361 crores, a 101% YoY increase, with EBITDA margin at 2.68% and 32.95 lakh units sold, up from 15.98 lakh units in H1 FY24. Management highlighted strong demand driven by urbanization, PM Awas Yojana, and rising disposable incomes, particularly for energy-efficient BLDC fans which grew 291% YoY to 235,000 units. Capacity expansion plans include a new TPW manufacturing facility (INR3 crores investment) and leveraging internal accruals and bank funding for growth. Customer concentration is low with no single dominant client, and long-term contracts emphasize reliability and quality. The company aims to maintain ~100% growth in FY25 and expand into appliances like heaters and kettles to offset seasonality.

📄 View Original Announcement (PDF)

About Wonder Electricals Ltd (WEL)

Consumer Durables · Consumer Durables · Listed on BSE

Market Cap: ₹1,022.08 Cr P/E: 84.7 ROE: 14.4% ROCE: 13.5% Div Yield: 0.13%

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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