Wise Travel India Approves Dubai Acquisition and Releases FY26 Financial Results
Wise Travel India Limited announced the key outcomes of its Board meeting held on May 29, 2026. During the meeting, the company approved its audited standalone and consolidated financial results for the half-year and full year ended March 31, 2026. Operationally, the company also approved the acquisition of a significant stake in the Dubai-based luxury transport firm, Wheels of Avalon Limousine Services L.L.C.The Board approved the acquisition of a 100% equity stake in Wheels of Avalon Limousine Services L.L.C., located in Dubai, UAE. The acquisition will be executed by WTI Rent A Car LLC, a wholly owned subsidiary of Wise Travel India Limited. The total consideration for this acquisition is up to AED 560,000, which will be paid in a phased manner and will allow Wheels of Avalon Limousine Services L.L.C. to become a step-down wholly owned subsidiary of the company.
Financial Approvals and Facilities
In addition to approving the financial statements, the Board also approved several operational matters:- Financial Results: The company approved the audited standalone and consolidated financial results for the half-year and the financial year ended March 31, 2026.
- Policies: The Board approved and adopted revised policies, including the Code of Conduct Policy, Risk Management Policy, and Related Party Transactions Policy.
- Borrowing Facilities: The Board approved the renewal of borrowing facilities from YES Bank Limited, aggregating up to Rs. 20 Crores for working capital requirements, and the approval of auto loan facilities from banks/financial institutions up to an aggregate amount of Rs. 200 Crores for vehicle acquisition.
- Credit Facilities: Credit facilities from IDBI Bank Limited, aggregating up to Rs. 2 Crores for working capital, were also approved.
Financial Performance Overview (In Indian Rupees Lakhs)
The financial results for the year ended March 31, 2026, showed the following key performance indicators:| Particulars | Year Ended March 31, 2026 | Year Ended March 31, 2025 |
|---|---|---|
| Total Income | 83,206.89 | 55,447.05 |
| Total Expenses | 79,377.34 | 52,328.72 |
| Profit Before Tax | 382,955 | 311,832 |
| Profit for the Year | 2,946.92 | 2,334.61 |
Consolidated Balance Sheet Summary
The Consolidated Balance Sheet data highlights the financial standing of the group as of March 31, 2026.| Particulars | As at March 31, 2026 | As at March 31, 2025 |
|---|---|---|
| Total Shareholders' Fund | 20,144.13 | 17,197.20 |
| Total Non-Current Liabilities | 11,447.16 | 8,370.97 |
| Total Current Liabilities | 18,293.13 | 1,238,117 |
| Total Equity and Liabilities | 49,884.41 | 37,949.34 |
| Total Non-Current Assets | 18,287.87 | 14,021.23 |
| Total Current Assets | 31,596.55 | 23,928.12 |
| Total Assets | 49,884.41 | 37,949.34 |
Profit and Loss Statement Summary
The Consolidated Profit and Loss for the year demonstrates the company's revenue streams and expenses.| Particulars | Year Ended March 31, 2026 | Year Ended March 31, 2025 |
|---|---|---|
| Revenue from operations | (Amount not explicitly provided in Lakhs) | 54,858.90 |
| Other Income | 554.28 | 588.15 |
| Total Income | 83,206.89 | 55,447.05 |
| Total Expenses | 79,377.34 | 52,328.72 |
| Profit for the Year | 2,946.92 | 2,334.61 |
***
Note: All financial figures presented are in Indian Rupees Lakhs unless otherwise stated.
WTICAB Stock Price Movement
Shares of Wise Travel India Limited today slipped by 2.13% to settle at ₹93.8. The stock closed after seeing a total trading volume of 50,500 shares today.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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