WTICAB
Wise Travel financials
- Market cap
- ₹242 Cr
- Sector
- Services
- Calls analysed
- 2
Wise Travel Q4 FY26
What went well
- Consolidated revenues from operations increased 51% YoY to ₹826 crores in FY26, up from ₹548 crores last year.
- EBITDA grew substantially by 67% YoY to ₹99.1 crores from ₹59.5 crores in FY25, with margins improving from 10.7% to 11.9%.
- Profit after tax (PAT) increased 26% YoY to ₹29 crores from ₹23 crores in FY25.
What to watch
- Higher depreciation and finance costs impacted PAT growth, stemming from fleet expansion initiatives.
- Debt-to-equity ratio increased from 0.61 to 0.73 due to increased borrowings for fleet acquisition and growth investments.
What Wise Travel does
Wise Travel India Ltd. (WTicabs) runs a technology-enabled, asset-light corporate mobility platform offering car rental, employee transportation, project/site commute and airport pickup-drop services to enterprises. It operates a mixed fleet of owned and vendor-operated vehicles managed through GPS/IoT tracking, app-based booking and route optimisation, serving corporate clients pan-India and, through wholly-owned subsidiaries, in Dubai (WTi Rent a Car LLC) and London (WTi Mobility UK Ltd).
Segments
- Employee Transportation Services (ETS)
- Car Rental / Fleet Solutions
- Airport Pickup & Drop (Airport CRD)
- Project/Site Commute Services
- FleetPro
- Long-Term Rental (LTR)
- Mobility Service Provider (MSP)
- Dubai operations
- Vehicle fleet network
- 14,500+
- Fleet ownership mix
- 13% company-owned / 83% vendor-operated
- Owned fleet (FY26)
- 1,932 vehicles (up from 1,226 in FY25)
- Corporate clients served
- 800+
- Service locations
- 250+ locations across India, UAE & UK
- Airport counters
- 20+
Guidance record · Q4 FY26
what the last two calls moved 11 tracked 1 delivered 5 missed 5 open- CAGR Revenue Growth delivered said Q4 FY25 Promised: 30-35% Q4 FY26: Consolidated revenues from operations increased 51% YoY to ₹826 crores in FY26, exceeding the target range. The guidance was also reiterated for coming years.
- PAT Margins missed said Q4 FY25 Promised: better Q4 FY26: PAT margin declined to 3.51% in FY26 from 4.20% in FY25, contrary to the promise of improvement. The decline was attributed to higher depreciation and finance costs.
- Consolidated EBITDA Margin open said Q4 FY26 Promised: 20% to 25% Q4 FY26: And EBITDA again, consolidated EBITDA should be somewhere around 20% to 25%.
All 11 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q4 FY26: revenue up 77.7%, net profit up 23.1% against the same quarter last year.
| Line item | Q2 FY24 | Q4 FY24 | Q2 FY25 | Q4 FY25 | Q2 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 190 | 220 | 241 | 285 | 340 +79% | 391 +78% |
| EBITDA | 22 | 22 | 20 | 26 | 34 +55% | 37 +68% |
| Net profit | 11 | 13 | 10 | 12 | 15 +36% | 16 +23% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −40.9% 1Y
1Y: ₹173.95 on 10 Sept 2025 → ₹102.85. High ₹173.95 (10 Sept 2025), low ₹76.05 (30 Mar 2026).
How the price took the results
close before → close after
- Q4 FY26
- +4.4%
- 16 Jun
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹3 Cr | ₹3 Cr | ₹3 Cr | ₹24 Cr | ₹24 Cr | ₹24 Cr |
| Reserves | ₹22 Cr | ₹25 Cr | ₹37 Cr | ₹126 Cr | ₹162 Cr | ₹178 Cr |
| Borrowings | ₹7 Cr | ₹4 Cr | ₹26 Cr | ₹27 Cr | ₹138 Cr | ₹89 Cr |
| Other liabilities | ₹21 Cr | ₹28 Cr | ₹51 Cr | ₹65 Cr | ₹130 Cr | ₹135 Cr |
| Total liabilities | ₹53 Cr | ₹60 Cr | ₹118 Cr | ₹242 Cr | ₹454 Cr | ₹426 Cr |
| Fixed assets | ₹11 Cr | ₹12 Cr | ₹21 Cr | ₹20 Cr | ₹147 Cr | ₹81 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹13 Cr | ₹36 Cr |
| Other assets | ₹41 Cr | ₹48 Cr | ₹96 Cr | ₹221 Cr | ₹294 Cr | ₹309 Cr |
| Total assets | ₹53 Cr | ₹60 Cr | ₹118 Cr | ₹242 Cr | ₹454 Cr | ₹426 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Mar 2026
Since Mar 2025, promoters trimmed −0.72 pp while DIIs added +0.57 pp. The shareholder count shrank 5% to 2,148.
- Promoters
- 69.3%
- DIIs
- 1.5%
- Public
- 29.2%
Since Mar 2025
- Promoters −0.72 pp
- DIIs +0.57 pp
- Public +0.25 pp
How it drifted, 5 quarters
Over this window the public went from 24.3% to 29.2% — +5.0 pp.
Ownership split by quarter, oldest first. Mar '24: Promoters 69.8%, FIIs 1.9%, DIIs 4.1%, Public 24.3%.Sep '24: Promoters 69.8%, FIIs 0.1%, DIIs 0.5%, Public 29.7%.Mar '25: Promoters 70.0%, FIIs 0.1%, DIIs 1.0%, Public 29.0%.Sep '25: Promoters 70.0%, FIIs 0.0%, DIIs 1.6%, Public 28.4%.Mar '26: Promoters 69.3%, DIIs 1.5%, Public 29.2%.
Who bought this quarter
since Sep 2025
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Huf newly disclosed 1.29% held
- Ashok Vashist +0.40 pp 39.23% held
The same filing shows 2 holders trimming and 3 off the list — both are in the register beside this.
Who is on the register
Named in the Mar 2026 filing
Every holder of Wise Travel above SEBI's 1% disclosure line, and what changed since Sep 2025.
| Holder | Stake | Change |
|---|---|---|
| Ashok Vashist | 39.23% | +0.40 pp |
| Vivek Laroia | 18.82% | −0.78 pp |
| Hema Bisht | 11.12% | −0.35 pp |
| Huf | 1.29% | newly disclosed |
| Sudha Vashist | 0.03% | unchanged |
| Rohit Ohri | 0.03% | unchanged |
| Pinki Laroia | 0.02% | unchanged |
| Swarn Ohri | 0.00% | unchanged |
| Anu Vats | 0.00% | unchanged |
| Neelkanth Vashist | 0.00% | unchanged |
| Rajdulari | 0.00% | unchanged |
| Diksha Vashist | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
What the price assumes
- Growth the price implies
- -12.1% a year
- for 7 years, fading to 4%
- It has actually compounded at
- Not enough history
- The gap
- —
- between what it did and what it must do
All earnings calls (2)
Read the Q4 FY26 call →Learn to analyse Wise Travel
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