Industrial Machinery company Wendt India announced Q4FY23 results: Standalone: The company achieved sales of Rs 19,095 lakh during FY23, which is 21% higher than FY22 The domestic sales recorded Rs 13,783 lakh during FY23, which is higher by 16% than FY22 Exports were Rs 5,312 lakh during FY23, higher by 34% over FY22. The higher exports was due to increase in sales to countries like USA, Russia, UK, Germany, Italy, Korea, etc The Profit After Tax (PAT) for FY23 is Rs 4,012 lakh, which is 48% higher than FY22 The company achieved total Sales of Rs 5,385 lakh for Q4FY23, which is 23% higher than Q4FY22 with PAT of Rs 1,245 lakh, 56% higher than Q4FY22 Consolidated: The company’s sales stood at Rs 20,761 lakh for FY23, which is 17% higher than FY22 with a PAT of Rs 4,009 lakh, which is 48% higher than FY22 The company achieved Sales of Rs 5,715 lakh for Q4FY23 which is 21% higher than Q4FY22 and PAT of Rs 1,279 lakh, which is 71% higher than Q4FY22 In line with the good performance, the Board of Directors have recommended final dividend of Rs 50/- per share (500% on face value of equity shares of Rs 10/- each) out of the current year’s profits. The payment of dividend is subject to the approval of shareholders in ensuing Annual General Meeting of the company to be held on 21st July’2023. With the Company having declared an interim dividend of Rs 30/- per share (300% on face value of equity shares of Rs 10/- each) at its Board Meeting held on 18th January’2023, the total dividend for the year ended March 31, 2023 is Rs 80/- per share (800% of the face value of equity shares of Rs 10/- each). Result PDF