Industrial Machinery company Wendt India announced Q2FY24 & H1FY24 results: Consolidated: Sales on a consolidated basis for Q2FY24 were Rs 5,040 lakh, which is down 3% YoY. The PAT on a consolidated basis for Q2FY24 was Rs 895 lakh, down 11% YoY. For H1FY24, total sales were Rs 10,122 lakh, reflecting a 2% increase compared to the corresponding period in the previous year, with a PAT of Rs 1,797 lakh, showing a 4% increase YoY. Standalone: Sales for Q2FY24 were Rs 4,589 lakh, which is down 3% YoY. Domestic sales during Q2FY24 were Rs 3,557 lakh, down 1% YoY. Exports during Q2FY24 were Rs 1,032 lakh, which is 9% lower YoY due to reduced demand from global customers, affected by a recession and slowdown in the USA, Taiwan, Russia, and Europe. The Profit After Tax (PAT) for Q2FY24 is Rs 858 lakh, which is down 8% YoY. For H1FY24, total sales were Rs 9,184 lakh, representing an increase of 2% on a YoY basis, with a PAT of Rs 1,726 lakh, showing a 6% increase YoY. Result PDF
Industrial Machinery company Wendt India announced Q1FY24 results: Consolidated Q1FY24: Company’s sales stood at Rs 5,082 lakh for Q1FY24 which is 7% higher than Q1FY23 PAT of Rs 902 lakh, which is 25% higher than Q1FY23. Standalone Q1FY24: Company achieved sales of Rs 4,595 lakh during Q1FY24, which is 7% higher than the Q1FY23. The domestic sales was Rs 3,409 lakh during Q1FY24, which is higher by 7% than Q1FY23. This is on account of higher sales to almost all user industries like auto, auto ancillary, cutting tools, engineering, bearings etc. Exports was Rs 1,186 lakh during Q1FY24, which is higher by 7% over Q1FY23. This is on account of higher exports to USA, UK, Taiwan, Indonesia, Thailand, Italy etc. Profit After Tax (PAT) for Q1FY24 is Rs 868 lakh, which is 25% higher than the Q1FY23. Result PDF
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
Industrial machinery company Wendt India announced Q3FY23 results: Standalone Q3FY23: The company achieved sales of Rs 4,691 lakh in Q3FY23, which is 30% higher than the corresponding quarter previous year (YoY). Domestic sales were Rs 3,470 lakh in Q3FY23, which is 24% higher than the corresponding quarter last year. Exports were Rs 1,221 lakh in Q3FY23, which is 47% higher over the corresponding quarter last year. Profit after tax (PAT) for the current quarter is Rs 1,145 lakh, which is 69% higher than the corresponding quarter last year (YoY). On a sequential basis (QoQ), the standalone sales for Q3FY23 is lower by 1% with PAT higher by 23% against Q2FY23. The company achieved total sales of Rs 13,710 lakh for the first nine months of FY23, which is 20% higher than the corresponding period last year, with PAT of Rs 2,767 lakh, 45% higher than the corresponding period last year. Consolidated Q3FY23: On a consolidated basis, the company’s sales stood at Rs 5084 lakh for the current quarter, which is 25% higher than the corresponding quarter previous year (YoY), with PAT of Rs 1,007 lakh, which is 81% higher than the corresponding quarter last year. On a sequential basis (QoQ), the consolidated sales for the quarter ended Q3FY23 is lower by 2%, with PAT higher by 1% against Q2FY23. The company achieved total sales of Rs 15,047 lakh for the first nine months of FY23, which is 16% higher than the corresponding period last year, with PAT of Rs 2,730 lakh, 39% higher than the corresponding period last year. Dividend: In line with the good performance, the board of directors are pleased to declare an interim dividend of Rs 30 per share (300% on face value of equity shares of Rs 10 each). Result PDF