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