Stock Report

Wendt India Ltd reports earnings for Q2FY22

Posted On : 2021-10-22 18:16:40( TIMEZONE : IST )

The Board of Directors of Wendt (India) Limited met today and approved the unaudited financial results for the quarter and half year ended 30th Sept'2021.

Standalone Results:

On a Standalone basis, the Company achieved sales of Rs.4073 lakhs during the Quarter ended 30th Sept'21, which is 40% higher than the corresponding quarter previous year (YoY). The domestic sales was Rs 2833 lakhs during the quarter ended 30th Sept'21, which is 29% higher than the corresponding quarter last year. This is on account of higher sales to almost all user industries like auto, auto ancillaries, bearings, engineering, steel, cutting tools etc.

Exports was Rs.1240 lakhs during the quarter ended 30th Sept'21, which is 74% higher over the corresponding quarter last year. This is on account of higher exports to USA, Russia, Indonesia, Germany etc.

Accordingly, the Profit After Tax (PAT) for the current quarter is Rs. 703 lakhs, which is 101% higher than the corresponding quarter last year (YoY).

On a Sequential basis (QoQ), the standalone sales for the quarter ended 30th Sept'21 is higher by 11% with PAT higher by 32% against Quarter ended 30th June'21 of the current year.

The Company achieved total Sales of Rs 7756 lakhs for the half year ended 30th Sept'2021 which is 61% higher than the corresponding period last year with PAT of Rs 1237 lakhs, 246% higher than the corresponding period last year.

Consolidated Results:

On a Consolidated basis, Company's sales stood at Rs. 4666 lakhs for the current quarter which is 44% higher than corresponding quarter previous year (YoY) with the PAT of Rs. 804 lakhs, which is significantly higher than the corresponding quarter last year.

On a Sequential basis (QoQ), the Consolidated sales for the quarter ended 30th Sept'21 is higher by 11% with PAT higher by 34% against Quarter ended 30th June'21 of the current year.

The Company achieved total Sales of Rs 8878 lakhs for the half year ended 30th Sept'2021 which is 62% higher than the corresponding period last year with PAT of Rs 1404 lakhs, 339% higher than the corresponding period last year.

Shares of Wendt (India) Limited was last trading in BSE at Rs. 4536.85 as compared to the previous close of Rs. 4301.00. The total number of shares traded during the day was 801 in over 275 trades.

The stock hit an intraday high of Rs. 4800.00 and intraday low of 4329.95. The net turnover during the day was Rs. 3658553.00.