Wendt Limited Announces Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 24, 2018 at 02:08 pm IST
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Wendt (India) Limited announced unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2017. For the quarter on standalone basis, the company reported total income of INR 316.6 million against INR 356.6 million a year ago. Profit before tax was INR 36.3 million against INR 32.2 million a year ago. Total comprehensive income was INR 24.4 million or INR 13.50 per basic and diluted share against INR 21.9 million or INR 10.97 per basic and diluted share a year ago. Profit after tax was INR 27.0 million compared to INR 21.9 million a year ago. Profit after tax (PAT) was at INR 27.0 million for the current quarter, higher by 23% over the corresponding quarter of last year. This is due to better product mix and cost rationalization measures introduced during this quarter.
For the nine months on standalone basis, the company reported total income of INR 970.7 million against INR 1,049.1 million a year ago. Profit before tax was 87.8 million against 110.7 million a year ago. Total comprehensive income was INR 58.0 million or INR 32.90 per basic and diluted share against INR 79.3 million or INR 39.67 per basic and diluted share a year ago. Profit after tax was INR 65.8 million compared to INR 79.3 million a year ago. PAT was INR 65.8 million, lower by 17% over the corresponding period last year.
For the quarter on consolidated basis, the company reported total income of INR 364.6 million against INR 392.4 million a year ago. Profit before tax was INR 44.5 million against INR 37.2 million a year ago. Total comprehensive income was INR 34.8 million or INR 16.50 per basic and diluted share against INR 22.8 million or INR 12.79 per basic and diluted share a year ago. Profit after tax was INR 33.0 million compared to INR 25.6 million a year ago. PAT was INR 33.0 million which is higher by 29% over the corresponding quarter of last year.
For the nine months on consolidated basis, the company reported total income of INR 1,100.0 million against INR 1,178.1 million a year ago. Profit before tax was INR 109.7 million against INR 130.1 million a year ago. Total comprehensive income was INR 82.2 million or INR 41.15 per basic and diluted share against INR 96.7 million or INR 47.26 per basic and diluted share a year ago. Profit after tax was INR 82.3 million compared to INR 94.5 million a year ago. PAT was INR 82.3 million, lower by 13% over the corresponding period last year.
Wendt (India) Limited is an India-based manufacturer of super abrasives, high precision grinding, honing, special purpose machines and high precision components. It operates through four segments: Super Abrasives, Machines, Accessories and Components, and Others. Its super abrasive products consist of diamond and cubic boron nitride (CBN) grinding wheels in various bonding systems, rotary dressers, stationary dressers, hones, and segmented products. Its machines include grinding machines, honing machines, profiling dressing machines and others. Its precision components include ferrous parts, non-ferrous precision parts, and others. Its star range of products includes single point dressers, natural point diamond dressers, chisel type dressers, cluster type dressers, multi-point indexable dressers, and others. Its allied products include machine refurbishing, accessories and equipment, finishing films and flaking. It serves various industries, including glass, steel, and aerospace.
WENDT (INDIA) LIMITED 
