Wendt Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 25, 2016 at 07:04 pm IST
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Wendt (India) Ltd. reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, on standalone basis, the company reported total income from operations of INR 285.5 million against INR 251.8 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 24.4 million against INR 16.9 million a year ago. Profit from ordinary activates before tax was INR 27.2 million against INR 20.4 million a year ago. Net profit was INR 19.2 million or INR 9.65 per basic and diluted EPS before and after extraordinary items against INR 16.4 million or INR 8.18 per basic and diluted EPS before and after extraordinary items a year ago. The lower profit is due to the higher depreciation charge on account of the revised useful life of the assets.
For the nine months on standalone basis, the company reported total income from operations of INR 857.5 million against INR 766.1 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 82.5 million against INR 75 million a year ago. Profit from ordinary activates before tax was INR 114.8 million against INR 110.5 million a year ago. Net profit was INR 79.2 million or INR 39.62 per basic and diluted EPS before and after extraordinary items against INR 83.4 million or INR 41.69 per basic and diluted EPS before and after extraordinary items a year ago.
For the quarter on consolidated basis, the company reported total income from operations of INR 331.1 million against INR 296.3 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 30.9 million against INR 25.5 million a year ago. Profit from ordinary activates before tax was INR 34 million against INR 29.0 million a year ago. Net profit was INR 25 million or INR 12.53 per basic and diluted EPS before and after extraordinary items against INR 23.8 million or INR 11.89 per basic and diluted EPS before and after extraordinary items a year ago.
For the nine months on consolidated basis, the company reported total income from operations of INR 1,001.4 million against INR 909.6 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 114.7 million against INR 110.5 million a year ago. Profit from ordinary activates before tax was INR 125.4 million against INR 122.9 million a year ago. Net profit was INR 86 million or INR 43 per basic and diluted EPS before and after extraordinary items against INR 91.2 million or INR 45.57 per basic and diluted EPS before and after extraordinary items a year ago.
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.