Wendt Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2011
January 26, 2012 at 07:32 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, 2011. For the quarter on standalone basis, the company reported total income of INR 241.9 million against INR 226.2 million a year ago. Profit from operations before interest and exceptional items were INR 50.2 million against INR 76.7 million a year ago. Net profit for the period was INR 35.5 million or INR 17.76 per basic and diluted EPS after extraordinary items against INR 44.2 million or INR 22.07 per basic and diluted EPS after extraordinary items a year ago.
For the nine months on standalone basis, the company reported total income of INR 747.6 million against INR 608.8 million a year ago. Profit from operations before interest and exceptional items were INR 182.3 million against INR 163.5 million a year ago. Net profit for the period was INR 131.3 million or INR 65.66 per basic and diluted EPS after extraordinary items against INR 117.0 million or INR 58.48 per basic and diluted EPS after extraordinary items a year ago.
For the quarter on consolidated basis, the company reported total income of INR 270.4 million against INR 251.7 million a year ago. Profit from operations before interest and exceptional items were INR 59.7 million against INR 72.7 million a year ago. Net profit for the period was INR 43.1 million or INR 21.55 per basic and diluted EPS after extraordinary items against INR 49.9 million or INR 24.98 per basic and diluted EPS after extraordinary items a year ago.
For the nine months on consolidated basis, the company reported total income of INR 834.2 million against INR 682.1 million a year ago. Profit from operations before interest and exceptional items were INR 215.2 million against INR 188.4 million a year ago. Net profit for the period was INR 154.1 million or INR 77.07 per basic and diluted EPS after extraordinary items against INR 195.3 million or INR 65.32 per basic and diluted EPS 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.