Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

Wendt India Ltd Consolidated Q2 Sales up by 3% & PAT higher by 9%

Posted On: 2019-10-22 21:59:37


The Board of Directors of Wendt (India) Ltd met today and approved the unaudited financial results for the quarter and half year ended 30th Sept'2019.

On a Standalone basis, the Company achieved sales of Rs.3714 lakhs during the quarter ended 30th Sept'19 which is 6% higher than the corresponding period of last year. The domestic sales have been at Rs.2242 lakhs, which is 9% lower than the corresponding period of last year. This is on account of sluggish demand from Automobile and related sectors like Engineering & Cutting Tools. However, the export was 39% higher than the corresponding period of last year at Rs.1472 lakhs, mainly on account of higher offtake from South Korea, China, Taiwan & US.

Accordingly, the Profit After Tax (PAT) for the current quarter has been lower by 3% at Rs.431 lakhs.

The Company achieved total Sales of Rs 7078 lakhs for the half year ended 30th Sept'19 which is similar to the corresponding period last year with PAT of Rs 816 lakhs, 9% lower than the corresponding period last year.

On a Consolidated basis, Company's sales stood at Rs. 4234 lakhs for the current quarter which is 3% higher than the corresponding period of last year with the PAT of Rs.501 lakhs, which is 9% higher than the corresponding period last year.

The Company achieved total Sales of Rs. 8176 lakhs for the half year ended 30th Sept'19 which is similar to the corresponding period last year with PAT of Rs. 860 lakhs, which is 14% lower than the corresponding period last year.

Mr. K. Srinivasan would be stepping down as a Director from the Board effective closing hours of 22nd November 2019 in view of his retirement as the Managing Director of Carborundum Universal Ltd (CUMI) on that date. Consequently, based on the recommendation of the Nomination and Remuneration Committee, the Board has appointed Mr. N. Ananthaseshan as a Director in his place effective 23rd November 2019.

Shares of WENDT (INDIA) LTD. was last trading in BSE at Rs.3024.7 as compared to the previous close of Rs. 3105.15. The total number of shares traded during the day was 50 in over 10 trades.

The stock hit an intraday high of Rs. 3075 and intraday low of 3024.7. The net turnover during the day was Rs. 151996.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

Apollo Tyres aims for leadership in premium two-wheeler segment in India

Jaysynth Dyestuff India Ltd Board recommends Dividend of Rs. 0.15 for FY20

Jio Platforms receives over Rs. 1.5 lakh crore investment in 3 months

World Youth Skills Day: TCS iON Launches Youth Employability and Entrepreneurship Programme

ICICI Securities Primary Dealership Ltd Q1FY21 net profit surges to Rs. 345.08 crore

Federal Bank Ltd Q1FY21 consolidated PAT higher at Rs. 409.50 crore

Google to invest Rs. 33,737 crore in Jio Platforms Ltd

Indian Metals & Ferro Alloys Ltd postpones board meeting to July 27, 2020

Trigyn awarded - National Cooperative Purchasing Alliance (NCPA) - IT Services Contract

IFGL Refractories Ltd board to consider Q4FY20, FY2020 results, final dividend on July 18, 2020

Bandhan Bank Ltd reports Q1FY21 net profit of Rs. 549.81 crore

TCS Now Second Largest Among UK Software and IT Services Companies

Zydus Cadila receives final approval from USFDA for Betamethasone Dipropionate Ointment

Tata Consumer Products Ltd board to approve Q1FY21 results on Aug 4, 2020

Maruti Suzuki to proactively recall 134,885 units of WagonR and Baleno

NELCO Ltd board to approve quarterly results on July 31, 2020

Sonata Software Ltd board to announce 1st quarter results on Aug 10, 2020

Steel Strips Wheels Ltd bags news orders for mobile home market from USA

Havells India Ltd board to consider Q1FY21 results on July 27, 2020

Zydus starts the Human Dosing for Adaptive Phase I & II clinical trials

Chinese firm announces open offer to acquire shares of Thirdwave Financial Intermediaries Limited

Majesco Enables United Educators Digital Transformation Journey

Aarti Surfactants Ltd FY20 PAT at Rs. 2.09 crore

ICRA Limited Board approves audited financial results for Q4, FY2020

Oriental Hotels Ltd board to approve first quarter results on July 28, 2020

Indiamart Intermesh Ltd board to announce quarterly results on July 21, 2020

Bharti Infratel Ltd board to consider 1st quarter results on July 27, 2020

Monnet Ispat & Energy Ltd board to approve Q1FY21 results on July 21, 2020

ICRA Ltd Board approves Dividend of Rs. 27 for FY20

Vanguard and Infosys announce strategic partnership

India Ratings Downgrades HEG to 'IND AA-'/Stable

Prestige Estates subsidiary acquires equity stake in DB (BKC) Realtors Private Limited

Gujarat Hotels Ltd posts Rs. 0.87 crore PAT in Q1FY21

Oberoi Realty Ltd Q1FY21 consolidated PAT slides to Rs. 28.07 crore

YES Bank approves allocation of 3,415,384,614 Equity Shares to anchor investors

National Peroxide Ltd Board approves dividend of Rs. 12.50

Oberoi Realty Ltd board approves fund raising proposals

Suzlon Energy Limited allots 51,19,92,560 shares

CreditAccess Grameen Limited board to consider terms of NCD issue on July 17, 2020

IDFC First Bank Ltd board to announce Q1FY21 results on July 28, 2020

Oberoi Realty Ltd Q4FY20 consolidated PAT climbs to Rs. 250.96 crore

National Peroxide Ltd Q4FY20 net profit at Rs. 3.03 crore

AAI, BEL sign MoU for co-operation in Civil Aviation industry

Godrej Properties Ltd board to announce Q1FY21 results on Aug 5, 2020

Hero MotoCorp announced as the Title Partner of Hero Open

Opto Circuits India Ltd sinks to FY2020 loss of Rs. 1367.86 crore

Emami group completes stake sale in Emami Cement

ICICI Securities Ltd board to approve 1st quarter results on July 22, 2020

Chambal Fertilisers & Chemicals Ltd board to announce Q1FY21 results on July 29, 2020

Salasar Techno Engineering Ltd updates on tower supply agreement







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019