Wendt (India) Limited — Updates, 22-01-2025: Press Release

The Board of Directors of Wendt (India) Limited has approved the unaudited financial results for the quarter and nine months ended December 31, 2024. Standalone sales stood at Rs. 4,790 lakh, 3% lower YoY, with domestic sales declining by 8% to Rs. 3,544 lakh, largely due to lower demand from engineering, auto, and steel sectors. However, exports increased by 13% to Rs. 1,246 lakh, driven by higher demand from countries like the US and Spain. PAT for the quarter decreased by 14% YoY to Rs. 787 lakh. For the nine-month period, standalone sales slightly rose by 1% to Rs. 14,221 lakh, but PAT fell by 2% to Rs. 2,582 lakh.

On a consolidated basis, sales were Rs. 5,267 lakh, also reflecting a 3% YoY decline. PAT was reported at Rs. 822 lakh, down 14% from the previous year. Total consolidated sales for the nine months reached Rs. 15,620 lakh, while PAT stood at Rs. 2,659 lakh, down 4% compared to last year. Additionally, the Board has declared an interim dividend of Rs. 30 per share (300% on a face value of Rs. 10), reinforcing a solid shareholding return amid challenging market conditions. Investors should monitor operational trends closely as the business navigates this environment.