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Wendt (India) Limited operates in the industrial sector and has a market valuation of ¥1,669.75 Chromium The company announced earnings for the third quarter of 2023 and declared a hefty 300% dividend.
In its stock exchange filing, the company said, “In line with our good performance, the Board of Directors is pleased to announce an interim dividend of Rs. ¥10/- each.)”
“The record date for determining members eligible to receive the interim dividend is Tuesday, January 31, 2023. If shareholders elect NECS/ECS, the dividend will normally be paid by Tuesday, February 14, 2023. It will be credited to the account and will be shipped by Tuesday, February 14, 2023, if shareholders choose a physical payment method,” Wendt told the stock exchange.
The company’s stand-alone sales were Rs. For the quarter ended December 2022, he recorded turnover of Rs 46.91 crore, a 30% growth over the same period last year. Q3FY23 domestic sales total ¥3470 Raku, 24% growth from Q3FY22. In his nine months ending on 31 December 2022, the company generated a gross turnover of his Rs. 13710 Lak, up 20% over the same period last year, PAT was Rs.27.67 crore, up 45% over the same period.
The profit after tax (PAT) for the current quarter is Rs when compared to the same quarter last year. Rs 11.45 crore on a standalone basis, growth of 69%. (year-on-year). The company said the profit increase was primarily due to higher sales and a continued focus on operational efficiency measures and cost control. The quarter ended December 2022 saw exports of Rs. 12.21 million rupees, a 47% growth over the same period last year. Wendt said this was due to increased imports from countries such as the United States, Russia, Indonesia, the United Kingdom and Spain.
The company’s consolidated turnover was Rs. In the third quarter of FY23 he was Rs 50.84 crore, an increase of 25% from the third quarter of FY22. The PAT for the quarter was Rs. Rs 10.07 crore, an increase of 81% from the same quarter in 2022.
Wendt (India) also announced a partnership agreement with Lithoz GmbH, a global leader in ceramic 3D printers and materials. Wendt (India) said the partnership was signed to accelerate its business in the Indian 3D printing market, the partnership kicked off with the premiere of CeraFab System S65 and India’s major show at IMTEX (19-25 January) He said it would be kicked off by a live printing demo at the event, IMTEX (January 19-25). metal cutting industry.
Dr. Johannes Homa, CEO of Lithoz, said of the new partnership: He from India is very happy to work with the Wendt/Murugappa group. We also look forward to bringing their vast experience and business his network in the field of machinery and precision parts to our own work. He believes that the combined expertise of his leaders in the two markets will enable them to establish ceramic 3D printing as an alternative production technology, bringing significant value to both sectors. ”
On the NSE, shares of Wendt (India) closed Friday. ¥8,300.00 level, up 1.99% from the previous close ¥8,138.30.
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