Wendt India

23 Jul 2022 , 09:34 AM

Consolidated net sales (including other operating income) of Wendt India for the quarter ended June 2022, has increased 12.65% to Rs 47.73 crore.??Sales of Super Abrasives segment has gone up 14.15% to Rs 32.02 crore (accounting for 67.04% of total sales).??Sales of Machines Accessories and components segment has gone down 6.28% to Rs 4.33 crore (accounting for 9.07% of total sales).??Sales of Others segment fell 8.16% to Rs 4.39 crore (accounting for 9.19% of total sales).??Sales of Precision Products segment has gone up 49.68% to Rs 7.02 crore (accounting for 14.70% of total sales).??Profit before interest, tax and other unallocable items (PBIT) has jumped 31.16% to Rs 9.47 crore.??PBIT of Super Abrasives segment rose 36.22% to Rs 6.77 crore (accounting for 71.49% of total PBIT).??PBIT of Machines Accessories and components segment fell 35.48% to Rs 0.20 crore (accounting for 2.11% of total PBIT).??PBIT of Others segment fell 37.04% to Rs 0.68 crore (accounting for 7.18% of total PBIT).??PBIT of Precision Products segment rose 111.63% to Rs 1.82 crore (accounting for 19.22% of total PBIT).??PBIT margin of Super Abrasives segment rose from 17.72% to 21.14%.??PBIT margin of Machines Accessories and components segment fell from 6.71% to 4.62%.??PBIT margin of Others segment fell from 22.59% to 15.49%.??PBIT margin of Precision Products segment rose from 18.34% to 25.93%.??Overall PBIT margin rose from 17.13% to 19.83%.??Operating profit margin has jumped from 22.26% to 23.55%, leading to 19.19% rise in operating profit to Rs 11.24 crore.??Raw material cost as a % of total sales (net of stock adjustments) decreased from 24.62% to 23.56%. ??Purchase of finished goods cost fell from 13.91% to 9.56%. ??Employee cost increased from 18.09% to 18.41%. ??Other expenses rose from 21.60% to 23.93%. ??Other income fell 49.50% to Rs 0.51 crore.??PBIDT rose 12.55% to Rs 11.75 crore.??Provision for interest remained nil.??PBDT rose 12.36% to Rs 11.73 crore.??Provision for depreciation fell 11.74% to Rs 2.03 crore.??Profit before tax grew 19.16% to Rs 9.70 crore.??Share of profit/loss were nil in both the periods.??Provision for tax was expense of Rs 2.47 crore, compared to Rs 2.14 crore.??Effective tax rate was 25.46% compared to 26.29%.Minority interest was nil in both the periods.??Net profit attributable to owners of the company increased 20.50% to Rs 7.23 crore.??Promoters stake was 75.00% as of 30 June 2022 ,compared to 75.00% as of 30 June 2021 .??

Wendt India : Consolidated Results

? Quarter ended Year ended Particulars 202206 202106 Var.(%) 202203 202103 Var.(%) Net Sales (including other operating income) 47.73 42.37 12.65 178.81 136.62 30.88 OPM (%) 23.55 22.26 129 bps 23.30 16.10 720 bps OP 11.24 9.43 19.19 41.67 22.00 89.41 Other Inc. 0.51 1.01 -49.50 3.87 3.96 -2.27 PBIDT 11.75 10.44 12.55 45.54 25.96 75.42 Interest 0.02 0 – 0.02 0.03 -33.33 PBDT 11.73 10.44 12.36 45.52 25.93 75.55 Depreciation 2.03 2.3 -11.74 8.61 8.93 -3.58 PBT 9.70 8.14 19.16 36.91 17 117.12 Share of Profit/(Loss) from Associates 0 0 – 0 0 – PBT before EO 9.7 8.14 19.16 36.91 17 117.12 EO Income 0 0 – 0 0 – PBT after EO 9.7 8.14 19.16 36.91 17 117.12 Taxation 2.47 2.14 15.42 9.84 4.23 132.62 PAT 7.23 6 20.50 27.07 12.77 111.98 Minority Interest (MI) 0 0 – 0 0 – Net profit 7.23 6 20.50 27.07 12.77 111.98 P/(L) from discontinued operations net of tax 0 0 – 0 0 – Net profit after discontinued operations 7.23 6 20.50 27.07 12.77 111.98 EPS (Rs)* 36.15 30.00 20.50 135.35 63.85 111.98 * EPS is on current equity of Rs 2.00 crore, Face value of Rs 10, Excluding extraordinary items. EPS is not annualised bps : Basis points EO : Extraordinary items Figures in Rs crore Source: Capitaline Corporate Database

Wendt India : Consolidated Segment Results

? Quarter ended Year ended % of (Total) 202206 202106 Var.(%) % of (Total) 202203 202103 Var.(%) Sales Super Abrasives 67.04 32.02 28.05 14.15 63.50 112.54 83.83 34.25 Machines Accessories and components 9.07 4.33 4.62 -6.28 13.85 24.54 38.89 -36.90 Others 9.19 4.39 4.78 -8.16 9.64 17.09 12.95 31.97 Precision Products 14.70 7.02 4.69 49.68 Total Reported Sales 100.00 47.76 42.14 13.34 100.00 177.24 135.67 30.64 Less: Inter segment revenues ? 0.26 0.00 – ? 0.00 0.00 – Net Sales 100.00 47.50 42.14 12.72 100.00 177.24 135.67 30.64 PBIT Super Abrasives 71.49 6.77 4.97 36.22 61.03 20.44 13.78 48.33 Machines Accessories and components 2.11 0.20 0.31 -35.48 13.23 4.43 6.06 -26.90 Others 7.18 0.68 1.08 -37.04 9.32 3.12 2.41 29.46 Precision Products 19.22 1.82 0.86 111.63 Total PBIT 100.00 9.47 7.22 31.16 100.00 33.49 22.25 50.52 Less : Interest 0.02 0.00 – 0.02 0.03 -33.33 Add: Other un-allcoable 0.25 0.92 -72.83 3.44 -5.22 LP PBIT Margin(%) Super Abrasives ? 21.14 17.72 342.47 ? 18.16 16.44 172.44 Machines Accessories and components ? 4.62 6.71 -209.10 ? 18.05 15.58 246.97 Others ? 15.49 22.59 -710.44 ? 18.26 18.61 -35.37 Precision Products ? 25.93 18.34 758.90 ? 23.84 0.00 2,384.05 PBT 100.00 9.70 8.14 19.16 100.00 36.91 17.00 117.12

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