Wendt (India) Q4 PAT jumps 41% YoY to Rs 7.4 cr

23 Apr 2022 , 01:56 PM

Net sales grew by 4.3% to Rs 47.3 crore in Q4 FY22 as compared to Rs 45.37 crore registered in Q4 FY21. Profit before tax grew by nearly 47% to Rs 10.28 crore in Q4 FY22 over Q4 FY21.

Total expenses for Q4 FY22 declined by 1.7% year on year to Rs 36.35 crore in Q4 FY22.

On a full year basis, the Murugappa Group companyreported a 112% jump in consolidated net profit to Rs 27.07 crore on a 30.6% rise in net sales to Rs 177.24 crore in financial year ended 2022 over financial year ended 2021.

Meanwhile, the board has of directors has recommended a final dividend of Rs 45 per share for the financial year ended 31 March 2022.

Wendt India has reclassified its business into three verticals: super abrasives (diamond & CBN wheels), machine tools (grinding, dressing & honing) & precision components (hardened and ground flanges).

Shares of Wendt rallied 3.8% to end at Rs 6,388.7 on Friday. In last one year, the counter has surged 104% as compared to a 19.2% rise in Nifty 50 index.

Powered by Capital Market – Live News