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Wendt India Ltd Q2FY24; 11% fall in Profits

Wendt India is a leading manufacturer of Super Abrasives, Machining Tools, and Precision Components. It is a preferred supplier for many of the automobile, auto component, engineering, aerospace, defense ceramics customers for their Super Abrasive Tooling solutions, Grinding & Honing Machines, and Precision components.

Financial Results:

Wendt India Ltd reported Revenues for Q2FY24 of ₹51.00 Crores down from ₹52.45 Crore year on year, a fall of 2.76%.

Total Expenses for Q2FY24 of ₹40.68 Crores up from ₹40.02 Crores year on year, a rise of 1.65%.

Consolidated Net Profit of ₹8.95 Crores down 10.5% from ₹10.00 Crores in the same quarter of the previous year.

The Earnings per Share is ₹44.75, down 10.50% from ₹50.00 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.

*The presented data is automatically generated. It may occasionally generate incorrect information.

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