Murugappa Group company Wendt (India) Ltd has reported 13.79 per cent decline in consolidated net profit at Rs 2.50 crore for the third quarter ended December 31.
The city-based company had reported net profits at Rs 2.90 crore during the corresponding period of previous year, Wendt (India) said in a statement.
For the nine month period ended December 31, 2013 the net profits of the company stood at Rs 9.63 crore as against Rs 10.12 crore registered during the same period of previous year.
The consolidated total income from operations for the third quarter ending December 31, 2013 remained flat at Rs 25.63 crore as against Rs 25.79 crore registered during the corresponding period of previous year.
For the nine month period ending December 31, 2013 the consolidated total income from operations grew to Rs 80.20 crore from Rs 76.63 crore.
The Board of Directors at its meeting held today, recommended an interim dividend of Rs 10 per share (100 per cent on face value of equity share of Rs 10 each), the statement said.
Shares of the company ended at Rs 1,148.75 apiece, down by 2.24 per cent over previous close on the BSE today.
