Wendt India added 2.80% to Rs 13,289.90 after the company's consolidated net profit jumped 4.61% to Rs 13.38 crore during the quarter as compared with Rs 12.79 crore in corresponding quarter last year.
Revenue from operations jumped 21.56% to Rs 69.47 crore in Q4 FY24 as compared with Rs 57.15 crore in Q4 FY23.Profit before tax stood at Rs 17.09 crore, up 3.76% YoY.
Total expenses were at Rs 54.80 crore in the fourth quarter of FY24, up 24.01% on YoY basis. Cost of materials consumed was at Rs 24.71 crore (up 46.21% YoY) and employee benefits expense came in at Rs 9.67 crore (up 9.27% YoY) during the period under review.
On FY24 basis, the companys consolidated net profit jumped 2.15% to Rs 40.95 crore on 8.29% increase in revenue from operations to Rs 224.82 crore in FY24 over FY23.
Meanwhile, the companys board has declared a final dividend of Rs 20 per share for the year ended 31 March 2024.
Wendt India known for its diversified and impressive Product Portfolio , Innovation strategy, strong Product Development, Personalized technical services and providing Technology Solutions in Grinding to its more than 750 direct customers in the domestic market. It has been a 37.5 37.5 joint venture between Wendt GmbH and Carborundum Universal (CUMI).
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