Wendt Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 24, 2013 at 08:20 am EST
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Wendt (India) Ltd. reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, on standalone basis, the company reported total income of INR 225.8 million against INR 237.3 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 31.6 million against INR 46.8 million a year ago. Profit from ordinary activates before tax was INR 34.6 million against INR 52.8 million a year ago. Net profit for the period was INR 23.6 million or INR 11.80 per basic and diluted EPS after extraordinary items against INR 35.5 million or INR 17.76 per basic and diluted EPS after extraordinary items a year ago.
For the nine months on standalone basis, the company reported total income of INR 672.3 million against INR 736.1 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 104.2 million against INR 175.1 million a year ago. Profit from ordinary activates before tax was INR 115.2 million against INR 194.0 million a year ago. Net profit for the period was INR 79.3 million or INR 39.66 per basic and diluted EPS after extraordinary items against INR 131.3 million or INR 65.66 per basic and diluted EPS after extraordinary items a year ago.
For the quarter on consolidated basis, the company reported total income of INR 256.6 million against INR 265.7 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 39.3 million against INR 55.8 million a year ago. Profit from ordinary activates before tax was INR 42.0 million against INR 61.1 million a year ago. Net profit for the period was INR 29.0 million or INR 14.50 per basic and diluted EPS after extraordinary items against INR 43.1 million or INR 21.55 per basic and diluted EPS after extraordinary items a year ago.
For the nine months on consolidated basis, the company reported total income of INR 762.5 million against INR 822.6 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 132.8 million against INR 207.9 million a year ago. Profit from ordinary activates before tax was INR 142.8 million against INR 224.1 million a year ago. Net profit for the period was INR 101.2 million or INR 50.61 per basic and diluted EPS after extraordinary items against INR 154.1 million or INR 77.07 per basic and diluted EPS after extraordinary items a year ago.
Wendt (India) Limited is an India-based manufacturer of super abrasives, high precision grinding, honing, special purpose machines and high precision components. It operates through four segments: Super Abrasives, Machines, Accessories and Components, and Others. Its super abrasive products consist of diamond and cubic boron nitride (CBN) grinding wheels in various bonding systems, rotary dressers, stationary dressers, hones, and segmented products. Its machines include grinding machines, honing machines, profiling dressing machines and others. Its precision components include ferrous parts, non-ferrous precision parts, and others. Its star range of products includes single point dressers, natural point diamond dressers, chisel type dressers, cluster type dressers, multi-point indexable dressers, and others. Its allied products include machine refurbishing, accessories and equipment, finishing films and flaking. It serves various industries, including glass, steel, and aerospace.