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The company's consolidated net profit for the year ended March 2022 was Rs 27.07 crore, up 112% YoY. Revenue from operations was up 15.8% QoQ and 4.7% YoY to Rs 47.75 crore in Q4 FY22. The revenue for FY 2022 was up 30.9% to Rs 178.81 crore as against Rs 136.62 crore earned in FY 2021.
Total expenses for Q4 FY22 rose 11% QoQ while declined 2% YoY to Rs 38.41 crore.
The board recommended a final dividend of Rs 45 per equity share for the financial year ended 31 March 2022.
Wendt India is a leading manufacturer of Super Abrasives, High precision Grinding, Honing, Special Purpose Machines and High Precision components.
On consolidated basis, the company reported 40.9% rise in net profit to Rs 7.47 crore on 4.3% increase in net sales to Rs 47.30 crore in Q3 FY22 over Q3 FY21.
Shares of Wendt (India) were trading 3.8% higher at Rs 6,388.70 on Friday.
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