Other income rose 6.59% to Rs 0.97 crore.  PBIDT rose 19.19% to Rs 15.34 crore.  Provision for interest remained nil.  PBDT rose 19.28% to Rs 15.34 crore.  Provision for depreciation fell 9.77% to Rs 1.94 crore.  Profit before tax grew 25.12% to Rs 13.40 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 3.4 crore, compared to Rs 2.67 crore.  Effective tax rate was 25.37% compared to 24.93%. Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 24.38% to Rs 10.00 crore.  

• Sales of Super Abrasives segment has gone up 5.76% to Rs 33.06 crore (accounting for 63.32% of total sales).  Sales of Machines Accessories and components segment has gone up 36.42% to Rs 7.23 crore (accounting for 13.85% of total sales).  Sales of Others segment fell 7.48% to Rs 4.45 crore (accounting for 8.52% of total sales).  Sales of Precision Products segment has gone up 31.75% to Rs 7.47 crore (accounting for 14.31% of total sales).  
• Profit before interest, tax and other unallocable items (PBIT) has jumped 22.45% to Rs 12.49 crore.  PBIT of Super Abrasives segment rose 8.24% to Rs 7.49 crore (accounting for 59.97% of total PBIT).  PBIT of Machines Accessories and components segment rose 112.79% to Rs 1.83 crore (accounting for 14.65% of total PBIT).  PBIT of Others segment fell 24.21% to Rs 0.72 crore (accounting for 5.76% of total PBIT).  PBIT of Precision Products segment rose 66.67% to Rs 2.45 crore (accounting for 19.62% of total PBIT).  
• PBIT margin of Super Abrasives segment rose from 22.14% to 22.66%.  PBIT margin of Machines Accessories and components segment rose from 16.23% to 25.31%.  PBIT margin of Others segment fell from 19.75% to 16.18%.  PBIT margin of Precision Products segment rose from 25.93% to 32.80%.  Overall PBIT margin rose from 21.68% to 23.92%. 

Half yearly performance

Net sales (including other operating income) of Wendt India has increased 11.51% to Rs 100.18 crore.  Sales of Super Abrasives segment has gone up 9.73% to Rs 65.08 crore (accounting for 65.10% of total sales).  Sales of Machines Accessories and components segment has gone up 16.53% to Rs 11.56 crore (accounting for 11.56% of total sales).  Sales of Others segment fell 7.82% to Rs 8.84 crore (accounting for 8.84% of total sales).  Sales of Precision Products segment has gone up 39.86% to Rs 14.49 crore (accounting for 14.49% of total sales).  

Profit before interest, tax and other unallocable items (PBIT) has jumped 26.06% to Rs 21.96 crore.  PBIT of Super Abrasives segment rose 19.93% to Rs 14.26 crore (accounting for 64.94% of total PBIT).  PBIT of Machines Accessories and components segment rose 73.50% to Rs 2.03 crore (accounting for 9.24% of total PBIT).  PBIT of Others segment fell 31.03% to Rs 1.40 crore (accounting for 6.38% of total PBIT).  PBIT of Precision Products segment rose 83.26% to Rs 4.27 crore (accounting for 19.44% of total PBIT).  

PBIT margin of Super Abrasives segment rose from 20.05% to 21.91%.  PBIT margin of Machines Accessories and components segment rose from 11.79% to 17.56%.  PBIT margin of Others segment fell from 21.17% to 15.84%.  PBIT margin of Precision Products segment rose from 22.49% to 29.47%.  Overall PBIT margin rose from 19.53% to 21.97%.  

Operating profit margin has jumped from 23.81% to 25.56%, leading to 19.73% rise in operating profit to Rs 25.61 crore.  Raw material cost as a % of total sales (net of stock adjustments) decreased from 24.37% to 23.94%.   Purchase of finished goods cost fell from 11.89% to 10.19%.   Employee cost decreased from 18.30% to 17.83%.   Other expenses rose from 21.81% to 22.26%.   

Other income fell 22.92% to Rs 1.48 crore.  PBIDT rose 16.22% to Rs 27.09 crore.  Provision for interest rose 100% to Rs 0.02 crore.   PBDT rose 16.18% to Rs 27.07 crore.  Provision for depreciation fell 10.79% to Rs 3.97 crore.   Profit before tax grew 22.55% to Rs 23.10 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 5.87 crore, compared to Rs 4.81 crore.  Effective tax rate was 25.41% compared to 25.52%. Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 22.72% to Rs 17.23 crore.  

Equity capital stood at Rs 2.00 crore as of 30 September 2022 to Rs 2.00 crore as of 30 September 2021.  Per share face Value remained same at Rs 10.00.  

Promoters’ stake was 75.00% as of 30 September 2022 ,compared to 75.00% as of 30 September 2021 .  

Loan funds remained nil.  Inventories rose to Rs 31.70 crore as of 30 September 2022 from Rs 26.35 crore as of 30 September 2021.  Sundry debtors were higher at Rs 36.20 crore as of 30 September 2022 compared to Rs 32.46 crore as of 30 September 2021.  Cash and bank balance rose to Rs 14.30 crore as of 30 September 2022 from Rs 13.52 crore as of 30 September 2021.  Investments rose to Rs 66.43 crore as of 30 September 2022 from Rs 45.54 crore as of 30 September 2021 .  Fixed assets increased to Rs 56.10 crore as of 30 September 2022 from Rs 55.64 crore as of 30 September 2021.  Intangible assets declined from Rs 0.50 crore to Rs 0.10 crore.  

Cash flow from operating activities increased to Rs 17.65 crore for YTD ended September 2022 from Rs 14.31 crore for YTD ended September 2021.  Cash flow used in acquiring fixed assets during the YTD ended September 2022 stood at Rs 5.01 crore, compared to Rs 3.43 crore during the YTD ended September 2021.