• Sales of Super Abrasives segment has gone up 2.12% to Rs 33.76 crore (accounting for 66.98% of total sales).  Sales of Machines Accessories and components segment has gone down 29.05% to Rs 5.13 crore (accounting for 10.18% of total sales).  Sales of Others segment fell 8.76% to Rs 4.06 crore (accounting for 8.06% of total sales).  Sales of Precision Products segment has gone down 0.27% to Rs 7.45 crore (accounting for 14.78% of total sales).  
• Profit before interest, tax and other unallocable items (PBIT) has slumped 15.77% to Rs 10.52 crore.  PBIT of Super Abrasives segment rose 8.68% to Rs 8.14 crore (accounting for 77.38% of total PBIT).  PBIT of Machines Accessories and components segment fell 40.98% to Rs 1.08 crore (accounting for 10.27% of total PBIT).  PBIT of Others segment fell 50.00% to Rs 0.36 crore (accounting for 3.42% of total PBIT).  PBIT of Precision Products segment fell 61.63% to Rs 0.94 crore (accounting for 8.94% of total PBIT).  
• PBIT margin of Super Abrasives segment rose from 22.66% to 24.11%.  PBIT margin of Machines Accessories and components segment fell from 25.31% to 21.05%.  PBIT margin of Others segment fell from 16.18% to 8.87%.  PBIT margin of Precision Products segment fell from 32.80% to 12.62%.  Overall PBIT margin fell from 23.92% to 20.87%.  

 Half yearly performance  

Net sales (including other operating income) of Wendt India has increased 2.08% to Rs 102.26 crore.  Sales of Super Abrasives segment has gone up 2.92% to Rs 66.98 crore (accounting for 66.09% of total sales).  Sales of Machines Accessories and components segment has gone down 5.62% to Rs 10.91 crore (accounting for 10.77% of total sales).  Sales of Others segment fell 3.73% to Rs 8.51 crore (accounting for 8.40% of total sales).  Sales of Precision Products segment has gone up 3.11% to Rs 14.94 crore (accounting for 14.74% of total sales).  Inter-segment sales came down from Rs 0.34 crore to Rs 0.12 crore.  

Profit before interest, tax and other unallocable items (PBIT) has slumped 4.05% to Rs 21.07 crore.  PBIT of Super Abrasives segment rose 7.08% to Rs 15.27 crore (accounting for 72.47% of total PBIT).  PBIT of Machines Accessories and components segment rose 10.84% to Rs 2.25 crore (accounting for 10.68% of total PBIT).  PBIT of Others segment fell 35.00% to Rs 0.91 crore (accounting for 4.32% of total PBIT).  PBIT of Precision Products segment fell 38.17% to Rs 2.64 crore (accounting for 12.53% of total PBIT).  

PBIT margin of Super Abrasives segment rose from 21.91% to 22.80%.  PBIT margin of Machines Accessories and components segment rose from 17.56% to 20.62%.  PBIT margin of Others segment fell from 15.84% to 10.69%.  PBIT margin of Precision Products segment fell from 29.47% to 17.67%.  Overall PBIT margin fell from 21.97% to 20.79%.  

Operating profit margin has declined from 25.56% to 24.30%, leading to 2.97% decline in operating profit to Rs 24.85 crore.  Raw material cost as a % of total sales (net of stock adjustments) increased from 23.94% to 26.39%.   Purchase of finished goods cost fell from 10.19% to 7.27%.   Employee cost increased from 17.83% to 18.86%.   Other expenses rose from 22.26% to 23.29%.   

Other income rose 135.14% to Rs 3.48 crore.  PBIDT rose 4.58% to Rs 28.33 crore.  Provision for interest remained nil.  Loan funds remained nil.  Inventories rose to Rs 34.60 crore as of 30 September 2023 from Rs 31.70 crore as of 30 September 2022.  Sundry debtors were higher at Rs 41.56 crore as of 30 September 2023 compared to Rs 36.20 crore as of 30 September 2022.  Cash and bank balance rose to Rs 20.33 crore as of 30 September 2023 from Rs 14.30 crore as of 30 September 2022.  Investments rose to Rs 68.81 crore as of 30 September 2023 from Rs 66.43 crore as of 30 September 2022 .  

PBDT rose 4.65% to Rs 28.33 crore.  Provision for depreciation rose 5.54% to Rs 4.19 crore.  Fixed assets increased to Rs 58.13 crore as of 30 September 2023 from Rs 55.90 crore as of 30 September 2022.  Intangible assets declined from Rs 0.30 crore to Rs 0.10 crore.  

Profit before tax grew 4.50% to Rs 24.14 crore.  Share of profit/loss were nil in both the periods.  Provision for tax was expense of Rs 6.17 crore, compared to Rs 5.87 crore.  Effective tax rate was 25.56% compared to 25.41%.

Minority interest was nil in both the periods.  Net profit attributable to owners of the company increased 4.29% to Rs 17.97 crore.  

Others

Equity capital stood at Rs 2.00 crore as of 30 September 2023 to Rs 2.00 crore as of 30 September 2022.  Per share face Value remained same at Rs 10.00.  

Promoters’ stake was 75.00% as of 30 September 2023 ,compared to 75.00% as of 30 September 2022 .  

Loan funds remained nil.  Inventories rose to Rs 34.60 crore as of 30 September 2023 from Rs 31.70 crore as of 30 September 2022.  Sundry debtors were higher at Rs 41.56 crore as of 30 September 2023 compared to Rs 36.20 crore as of 30 September 2022.  Cash and bank balance rose to Rs 20.33 crore as of 30 September 2023 from Rs 14.30 crore as of 30 September 2022.  Investments rose to Rs 68.81 crore as of 30 September 2023 from Rs 66.43 crore as of 30 September 2022 .  Fixed assets increased to Rs 58.13 crore as of 30 September 2023 from Rs 55.90 crore as of 30 September 2022.  Intangible assets declined from Rs 0.30 crore to Rs 0.10 crore.  

Cash flow from operating activities decreased to Rs 15.32 crore for YTD ended September 2023 from Rs 17.65 crore for YTD ended September 2022.  Cash flow used in acquiring fixed assets during the YTD ended September 2023 stood at Rs 7.43 crore, compared to Rs 5.01 crore during the YTD ended September 2022.