The Board of Directors of Wendt (India) Ltd. approved the unaudited financial results for the quarter ending 30th September 2024. The company demonstrated solid growth in both standalone and consolidated performance.

On a standalone basis, Wendt (India) Ltd. achieved sales of Rs 5,055 lakh, reflecting a 10 per cent increase compared to the same period last year. Domestic sales contributed Rs 3,937 lakh, up by 11 per cent year-over-year, driven by robust demand from key industries such as automotive, auto ancillary, cutting tools, steel, and bearings. Export sales also performed well, reaching ₹1,118 lakh, marking an 8 per cent growth, with notable contributions from markets such as Russia, Germany, Indonesia, the UK, and Italy.

Profit After Tax (PAT) for the quarter was Rs 1,050 lakh, showcasing a significant 22 per cent increase compared to the previous year, underlining the company's strong operational performance and growing profitability. For the half-year ending 30th September 2024, Wendt's total standalone sales stood at Rs 9,431 lakh, 3 per cent  higher than the same period last year, with a PAT of Rs 1,795 lakh, marking a 4 per cent year-over-year rise.

On a consolidated basis, Wendt (India) Ltd. reported sales of Rs 5,509 lakh, a 9 per cent increase year-over-year, with PAT at Rs 1,069 lakh, reflecting a 19 per cent growth over the corresponding quarter in 2023. For the half-year, consolidated sales were Rs 10,353 lakh, with a PAT of Rs 1,837 lakh, both up 2 per cent from the previous year.

This performance highlights Wendt's ability to capture market growth domestically and internationally, particularly in key sectors and export markets, and maintain profitability despite global economic challenges.