Wendt (India), is a leading manufacturer of super abrasives in India consolidated sales stood at Rs.1.35 billion for the current year, which is 4% lower than the previous year with the PAT of Rs.0.12 billion, which is 27% higher than the previous year.

The Company achieved Sales of Rs.0.45 billion for the quarter ended Mar.31, 2021 which is 76% higher than the corresponding quarter previous year and PAT of Rs.0.05 billion, which is 788% higher than the previous year.

On a Standalone basis, the Company achieved sales of Rs.1.19 billion during the year ended Mar’2021, which is 1% lower than the previous year. The domestic sales were Rs 0.86 billion during the year ended Mar.31, 2021, which is higher by 7% than the previous year. This is on account of higher sales to user industries like auto ancillaries, refractories, glass etc.

Exports was Rs.0.32 billion during the year ended 31st Mar'2021, which is lower by 18% over the previous year. The lower exports are mainly on account of lower demand due to continued slow down and lockdowns imposed in view of the second wave of COVID reported in UK, US and other European countries.

Accordingly, the Profit after Tax (PAT) for the current year is Rs.0.13 billion, which is 38% higher than the previous year.

The Company achieved total Sales of Rs.0.41 billion for the quarter ended 31st Mar 2021, which is 83% higher than the corresponding quarter previous year with PAT of Rs.0.05 billion, 648% higher than the corresponding quarter last year.

The Board of Directors have recommended a dividend of Rs. 20 per share (200 % on face value of equity shares of Rs 10 each) out of the current year's profits. The payment of dividend is subject to the approval of shareholders in ensuing Annual General Meeting of the company to be held on July 23,2021.

Shares of the company gained Rs 220, or 7.03%, to settle  at  Rs 3,350.  The total volume of shares traded  was 721, 870 at  the BSE (Friday).