September quarter profit falls sharply despite modest sales growth
WENDT · price
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Wendt India's unaudited standalone Q2 sales were Rs 4,986 lakh, flat year on year, and net profit Rs 455 lakh, down 57%. Half-year sales rose 2% to Rs 9,635 lakh, but profit fell 47% to Rs 950 lakh. Consolidated Q2 sales rose 2% to Rs 5,617 lakh, but profit fell 75% to Rs 270 lakh; half-year sales rose 4% and profit fell 65% to Rs 648 lakh. Lower machine sales and charges for the Wendt brand hurt profit. Auditor review found no issue.
Profit fell far faster than sales due to weaker machine sales and charges for the Wendt brand. This may weigh on sentiment despite sales growth.