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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company experienced a substantial growth of 9.14 % in the past year, substantial increase in net sales/revenue by 13.45 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 66.47 %. Marginal increase in other income during this quarter, up by 42.56%.
- Profit over the Year and quarter: Significant improvement in profitability for Wendt (India) Limited. Notable increase of 19.44 % in net profit Year to Year, Wendt (India) Limited’s profitability increased by 39.19 % in this quarter.
- EPS over the Year and quarter: EPS increased by 19.44 % Year to Year. EPS increased by 39.08 % in previous quarter. Positive impact on shareholders.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 51 Cr | Rs. 49.06 Cr | Rs. 55.66 Cr | + 13.45 % | + 9.14 % |
| Expenses | Rs. 38.55 Cr | Rs. 38.51 Cr | Rs. 42.99 Cr | + 11.63 % | + 11.52 % |
| Operating Profit | Rs. 12.45 Cr | Rs. 10.55 Cr | Rs. 12.67 Cr | + 20.09 % | + 1.77 % |
| OPM % | 24.41 % | 21.5 % | 22.76 % | + 1.26 % | -1.65 % |
| Other Income | Rs. 1.67 Cr | Rs. 1.95 Cr | Rs. 2.78 Cr | + 42.56 % | + 66.47 % |
| Interest | Rs. 0 Cr | Rs. 0.01 Cr | Rs. 0.02 Cr | + 100 % | 0 % |
| Depreciation | Rs. 2.13 Cr | Rs. 2.19 Cr | Rs. 2.27 Cr | + 3.65 % | + 6.57 % |
| Profit before tax | Rs. 11.99 Cr | Rs. 10.3 Cr | Rs. 13.16 Cr | + 27.77 % | + 9.76 % |
| Tax % | 25.35 % | 25.44 % | 18.77 % | -6.67 % | -6.58 % |
| Net Profit | Rs. 8.95 Cr | Rs. 7.68 Cr | Rs. 10.69 Cr | + 39.19 % | + 19.44 % |
| EPS in Rs | Rs. 44.75 | Rs. 38.43 | Rs. 53.45 | + 39.08 % | + 19.44 % |
Today, we’re looking at Wendt (India) Limited’s financial performance for the Q2(Sep 2024).Starting with the top line, the company reported a robust year-over-year sales growth of 9.14 %. However, it did see a marginal increase of 13.45 % from the previous quarter. Expenses ticked up slightly by 11.63 % quarter-on-quarter, aligning with the annual rise of 11.52 %. Operating profit, while up 1.77 % compared to last year, faced a quarter-on-quarter increase of 20.09 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -1.65 %, but an expansion of 1.26 % sequentially. Other income rose by 42.56 % compared to the last quarter, despite an annual growth of 66.47 %. Interest expenses surged remarkably by 100 % from the previous quarter, Depreciation costs climbed by 3.65 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 6.57 %. Profit before tax grew annually by 9.76 % but saw an increase from the preceding quarter by 27.77 %.
Tax expenses as a percentage of profits decreased slightly by -6.58 % compared to last year, with a more notable quarter-on-quarter decrease of -6.67 %. Net profit rose by 19.44 % year-on-year but experienced a 39.19 % expansion from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual uptick of 19.44 % but a quarterly rise of 39.08 %. In summary, Wendt (India) Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 51 Cr | Rs. 49.06 Cr | Rs. 55.66 Cr | + 13.45 % | + 9.14 % |
| Expenses | Rs. 38.55 Cr | Rs. 38.51 Cr | Rs. 42.99 Cr | + 11.63 % | + 11.52 % |
| Operating Profit | Rs. 12.45 Cr | Rs. 10.55 Cr | Rs. 12.67 Cr | + 20.09 % | + 1.77 % |
| Net Profit | Rs. 8.95 Cr | Rs. 7.68 Cr | Rs. 10.69 Cr | + 39.19 % | + 19.44 % |
| EPS in Rs | Rs. 44.75 | Rs. 38.43 | Rs. 53.45 | + 39.08 % | + 19.44 % |
In reviewing Wendt (India) Limited’s 2024(Q2) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales saw a robust 9.14 % year-on-year growth, however, there was a minor increase of 13.45 % from the previous quarter. Expenses rose by 11.52 % compared to the previous year, with a 11.63 % increase quarter-on-quarter. Operating Profit surged by 1.77 % annually, and saw a 20.09 % increase from the last quarter.
Net Profit showed yearly increase of 19.44 %, and experienced a 39.19 % increase from the previous quarter. Earnings Per Share (EPS) rose by 19.44 % annually, however rose by 39.08 % compared to the last quarter. In essence, while Wendt (India) Limited exhibits strong annual growth indicators, short-term improvements suggest the potential for recovery and the importance of strategic adjustments to counter market challenges effectively. That’s all for now in the financial sector.
