Wendt (India) Limited

The frontline indices traded with moderate losses in early-afternoon trade as market sentiment was weighed down by US President Donald Trump's decision to implement tariffs on Canada and Mexico starting today, along with Canada's retaliatory tariffs on US goods. The Nifty traded below the 22,100 level. Auto shares declined after advancing in the past trading session. At 12:30 IST, the barometer index, the S&P BSE Sensex, fell 162.28 points or 0.22% to 72,923.66. The Nifty 50 index lost 47 points or 0.21% to 22,072.30. In the broader market, the S&P BSE Mid-Cap index shed 0.01%, and the S&P BSE Small-Cap index added 0.98%. The market breadth was positive. On the BSE, 2,183 shares rose and 1,605 shares fell. A total of 155 shares were unchanged. Derivatives: The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, shed 0.21% to 13.73. The Nifty 27 March 2025 futures were trading at 22,175.80, at a premium of 103.5 points as compared with the spot at 22,072.30. The Nifty option chain for the 27 March 2025 expiry showed a maximum call OI of 60.2 lakh contracts at the 23,000 strike price. Maximum put OI of 61.1 lakh contracts was seen at 22,000 strike price. Buzzing Index: The Nifty Auto index fell 1.22% to 20,287.05. The index rose 0.19% in the past trading session. Balkrishna Industries (down 3.78%), Bajaj Auto (down 3.24%), Hero MotoCorp (down 2.22%), Apollo Tyres (down 1.63%), MRF (down 1.31%), Eicher Motors (down 1.25%), Bosch (down 1.09%), Maruti Suzuki India (down 1.09%), TVS Motor Company (down 0.98%) and Mahindra & Mahindra (down 0.89%) declined. On the other hand, Tata Motors (up 0.37%) and Exide Industries (up 0.16%) edged higher. Stocks in Spotlight: Wendt (India) slipped 3%. The company announced that its board has approved a proposal to incorporate a wholly owned subsidiary (WOS) in Germany, aiming to enhance its business prospects in Europe. Oriental Rail Infrastructure rose 0.80%. The company announced that it has secured an order worth Rs 1.63 crore from Integral Coach Factory (ICF), Chennai, Indian Railways. RateGain Travel Technologies added 1.56% after the company announced a significant partnership with Mews, a leading provider of hospitality cloud solutions and Property Management Systems (PMS). Powered by Capital Market - Live

The primary objective of this subsidiary is to diversify the company's geographical presence in Europe and offer services to the machine building and superabrasive customers in the region. The subsidiary will focus on sales, servicing, and marketing activities related to Wendt's core businesses, including super abrasives, machine building, and precision components. The new subsidiary will be established with an initial investment of Rs 5 crore (approximately '0.55 million). The investment will be made in one or more tranches through cash consideration. The company expects to complete the incorporation process within the next three months, with the total investment in the subsidiary expected to be completed within two years. The acquisition will not fall under related party transactions, and neither the promoter, promoter group, nor any group companies have any interest in the entity being acquired. However, since the entity will be a wholly owned subsidiary, it will be considered a related party to the company from the date of its incorporation. The official announcement was made on 3rd March 2025, after market hours. Wendt India is engaged in the manufacturing, sales, and servicing of super abrasives, high-precision grinding, honing, special purpose machines, and high-precision components. The company's consolidated net profit fell 14.4% to Rs 8.22 crore on 2.7% decline in revenue from operations to Rs 52.67 crore in Q3 FY25 over Q3 FY24. The counter declined 2.66% to Rs 8,755 on the BSE. Powered by Capital Market - Live

Net profit of Wendt India declined 14.38% to Rs 8.22 crore in the quarter ended December 2024 as against Rs 9.60 crore during the previous quarter ended December 2023. Sales declined 2.70% to Rs 52.67 crore in the quarter ended December 2024 as against Rs 54.13 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales52.6754.13 -3 OPM %20.9224.50 - PBDT12.9315.08 -14 PBT10.6212.98 -18 NP8.229.60 -14 Powered by Capital Market - Live

Wendt India announced that the Board of Directors of the Company at its meeting held on 22 January 2025, inter alia, have recommended the interim dividend of Rs 30 per equity Share (i.e. 300%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Wendt India will hold a meeting of the Board of Directors of the Company on 22 January 2025.Powered by Capital Market - Live

Net profit of Wendt India rose 19.44% to Rs 10.69 crore in the quarter ended September 2024 as against Rs 8.95 crore during the previous quarter ended September 2023. Sales rose 9.31% to Rs 55.09 crore in the quarter ended September 2024 as against Rs 50.40 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales55.0950.40 9 OPM %23.0024.70 - PBDT15.4314.12 9 PBT13.1611.99 10 NP10.698.95 19 Powered by Capital Market - Live

Wendt India will hold a meeting of the Board of Directors of the Company on 21 October 2024.Powered by Capital Market - Live

Wendt India announced that Shrinivas G Shirgurkar, Independent Director and Chairman of the Board would be retiring after completion of his 2nd term of office as Independent Director on 23 July 2024. Meanwhile, the Board of the company at its meeting held on 22 July 2024 has approved the appointment of Bhagya Chandra Rao (DIN: 00211127) as the Chairman w.e.f. 24 July 2024.Powered by Capital Market - Live