Chennai, 23 October 2015 : The Board of Directors of Wendt (India) Ltd, have taken on record the unaudited financial results as reviewed by the Board of Directors for the quarter and half year ended 30th September 2015.
On a standalone basis, the Company achieved sales of 3041 lacs during the quarter ended 30th September 2015 which is 12% higher than the corresponding quarter last year. The domestic sales of
2209 lacs, demonstrated a growth of 8%. This has been due to increased sales to the user industry segments like steel, cutting tools, refractory, engineering, automobile etc. The export sales of
833 lacs, demonstrated a growth of 23% over the corresponding period of last year. This has been on the account of higher sales to countries such as USA, UK, Switzerland, Russia, Korea, Indonesia and Singapore.
However, the Profit After Tax (PAT) for the current quarter has been lower by 8% at 422 lacs over the corresponding period of previous year. This is on account of product mix attributed to the growth in machines and components business vis-à-vis super-abrasives and lower other income.
On a consolidated basis, Company’s sales stood at
3487 lacs for the current quarter which is 8% higher than the corresponding period of last year with the Profit After Tax (PAT) of
321 lacs, 10% lower than the corresponding period last year.
On a standalone basis, for the half year, the Company achieved total sales of 5638 lacs which is higher by 11% over the corresponding period last year with PAT of
600 lacs, 11% lower than the corresponding period last year.
On a consolidated basis, for the half year, the Company achieved a sales of 6601 lacs which is higher by 9% over the corresponding period last year with PAT of
610 lacs, 10% lower than the corresponding period last year.
About Murugappa Group
Founded in 1900, the INR 269 Billion Murugappa Group is one of India’s leading business conglomerates. The Group has 28 businesses including nine listed Companies traded in NSE & BSE. Headquartered in Chennai, the major Companies of the Group include Carborundum Universal Ltd., Cholamandalam Investment and Finance Company Ltd., Cholamandalam MS General Insurance Company Ltd., Coromandel International Ltd., Coromandel Engineering Company Ltd., E.I.D. Parry (India) Ltd., Parry Agro Industries Ltd.,Shanthi Gears Ltd., Tube Investments of India Ltd., and Wendt (India) Ltd.
Market leaders in served segments including Abrasives, Auto Components, Cycles, Sugar, Farm Inputs, Fertilizers, Plantations, Bio-products and Nutraceuticals, the Group has forged strong alliances with leading international companies like Groupe Chimique Tunisien, Foskor, Mitsui Sumitomo, Morgan Crucible and Sociedad Química y Minera de Chile (SQM). The Group has a wide geographical presence spanning 13 states in India and 6 continents.
Renowned brands like BSA, Hercules, Ballmaster, Ajax, Parry’s, Chola, Gromor and Paramfos are from the Murugappa stable. The organization fosters an environment of professionalism and has a workforce of over 32,000 employees.
Caution Notice
The public is hereby cautioned that it has been brought to our notice that certain unscrupulous persons/agencies are issuing fake sanction letters to customers and getting their signatures in fake loan agreements purporting to be a loan sanction letter & loan agreement of Murugappa Group and such persons /agencies are attempting to extort money by demanding security deposit/processing fee/insurance fee from the gullible customers for processing the required loan etc. In the aforesaid documents, those unscrupulous persons/agencies are also using the registered logo and name of Murugappa Group against law with intent to gain wrongfully by using the goodwill and reputation of the Group.
Please be informed that Murugappa Group is not a separate legal entity and never requires any customers to pay any advance money or deposit for loan sanctioning. Public is cautioned not to rely or act on any such fraudulent sanction/offer made in the name of Murugappa Group without verifying the authenticity of the contents.
Customers who are interested in availing loans may directly contact any of the nearest branch of Cholamandalam Investment and Finance Company Limited (Cholamandalam) a constituent of our group for further details or get in touch with us at 1800 200 4565 or alternatively email at customercare@chola.murugappa.com, or SMS at 9500000312.
MURUGAPPA GROUP