Wendt (India) (505412) Q3 24/25 earnings summary

Executive summary

• Standalone sales for the quarter ended 31st Dec 2024 were Rs. 4,790 lakhs, down 3% year-over-year, with PAT at Rs. 787 lakhs, down 14% year-over-year.

• Consolidated sales for the quarter were Rs. 5,267 lakhs, down 3% year-over-year, with PAT at Rs. 822 lakhs, down 14% year-over-year.

• For the nine months ended 31st Dec 2024, standalone sales rose 1% year-over-year to Rs. 14,221 lakhs, while PAT declined 2% to Rs. 2,582 lakhs.

• Consolidated nine-month sales increased 1% year-over-year to Rs. 15,620 lakhs, with PAT down 4% to Rs. 2,659 lakhs.

Financial highlights

• Standalone EPS for the quarter was Rs. 39.39, and consolidated EPS was Rs. 41.10.

• Domestic sales declined 8% year-over-year, while exports grew 13% year-over-year for the quarter.

• Segment-wise, Super Abrasives and Machines & Accessories contributed the majority of revenue.

Outlook and guidance

• The company noted lower domestic sales due to reduced demand from engineering, auto, and steel sectors, but higher export offtake from markets like the US, Senegal, Spain, and Taiwan.