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Super abrasive maker Wendt India Q1 net surges to ₹5.34 cr.

The net profit of Wendt (India) Ltd., a maker of super abrasives, has surged to ₹5.34 crore in the first quarter ended June from ₹8 lakh in the year-earlier period on account of higher sales to almost all user industries.

Gross sales rose 94% to ₹37 crore. Exports volumes increased 51% to ₹9.70 crore on account of higher exports to U.S., Russia, Thailand, Singapore and Germany, it said in a regulatory filing.

The Q1 performance is not comparable with the year-earlier period during which performance was impacted by lockdowns, it added.


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Printable version | Sep 27, 2021 10:22:37 PM | https://www.thehindu.com/business/super-abrasive-maker-wendt-india-q1-net-surges-to-534-cr/article35495998.ece

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