Small-cap stocks declare 30 dividends per share. Check the recording date here

The company has said in a grant application that in line with its good performance, the Board of Directors is pleased to pay an interim dividend of Rs. 30/- per share (300% on nominal value of shares of 10/- each.).”

The Record Date for determining the members eligible for interim dividend is Tuesday 31 January 2023. In the case of shareholders electing NECS/ECS, the dividend will normally be credited to their account no later than Tuesday 14 February 2023. in the case of shareholders who opt for a physical payment method, the same will be sent no later than Tuesday, February 14, 2023,” Wendt told the exchanges.

Standalone sales for the company were Rs. 4691 lakhs for the quarter ended December 2022, which is a 30% year-on-year growth over the same quarter last year. In Q3FY23, total domestic sales amounted to 3470 lakhs, a growth of 24% from Q3FY22. During the nine months ended 31 December 2022, the company generated a total revenue of Rs. 13710 lakhs, a growth of 20% over the same period last year, and PAT of Rs. 2767 lakhs, a jump of 45% in the same period.

Compared to the same quarter last year, the profit after tax (PAT) of the current quarter is Rs. 1145 lakhs on a standalone basis, a growth of 69%. (Joy). The company said the profit increase is primarily due to higher sales and continued focus on operational efficiencies and cost control. In the quarter ending December 2022, exports of Rs. 1221 lakhs, a growth of 47% over the same period last year. Wendt said this is due to higher take-up from countries like US, Russia, Indonesia, UK, Spain etc.

Consolidated sales for the company amounted to Rs. 5084 lakhs for the third quarter of FY23, an increase of 25% year-on-year over the third quarter of FY22. PAT for the quarter was Rs. 1007 lakhs, an increase of 81% over the same quarter in FY22.

Wendt (India) also announced that it has signed a collaboration agreement with Lithoz GmbH, the world leader in ceramic 3D printers and materials. Wendt (India) said the partnership has been signed to accelerate business in the Indian 3D printing market and the partnership will be inaugurated by the CeraFab System S65s premiere with a live print demo at IMTEX (January 19-25), India’s premier event for the metal processing industry.

Dr. Johannes Homa, CEO of Lithoz said about the new partnership To successfully enter an important market like India, we are fully aware of the importance of choosing the best sales partner. We are very happy and excited to be working with the Wendt / Murugappa group in India and look forward to implementing their extensive experience and business network in the field of machinery and precision components in our own work. As two industry leaders joining forces, we are fully confident that by pooling our expertise we will make rapid progress in establishing ceramic 3D printing as an alternative manufacturing technology, delivering strong added value in both areas. “

Shares of Wendt (India) closed on the NSE on Friday 8,300.00 each, an increase of 1.99% from the previous close of 8,138.30.