Wendt India Limited, a joint venture between Wendt GmbH and Carborundum Universal Ltd of the Rs 7,400-crore Murugappa Group, has recommended a higher dividend of 175 per cent on equity shares for the financial year ended March 31, 2007. | |
| The dividend was 150 per cent during the previous fiscal, according to a Wendt release. During the year, the company achieved 22 per cent sales growth from Rs 41.63 crore to Rs 50.74 crore. |
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| Profit after tax (PAT) increased 22 per cent from Rs 7.16 crore to Rs 8.71 crore. EPS was Rs 43.56 compared with the previous fiscal's Rs 35.78. |
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| Domestic sales were up 34 per cent during the year from Rs 28.01 crore to Rs 37.64 crore. However, exports grew slower at 4 per cent. |
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