Wendt (India) slips after weak Q4 earnings

Wendt (India) fell 1.01% to Rs 1,170 at 10:04 IST on BSE after consolidated net profit fell 25.91% to Rs 2.03 crore on 20.96% increase in total income from operations to Rs 29.60 crore in Q4 March 2014 over Q4 March 2013.

The result was announced on Saturday, 19 April 2014.

Meanwhile, the BSE Sensex was up 65.44 points, or 0.29%, to 22,694.28.

On BSE, so far 85 shares were traded in the counter, compared with an average volume of 151 shares in the past one quarter.

The stock hit a high of Rs 1,200 and a low of Rs 1,088 so far during the day. The stock hit a 52-week high of Rs 1,350 on 10 January 2014. The stock hit a 52-week low of Rs 922 on 21 August 2013.

The stock had outperformed the market over the past one month till 17 April 2014, rising 8.24% compared with the Sensex's 3.76% rise. The scrip had, however, underperformed the market in past one quarter, falling 2.32% as against Sensex's 7.43% rise.

The small-cap company has an equity capital of Rs 2 crore. Face value per share is Rs 10.

On a consolidated basis, Wendt (India)'s net profit fell 9.33% to Rs 11.66 crore on 8.82% increase in total income from operations to Rs 110.09 crore in the year ended March 2014 over the year ended March 2013.

Wendt (India) is a leading manufacturer of super abrasive grinding wheels (diamond and cubic boron nitride), special purpose grinding machines and tools.

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