: Murugappa Group company, Wendt (India) Ltd, has recorded a 135.5 per cent rise in its consolidated profit after tax for the quarter ending June 30, 2018 at Rs 5.37 crore.
The company, engaged in manufacture of super abrasives, clocked consolidated profit after tax of Rs 2.28 crore during corresponding quarter of previous year.
For the year ending March 31, 2018 consolidated profit after tax stood at Rs 13.13 crore.
Total income for the three-month period ending June 30, 2018 grew to Rs 42.68 crore from Rs 36.05 crore registered during year ago period.
For the full year ending March 31, 2018 total income stood at Rs 151.49 crore.
The company said the Chairman M M Murugappan has stepped down from the Board due to his pressing commitments after he took over as the Executive Chairman of the Murugappa Group.
At its meeting today, the Board elected Shrinivas G Shirgurkar as its Chairman replacing Murugappan.
Shares of the company ended at Rs 3,076.50 apiece, up by 7.85 per cent over the previous close in BSE.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app