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Auto ancillary stock falls 9% after its net profit falls by 20.5% QoQ

Auto ancillary stock saw Q3 struggles with declining profits, sales, and efficiency challenges.

Synopsis:

Auto ancillary stock faced a challenging Q3 FY24-25, with 20.5% drop in Profit After Tax and 6.8% lower net sales, reflecting inefficiencies and the need for growth measures.

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Introduction:

Auto ancillary stock reported a weak Q3 FY24-25, with profits and margins declining sharply. Profit After Tax fell by 20.5%, and net sales dropped 6.8%, highlighting operational challenges and the need for strategic improvements to restore growth.

Share Price movement of Wendt India:

On January 22, 2025, Wendt India Ltd opened at ₹14,100.05, from its previous close of ₹15,000. The stock reached an intraday high of ₹14,791.15 and a low of ₹13,575, down 9% closing at ₹14,044.85, with a market cap of ₹2,808.97 crore.

Wendt India share price rise:

Wendt India reported a decline in Q3 FY24-25 financial performance, with Profit Before Tax falling by 22.9% to ₹8.70 crore and Profit After Tax dropping 20.5% to ₹8.22 crore, signaling reduced profitability and operational efficiency.

Net sales declined by 6.8% to ₹53.40 crore from ₹57.32 crore in prior quarters. Additionally, the operating profit margin fell to 20.64%, the lowest in five quarters, indicating challenges in maintaining cost efficiency amidst reduced revenue.

Despite a healthy debtors turnover ratio of 5.60 times, the company faces a challenging financial outlook. The decline in profits and margins underscores the need for strategic measures to improve operational performance and restore growth.

Also Read: Best Sectors To Watch For Budget 2025

Recent news About Wendt India :

On January 22, 2025, Wendt India Ltd’s Board approved the unaudited financial results for Q3 FY24, releasing standalone and consolidated results, along with a limited review report and press release. Results will be published in English and Kannada newspapers.

Stock performance of Wendt India for Period of 1 week, 6 months and 1 year:

Wendt India experienced a mixed stock performance over different periods. The stock declined by 7.69% in one week and 7.54% over six months. However, it delivered a positive return of 8.49% over the past year, reflecting long-term stability.

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Also Read: Stocks To Watch For Budget 2025

Shareholding pattern of Wendt India:

All values in %Dec-24Sep-24Jun-24
Promoters757575
FII0.040.040.04
DII6.726.736.78
Retail & others18.2418.2318.16

About Wendt India:

Wendt India Ltd (BSE : WENDT) specializes in manufacturing high-precision grinding tools, super abrasives, and machine tools. Renowned for its innovative solutions, the company serves diverse industries like automotive, aerospace, and engineering, maintaining a strong presence in both domestic and international markets.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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