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Murugappa group company Wendt Q1 standalone PAT falls 14%

CHENNAI: Murugappa group company Wendt (India) has recorded a 14% drop in standalone profit after tax for Q1FY25 at Rs 7.45 crore compared to the year ago period.

Standalone sales of Rs 43.76 crore for the quarter were down 5% year-on-year.

Domestic sales at Rs 34.68 crore were up 2% but exports at Rs 9.08 crore were lower by 23%.

On a consolidated basis, sales stood at Rs 48.44 crore for the current quarter down 5% with a PAT of Rs 7.68 crore which is 15% lower than the corresponding quarter of the previous year.

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