Why WENDT Shares Are Skyrocketing Today

WENDT share price shot up over 14% in the late hours of trading on Friday after the stock remained mute for the better part of the business day.

What Happened: The company released its Q4 earnings on Friday afternoon. The company’s consolidated sales for the quarter ended March went up 21% year-over-year to ₹57.15 crore. Net profits for the final quarter of FY23 (April 2022- March 2023) surged 71% to ₹12.79 crore.

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The Murugappa Group company sales for FY23 stood at ₹207.61 crore up 17% YoY. Profits for the period surged 48% to ₹40.09 crore. Earning per share (EPS) for the quarter stood ₹63.96.

The company also declared a final dividend of ₹50 FY23. The company has declared a total dividend of ₹80 in FY23, this includes an interim dividend of ₹30/share announced in January this year.

Price Action: WENDT share price was up 16.08% to close at ₹9,160 on Friday.

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Posted In: EarningsNewsWENDT