Wendt India Ltd.’s (WIL) standalone web revenue for the June quarter contracted 14% from the year-earlier interval to ₹7 crore.
Income from operations slid to ₹44 crore from ₹46 crore, the Murugappa group agency stated in a regulatory submitting.
WIL offers in three enterprise segments. The income from tremendous abrasives was flat at ₹33 crore, whereas it jumped by 26% in machines and equipment to ₹7 crore and de-grew by 22% in precision merchandise to ₹6 crore.
WIL introduced the appointment of Bhagya Chandra Rao as Chairman from July 24, following the retirement of Shrinivas G. Shirgurkar, after completion of his second time period as impartial director on July 23.
