Divided Stock: Currently, the earnings season is underway in the stock market, with companies announcing their financial results for the third quarter of the financial year. Amidst this, small-cap company Wendt (India)
Limited has brought good news for its investors. The company has declared an interim dividend of 300% or ₹30 per share for the quarter ending December 31, 2024. This dividend will be paid on shares with a face value of ₹10.
What is the Record Date?
The record date for determining eligible members for the dividend has been set as January 28, 2025, while the dividend payment will be made on February 18, 2025. The company stated in its exchange filing that this dividend is a cash reward for shareholders from its profits.
Wendt (India) Q3 Results
Wendt (India) Limited has also announced its financial results for the October-December 2024 quarter. During this period, the company’s consolidated net profit stood at ₹8.22 crore, compared to ₹9.60 crore in the same quarter last year. The company’s consolidated total income decreased to ₹55.32 crore, as opposed to ₹56.32 crore in the corresponding period of the previous year. For the nine months ending December 31, 2024, the company recorded a consolidated profit of ₹26.59 crore, slightly lower than ₹27.57 crore in the same period last fiscal year.
Stock Performance
Regarding the performance of Wendt (India)’s stock, BSE data shows that the stock has declined by 14.66% over the past three months. However, it gained 12.94% over the past six months and has risen by 3% this year to date. Over the long term, the stock has delivered remarkable returns, providing 56%, 148%, 368.63%, and 520.22% returns over the last 2 years, 3 years, 5 years, and 10 years, respectively.
Stock Movement on Monday
On Monday, the company’s shares closed at ₹12,711.55, down by 1.6%. Its current market capitalization stands at ₹2,535.14 crore. The stock had touched its 52-week high of ₹18,033.65 and a 52-week low of ₹10,401.
[Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. We suggests its readers/audience to consult their financial advisors before making any money related decisions.]
