Wendt (India) Ltd. reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2014. For the quarter, on standalone basis, the company reported total income from operations of INR 251.8 million against INR 218.7 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 16.9 million against INR 23.9 million a year ago. Profit from ordinary activates before tax was INR 20.4 million against INR 28.3 million a year ago. Net profit was INR 16.4 million or INR 8.18 per basic and diluted EPS before and after extraordinary items against INR 19.1 million or INR 9.54 per basic and diluted EPS before and after extraordinary items a year ago. The lower profit is due to the higher depreciation charge on account of the revised useful life of the assets.

For the nine months on standalone basis, the company reported total income from operations of INR 766.1 million against INR 698.5 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 75 million against INR 98.5 million a year ago. Profit from ordinary activates before tax was INR 110.5 million against INR 110.6 million a year ago. Net profit was INR 83.4 million or INR 41.69 per basic and diluted EPS before and after extraordinary items against INR 73.7 million or INR 36.85 per basic and diluted EPS before and after extraordinary items a year ago.

For the quarter on consolidated basis, the company reported total income from operations of INR 296.3 million against INR 256.4 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 25.5 million against INR 30.8 million a year ago. Profit from ordinary activates before tax was INR 29.0 million against INR 35.4 million a year ago. Net profit was INR 23.8 million or INR 11.89 per basic and diluted EPS before and after extraordinary items against INR 25.0 million or INR 12.60 per basic and diluted EPS before and after extraordinary items a year ago.

For the nine months on consolidated basis, the company reported total income from operations of INR 909.6 million against INR 804.9 million a year ago. Profit from operations before other income, finance cost and exceptional items were INR 110.5 million against INR 125.2 million a year ago. Profit from ordinary activates before tax was INR 122.9 million against INR 138.1 million a year ago. Net profit was INR 91.2 million or INR 45.57 per basic and diluted EPS before and after extraordinary items against INR 96.3 million or INR 48.15 per basic and diluted EPS before and after extraordinary items a year ago.

The board of directors of Wendt (India) Limited recommend an interim dividend of INR 10 per share (100% on face value of equity shares of INR 0 each.).