WPIL

Net sales (including other operating income) of WPIL for the quarter ended Dec 2024 has declined 11.40% to Rs 381.6 crore. Operating profit margin has declined from 16.24% to 12.61%, leading to 31.21% decline in operating profit to Rs 48.11 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 17.72% to 27.71%. Employee cost increased from 13.75% to 15.14%. Other expenses fell from 51.31% to 44.85%. Contract job process charges fell from 40.14% to 31.50%. Other income rose 23.33% to Rs 11.1 crore. PBIDT fell 24.99% to Rs 59.21 crore. Provision for interest rose 19.61% to Rs 11.16 crore. PBDT fell 30.97% to Rs 48.05 crore. Provision for depreciation rose 8.74% to Rs 8.34 crore. Profit before tax down 35.89% to Rs 39.71 crore. Share of profit/loss was 144.63% higher at Rs 5.92 crore. Provision for tax was expense of Rs 8.56 crore, compared to Rs 22.85 crore. Effective tax rate was 18.76% compared to 35.50%. Minority interest decreased 96.99% to Rs 5.71 crore.

Sales of Pumps and Accessories segment has gone up 1.99% to Rs 222.11 crore (accounting for 58.21% of total sales). Sales of Project (Works Contract) segment has gone down 25.09% to Rs 159.49 crore (accounting for 41.79% of total sales).
Profit before interest, tax and other unallocable items (PBIT) has slumped 14.63% to Rs 67.68 crore. PBIT of Pumps and Accessories segment rose 19.48% to Rs 43.85 crore (accounting for 64.80% of total PBIT). PBIT of Project (Works Contract) segment fell 44.04% to Rs 23.82 crore (accounting for 35.20% of total PBIT).
PBIT margin of Pumps and Accessories segment rose from 16.85% to 19.74%. PBIT margin of Project (Works Contract) segment fell from 20.00% to 14.94%. Overall PBIT margin fell from 18.41% to 17.73%.

For year-to-date (YTD) results analysis.

Net sales (including other operating income) of WPIL has increased 15.10% to Rs 1235.01 crore. Sales of Pumps and Accessories segment has gone up 7.45% to Rs 644.64 crore (accounting for 52.20% of total sales). Sales of Project (Works Contract) segment has gone up 24.80% to Rs 590.37 crore (accounting for 47.80% of total sales).

Profit before interest, tax and other unallocable items (PBIT) has jumped 6.88% to Rs 257.60 crore. PBIT of Pumps and Accessories segment rose 22.24% to Rs 151.04 crore (accounting for 58.63% of total PBIT). PBIT of Project (Works Contract) segment fell 9.28% to Rs 106.56 crore (accounting for 41.37% of total PBIT).

PBIT margin of Pumps and Accessories segment rose from 20.60% to 23.43%. PBIT margin of Project (Works Contract) segment fell from 24.83% to 18.05%. Overall PBIT margin fell from 22.46% to 20.86%.

Operating profit margin has declined from 18.27% to 17.22%, leading to 8.49% rise in operating profit to Rs 212.72 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 20.75% to 22.70%. Employee cost decreased from 14.65% to 13.52%. Other expenses rose from 45.92% to 46.87%. Contract job process charges rose from 31.77% to 35.48%.

Other income rose 79.62% to Rs 31.56 crore. PBIDT rose 14.34% to Rs 244.28 crore. Provision for interest rose 14.78% to Rs 27.41 crore.

PBDT rose 14.29% to Rs 216.87 crore. Provision for depreciation rose 8.50% to Rs 24.01 crore.

Profit before tax grew 15.05% to Rs 192.86 crore. Share of profit/loss was 138.46% higher at Rs 8.99 crore. Provision for tax was expense of Rs 51.47 crore, compared to Rs 52.03 crore. Effective tax rate was 25.50% compared to 30.36%.

Minority interest decreased 90.30% to Rs 20.05 crore.

Promoters' stake was 70.80% as of 31 December 2024 ,compared to 70.80% as of 31 December 2023 .

WPIL : Consolidated Results

	Quarter ended			Year to Date			Year ended
Particulars	202412	202312	Var.(%)	202412	202312	Var.(%)	202403	202303	Var.(%)
Net Sales (including other operating income)	381.60	430.68	-11.40	1,235.01	1,073.00	15.10	1,664.40	1,605.46	3.67
OPM (%)	12.61	16.24	-363 bps	17.22	18.27	-105 bps	17.92	16.66	127 bps
OP	48.11	69.94	-31.21	212.72	196.07	8.49	298.34	267.45	11.55
Other Inc.	11.10	9.00	23.33	31.56	17.57	79.62	28.21	23.96	17.74
PBIDT	59.21	78.94	-24.99	244.28	213.64	14.34	326.55	291.41	12.06
Interest	11.16	9.33	19.61	27.41	23.88	14.78	30.84	23.74	29.91
PBDT	48.05	69.61	-30.97	216.87	189.76	14.29	295.71	267.67	10.48
Depreciation	8.34	7.67	8.74	24.01	22.13	8.50	30.12	27.87	8.07
PBT	39.71	61.94	-35.89	192.86	167.63	15.05	265.59	239.8	10.75
Share of Profit/(Loss) from Associates	5.92	2.42	144.63	8.99	3.77	138.46	5.26	2.68	96.27
PBT before EO	45.63	64.36	-29.10	201.85	171.4	17.77	270.85	242.48	11.70
EO Income	0	0	-	0	0	-	0	0	-
PBT after EO	45.63	64.36	-29.10	201.85	171.4	17.77	270.85	242.48	11.70
Taxation	8.56	22.85	-62.54	51.47	52.03	-1.08	77.83	64.61	20.46
PAT	37.07	41.51	-10.70	150.38	119.37	25.98	193.02	177.87	8.52
Minority Interest (MI)	5.71	189.66	-96.99	20.05	206.69	-90.30	208.75	30.51	584.20
Net profit	31.36	-148.15	LP	130.33	-87.32	LP	-15.73	147.36	PL
P/(L) from discontinued operations net of tax	-0.02	493.07	PL	-0.06	498.55	PL	490.75	41.81	1,073.76
Net profit after discontinued operations	31.34	344.92	-90.91	130.27	411.23	-68.32	475.02	189.17	151.11
EPS (Rs)*	3.21	-15.17	LP	13.34	-8.94	LP	-1.61	15.09	PL

* EPS is on current equity of Rs 9.77 crore, Face value of Rs 1, Excluding extraordinary items.
# EPS is not annualised
bps : Basis points
EO : Extraordinary items
Figures in Rs crore
Source: Capitaline Corporate Database

WPIL : Consolidated Segment Results

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	Quarter ended				Year to Date				Year ended
	% of (Total)	202412	202312	Var.(%)	% of (Total)	202412	202312	Var.(%)	% of (Total)	202403	202303	Var.(%)
Sales
Pumps and Accessories	58.21	222.11	217.78	1.99	52.20	644.64	599.94	7.45	50.96	848.24	792.56	7.02
Project (Works Contract)	41.79	159.49	212.90	-25.09	47.80	590.37	473.05	24.80	49.04	816.17	812.89	0.40
Total Reported Sales	100.00	381.60	430.68	-11.40	100.00	1,235.01	1,073.00	15.10	100.00	1,664.40	1,605.46	3.67
Less: Inter segment revenues		0.00	0.00	-		0.00	0.00		0.00	0.00	-
Net Sales	100.00	381.60	430.68	-11.40	100.00	1,235.01	1,073.00	15.10	100.00	1,664.40	1,605.46	3.67
PBIT
Pumps and Accessories	64.80	43.85	36.70	19.48	58.63	151.04	123.56	22.24	49.37	175.57	145.34	20.80
Project (Works Contract)	35.20	23.82	42.57	-44.04	41.37	106.56	117.46	-9.28	50.63	180.08	135.58	32.82
Total PBIT	100.00	67.68	79.27	-14.63	100.00	257.60	241.02	6.88	100.00	355.65	280.91	26.60
Less : Interest		11.16	9.33	19.62		27.41	23.88	14.78		30.84	23.74	29.89
Add: Other un-allcoable		-10.88	-5.58	-94.95		-28.35	-45.75	38.04		-53.96	-14.69	-267.23
PBIT Margin(%)
Pumps and Accessories		19.74	16.85	289.00		23.43	20.60	283.47		20.70	18.34	236.07
Project (Works Contract)		14.94	20.00	-505.92		18.05	24.83	-677.98		22.06	16.68	538.56
PBT	100.00	45.63	64.36	-29.10	100.00	201.85	171.40	17.77	100.00	270.85	242.48	11.70

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