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WPIL has to its credit a rich experience of more than 60 years in designing, developing, manufacturing, erecting, casting, commissioning and servicing and after sales and refurbishment of Pumps & Pumping Systems. These pumps whether vertical or horizontal, of various sizes, are required in micro and major irrigation systems, Barge Pump stations, river water pumping, sewage submersible, offshore, fire fighting and other industrial applications, thermal, nuclear power plants, hydro power etc. The company has operations spread across India and in International market it has operations through subsidiaries in Thailand, Australia, UK and South Africa.
For the quarter ended June 18, WPIL registered a 94% increase in standalone net sales to Rs 142.46 crore. OPM inched higher to 24.9%, as compared to 9.3% thus resulting in a spurt in the OP growth to 417% to Rs 35.44 crore. Other income was higher by 1% to Rs 4.97 crore. Interest costs stood at Rs 2.67 crore flat on YoY. Depreciation costs was up by 3% to Rs 0.78 crore. Thus PBT stood at Rs 36.96 crore, up by 343% YoY. After providing total tax of Rs 12.77 crore, up by 321%, standalone PAT stood at Rs 24.19 crore, up by 355% YoY.
Performance for 12 ended Mar 18
For 12 months ended Mar 18, company reported net sales growth of 51% to Rs 422.06 crore. OPM stood at 15.5% up by 220 bps thus resulting in a 76% increase in OP to Rs 65.46 crore. Other income was higher by 130% to Rs 19.32 crore thus resulting in a 86% increase in PBIDT to Rs 84.78 crore. Interest cost was lower by 22% to Rs 10.46 crore and depreciation was flat at Rs 3.16 crore resulting in a 146% increase in PBT to Rs 71.16 crore. After providing total tax of Rs 23.60 crore, up by 174%, PAT for 12 months ended Mar 18 stood at Rs 47.56 crore up by 134% YoY.
The company has achieved major landmarks in designing and supplying large critical pumps using improved technologies.
The company remains committed to focus on growth strategies and organizational architectures to aggressively drive growth and increase profitability across all its business verticals.
Series of measures initiated during FY 18 comprising productivity improvement, aggressive market share acquisition and expansion of products range within existing business is expected to lead to further growth in the market share, performance and profitability of the company. This is supported by a strong order book.
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