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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 Sep'16, WPIL registered a 43% increase in standalone net sales to Rs 58.17 crore. OPM was however lower by 360 bps to 10%, thus restricting the OP growth to 5% to Rs 5.82 crore. Other income was up by 107% to Rs 2.92 crore. Interest costs was lower by 3% to Rs 2.83 crore while depreciation costs was higher by 3% to Rs 0.72 crore. Thus PBT stood at Rs 5.19 crore, up by 74% YoY. After providing total tax of Rs 1.41 crore, up by 37%, standalone PAT stood at Rs 3.78 crore, up by 94% YoY.
Performance for 6 months ended Sep'16
For the 6 months ended Sep'16 period WPIL registered a 26% increase in standalone net sales to Rs 95.34 crore. OPM was however lower by 210 bps to 11.5%, thus restricting the OP growth to 7% to Rs 10.96 crore. Other income was up by 130% to Rs 3.95 crore. Interest costs was higher by 20% to Rs 5.47 crore and depreciation costs was higher by 4% to Rs 1.42 crore. Thus PBT stood at Rs 8.02 crore, up by 32% YoY. After providing total tax of Rs 2.71 crore, up by 10%, standalone PAT stood at Rs 5.31 crore, up by 48% YoY.
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