WPIL hosted a conference call on Nov 3, 2023. In the conference call the company was represented by Prakash Agarwal (Managing Director) and  K.K Ganeriwala (Executive Director).

Key takeaways of the call

Consolidated Order Book as end of Sep 30, 2023 stood at Rs 4566.9 crore as against Rs 4603 crore as end of Jun 30, 2023.  Of the current order book domestic order book is Rs 3739.4 crore and international is Rs 827.5 crore.  Of the international order book about 73% is Italy, 17% is Australia, 10% South Africa.

Project revenue growth for the quarter was affected by supply chain challenges, however it is expected to recover in the second half based on all round improvement

Product business seeing good traction both domestically and internationally across market segments

International margins improved on the back of growing aftermarket business at WPIL South Africa and Gruppo Aturia

Important breakthrough in the defence sector with framework contract won for fixed onboard centrifugal pumps from India. WPIL has received a contract for supply of on board range of centrifugal pumps and spares for different classes of ships from Ministry of Defense (Navy) for Rs 14.3 crore  which is to be executed over a period of 24 months. This contract for on board centrifugal pumps will greatly strengthen WPIL product offering to the Indian Navy which is undergoing a major fleet expansion program.

Rutschi divestment on course for completion by the end of CY2023. The European Subsidiary Gruppo Aturia SPA has entered into a share purchase Agreement for sale of its Rutschi Business for a consideration of Euro 68.7 million.