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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 18, WPIL registered a 94% increase in standalone net sales to Rs 117.86 crore. OPM inched higher to 17.8%, as compared to 4% thus resulting in a spurt in the OP growth to 771% to Rs 20.99 crore. Other income was higher by 101% to Rs 11.41 crore. Interest costs stood at Rs 1.08 crore down by 54% on YoY. Depreciation costs was down by 6% to Rs 0.80 crore. Thus PBT stood at Rs 30.52 crore, up by 527% YoY. After providing total tax of Rs 9.88 crore, up by 360%, standalone PAT stood at Rs 20.64 crore, up by 659% YoY.
Performance for 6 ended Sep 18
For 6 months ended Sep 18, company reported net sales growth of 94% to Rs 260.32 crore. OPM stood at 21.7% as compared to 16.9% for Sep 17 quarter, thus resulting in a 509% increase in OP to Rs 56.42 crore. Other income was higher by 54% to Rs 16.38 crore largely due to forex gains, thus resulting in a 266% increase in PBIDT to Rs 72.80 crore. Interest cost was lower by 26% to Rs 3.74 crore and depreciation was down by 2% at Rs 1.58 crore resulting in a 410% increase in PBT to Rs 67.48 crore. After providing total tax of Rs 22.65 crore, up by 336%, PAT for 6 months ended Sep 18 stood at Rs 44.83 crore up by 458% YoY.
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