Consolidated ne sales (including other operating income) of WPIL for the quarter ended Sep 2022 has increased 40.84% to Rs 404.29 crore. Operating profit margin has declined from 20.89% to 12.21%, leading to 17.68% decline in operating profit to Rs 49.36 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 41.54% to 61.71%. Employee cost decreased from 17.59% to 11.39%. Other expenses fell from 20.34% to 15.08%. PBIDT fell 5.12% to Rs 53.33 crore. Provision for interest rose 10.33% to Rs 5.98 crore. PBDT fell 6.77% to Rs 47.35 crore. Provision for depreciation fell 7.16% to Rs 8.43 crore. Profit before tax down 6.69% to Rs 38.92 crore. Provision for tax was expense of Rs 12.85 crore, compared to Rs 11.17 crore. Effective tax rate was 32.76% compared to 26.92%. Minority interest decreased 53.93% to Rs 2.99 crore. Net profit attributable to owners of the company decreased 1.89% to Rs 23.39 crore. - Sales of Pumps and Accessories segment has gone down 15.05% to Rs 191.98 crore (accounting for 47.49% of total sales). Sales of Project (Works Contract) segment has gone up 247.68% to Rs 212.31 crore (accounting for 52.51% of total sales).
- Profit before interest, tax and other unallocable items (PBIT) has slumped 9.33% to Rs 40.89 crore. PBIT of Pumps and Accessories segment fell 66.87% to Rs 13.09 crore (accounting for 32.01% of total PBIT). PBIT of Project (Works Contract) segment rose 397.04% to Rs 27.80 crore (accounting for 67.99% of total PBIT).
- PBIT margin of Pumps and Accessories segment fell from 17.48% to 6.82%. PBIT margin of Project (Works Contract) segment rose from 9.16% to 13.09%. Overall PBIT margin fell from 15.71% to 10.11%.
Standalone net sales has increased 117.44% to Rs 246.90 crore. Operating profit margin has declined from 20.12% to 10.77%, leading to 16.37% rise in operating profit to Rs 26.59 crore. PBIDT rose 43.49% to Rs 31.18 crore. Provision for interest up 37.56% to Rs 2.93 crore. PBDT rose 44.13% to Rs 28.25 crore. Provision for depreciation rose 6.02% to Rs 1.41 crore. Profit before tax grew 46.91% to Rs 26.84 crore. Provision for tax was expense of Rs 7.1 crore, compared to Rs 4.74 crore. Effective tax rate was 26.45% compared to 25.94%. Profit after tax rose 45.90% to Rs 19.74 crore.
On deducting standalone financial numbers from consolidated numbers, the sales of subsidiaries and JVs was down 9% to Rs 157.39 crore. The OPM was down to 14.5% from 21.4% in the corresponding previous period and thus the OP was down 39% to Rs 22.77 crore. The PBT was down 48% to Rs 12.09 crore. Half yearly performance Consolidated net sales (including other operating income) of WPIL has increased 37.36% to Rs 703.5 crore. Operating profit margin has declined from 16.57% to 14.16%, leading to 17.36% rise in operating profit to Rs 99.60 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 42.47% to 55.50%. Employee cost decreased from 19.75% to 13.75%. Other expenses fell from 21.38% to 16.94%. Other income rose 358.02% to Rs 7.42 crore. PBIDT rose 23.74% to Rs 107.02 crore. Provision for interest rose 9.55% to Rs 11.13 crore. PBDT rose 25.63% to Rs 95.89 crore. Provision for depreciation fell 4.03% to Rs 17.37 crore. Profit before tax grew 34.84% to Rs 78.52 crore. Share of profit/loss was 191.43% higher at Rs 1.02 crore. Provision for tax was expense of Rs 22.9 crore, compared to Rs 16 crore. Effective tax rate was 28.79% compared to 27.31%. Minority interest increased 14.44% to Rs 8.72 crore. Net profit attributable to owners of the company increased 37.07% to Rs 47.92 crore. Sales of Pumps and Accessories segment has gone down 1.14% to Rs 392.78 crore (accounting for 55.83% of total sales). Sales of Project (Works Contract) segment has gone up 170.56% to Rs 310.72 crore (accounting for 44.17% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 34.45% to Rs 89.10 crore. PBIT of Pumps and Accessories segment fell 6.32% to Rs 46.37 crore (accounting for 52.04% of total PBIT). PBIT of Project (Works Contract) segment rose 154.75% to Rs 42.74 crore (accounting for 47.96% of total PBIT). PBIT margin of Pumps and Accessories segment fell from 12.46% to 11.80%. PBIT margin of Project (Works Contract) segment fell from 14.61% to 13.75%. Overall PBIT margin fell from 12.94% to 12.67%.
Standalone net sales for half year ended Sep 2022 has increased 114.99% to Rs 378.15 crore. Operating profit margin has declined from 17.33% to 12.63%, leading to 56.66% rise in operating profit to Rs 47.75 crore. Other income up 38.03% to Rs 8.71 crore. PBIDT rose 53.47% to Rs 56.46 crore. Provision for interest up 41.69% to Rs 5.37 crore. PBDT rose 54.82% to Rs 51.09 crore. Provision for depreciation rose 7.12% to Rs 2.86 crore. Profit before tax grew 59.02% to Rs 48.23 crore. Provision for tax was expense of Rs 12.52 crore, compared to Rs 7.91 crore. Effective tax rate was 25.96% compared to 26.08%. Profit after tax rose 59.28% to Rs 35.71 crore. Equity capital stood at Rs 9.77 crore as of 30 September 2022 to Rs 9.77 crore as of 30 September 2021. Per share face Value remained same at Rs 10.00. Promoters’ stake was 70.69% as of 30 September 2022 ,compared to 70.66% as of 30 September 2021 . Loan funds rose to Rs 271.13 crore as of 30 September 2022 from Rs 245.25 crore as of 30 September 2021. Inventories rose to Rs 297.93 crore as of 30 September 2022 from Rs 257.29 crore as of 30 September 2021. Sundry debtors were higher at Rs 400.53 crore as of 30 September 2022 compared to Rs 241.86 crore as of 30 September 2021. Cash and bank balance rose to Rs 216.23 crore as of 30 September 2022 from Rs 202.08 crore as of 30 September 2021. Investments rose to Rs 17.96 crore as of 30 September 2022 from Rs 15.93 crore as of 30 September 2021 . Fixed assets increased to Rs 338.17 crore as of 30 September 2022 from Rs 322.18 crore as of 30 September 2021. Intangible assets declined from Rs 103.86 crore to Rs 53.09 crore. Cash flow from operating activities decreased to Rs 84.32 crore for YTD ended September 2022 from Rs 111.62 crore for YTD ended September 2021. Cash flow used in acquiring fixed assets during the YTD ended September 2022 stood at Rs 16.97 crore, compared to Rs 10.75 crore during the YTD ended September 2021.
| WPIL : Consolidated Results | | | Quarter ended | Year to Date | Year ended |
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| Particulars | 202209 | 202109 | Var.(%) | 202209 | 202109 | Var.(%) | 202203 | 202103 | Var.(%) |
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| Net Sales (including other operating income) | 404.29 | 287.06 | 40.84 | 703.50 | 512.14 | 37.36 | 1,181.28 | 994.83 | 18.74 | | OPM (%) | 12.21 | 20.89 | -868 bps | 14.16 | 16.57 | -241 bps | 17.80 | 15.74 | 206 bps | | OP | 49.36 | 59.96 | -17.68 | 99.60 | 84.87 | 17.36 | 210.25 | 156.58 | 34.28 | | Other Inc. | 3.97 | -3.75 | LP | 7.42 | 1.62 | 358.02 | 8.59 | 9.46 | -9.20 | | PBIDT | 53.33 | 56.21 | -5.12 | 107.02 | 86.49 | 23.74 | 218.84 | 166.04 | 31.80 | | Interest | 5.98 | 5.42 | 10.33 | 11.13 | 10.16 | 9.55 | 19.86 | 22.50 | -11.73 | | PBDT | 47.35 | 50.79 | -6.77 | 95.89 | 76.33 | 25.63 | 198.98 | 143.54 | 38.62 | | Depreciation | 8.43 | 9.08 | -7.16 | 17.37 | 18.1 | -4.03 | 37.26 | 36.95 | 0.84 | | PBT | 38.92 | 41.71 | -6.69 | 78.52 | 58.23 | 34.84 | 161.72 | 106.59 | 51.72 | | Share of Profit/(Loss) from Associates | 0.31 | -0.21 | LP | 1.02 | 0.35 | 191.43 | 1.35 | 2.17 | -37.79 | | PBT before EO | 39.23 | 41.5 | -5.47 | 79.54 | 58.58 | 35.78 | 163.07 | 108.76 | 49.94 | | EO Income | 0 | 0 | - | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 39.23 | 41.5 | -5.47 | 79.54 | 58.58 | 35.78 | 163.07 | 108.76 | 49.94 | | Taxation | 12.85 | 11.17 | 15.04 | 22.9 | 16 | 43.12 | 45.05 | 30.5 | 47.70 | | PAT | 26.38 | 30.33 | -13.02 | 56.64 | 42.58 | 33.02 | 118.02 | 78.26 | 50.81 | | Minority Interest (MI) | 2.99 | 6.49 | -53.93 | 8.72 | 7.62 | 14.44 | 20.89 | 14.51 | 43.97 | | Net profit | 23.39 | 23.84 | -1.89 | 47.92 | 34.96 | 37.07 | 97.13 | 63.75 | 52.36 | | P/(L) from discontinued operations net of tax | -0.02 | -0.02 | 0 | -0.03 | -0.04 | 25.00 | 0.2 | 20.43 | -99.02 | | Net profit after discontinued operations | 23.37 | 23.82 | -1.89 | 47.89 | 34.92 | 37.14 | 97.33 | 84.18 | 15.62 | | EPS (Rs)* | 23.95 | 24.40 | -1.85 | 49.07 | 35.79 | 37.10 | 99.44 | 65.27 | 52.35 | | | * EPS is on current equity of Rs 9.77 crore, Face value of Rs 10, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
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| WPIL : Consolidated Segment Results | td>-| | Quarter ended | Year to Date | Year ended |
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| % of (Total) | 202209 | 202109 | Var.(%) | % of (Total) | 202209 | 202109 | Var.(%) | % of (Total) | 202203 | 202103 | Var.(%) |
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| Sales | | Pumps and Accessories | 47.49 | 191.98 | 225.99 | -15.05 | 55.83 | 392.78 | 397.30 | -1.14 | 64.14 | 757.66 | 773.74 | -2.08 | | Project (Works Contract) | 52.51 | 212.31 | 61.06 | 247.68 | 44.17 | 310.72 | 114.84 | 170.56 | 35.86 | 423.62 | 221.10 | 91.60 | | Total Reported Sales | 100.00 | 404.29 | 287.06 | 40.84 | 100.00 | 703.50 | 512.14 | 37.37 | 100.00 | 1,181.28 | 994.83 | 18.74 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 404.29 | 287.06 | 40.84 | 100.00 | 703.50 | 512.14 | 37.37 | 100.00 | 1,181.28 | 994.83 | 18.74 | | PBIT | | Pumps and Accessories | 32.01 | 13.09 | 39.50 | -66.87 | 52.04 | 46.37 | 49.49 | -6.32 | 62.95 | 124.25 | 90.65 | 37.07 | | Project (Works Contract) | 67.99 | 27.80 | 5.59 | 397.04 | 47.96 | 42.74 | 16.78 | 154.75 | 37.05 | 73.12 | 52.16 | 40.18 | | Total PBIT | 100.00 | 40.89 | 45.09 | -9.33 | 100.00 | 89.10 | 66.27 | 34.45 | 100.00 | 197.37 | 142.81 | 38.21 | | Less : Interest | | 5.98 | 5.42 | 10.45 | | 11.13 | 10.16 | 9.58 | | 19.86 | 22.50 | -11.76 | | Add: Other un-allcoable | | 4.33 | 1.82 | 137.74 | | 1.57 | 2.46 | -36.16 | | -14.45 | -11.55 | -25.18 | | PBIT Margin(%) | | Pumps and Accessories | | 6.82 | 17.48 | -1,066.14 | | 11.80 | 12.46 | -65.33 | | 16.40 | 11.72 | 468.38 | | Project (Works Contract) | | 13.09 | 9.16 | 393.45 | | 13.75 | 14.61 | -85.37 | | 17.26 | 23.59 | -633.13 | | PBT | 100.00 | 39.23 | 41.50 | -5.46 | 100.00 | 79.55 | 58.58 | 35.80 | 100.00 | 163.06 | 108.76 | 49.93 |
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