Consolidated net sales (including other operating income) of WPIL for the quarter ended Mar 2023 has increased 35.87% to Rs 574.13 crore. Sales of Pumps and Accessories segment has gone up 25.66% to Rs 257.04 crore (accounting for 44.77% of total sales). Sales of Project (Works Contract) segment has gone up 45.45% to Rs 317.09 crore (accounting for 55.23% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 38.47% to Rs 129.70 crore. PBIT of Pumps and Accessories segment rose 7.39% to Rs 60.23 crore (accounting for 46.43% of total PBIT). PBIT of Project (Works Contract) segment rose 84.85% to Rs 69.48 crore (accounting for 53.57% of total PBIT). PBIT margin of Pumps and Accessories segment fell from 27.42% to 23.43%. PBIT margin of Project (Works Contract) segment rose from 17.24% to 21.91%. Overall PBIT margin rose from 22.17% to 22.59%. Operating profit margin has declined from 21.73% to 20.71%, leading to 29.51% rise in operating profit to Rs 118.93 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 48.43% to 55.54%. Employee cost decreased from 12.04% to 11.16%. Other expenses fell from 17.99% to 12.75%. Other income fell 17.27% to Rs 5.03 crore. PBIDT rose 26.61% to Rs 123.96 crore. Provision for interest rose 89.76% to Rs 7.97 crore. Loan funds declined from Rs 316.67 crore as of 31 March 2022 to Rs 257.79 crore as of 31 March 2023. Inventories rose to Rs 341.90 crore as of 31 March 2023 from Rs 295.50 crore as of 31 March 2022. Sundry debtors were higher at Rs 518.64 crore as of 31 March 2023 compared to Rs 426.78 crore as of 31 March 2022. Cash and bank balance rose to Rs 258.89 crore as of 31 March 2023 from Rs 213.07 crore as of 31 March 2022. Investments rose to Rs 19.72 crore as of 31 March 2023 from Rs 16.94 crore as of 31 March 2022 . PBDT rose 23.78% to Rs 115.99 crore. Provision for depreciation fell 13.08% to Rs 8.97 crore. Fixed assets increased to Rs 420.98 crore as of 31 March 2023 from Rs 367.93 crore as of 31 March 2022. Intangible assets declined from Rs 61.79 crore to Rs 55.04 crore. Profit before tax grew 28.34% to Rs 107.02 crore. Share of profit/loss was 103.70% higher at Rs 1.65 crore. Provision for tax was expense of Rs 29 crore, compared to Rs 23.76 crore. Effective tax rate was 26.69% compared to 28.22%. Minority interest decreased 30.97% to Rs 7.89 crore. Net profit attributable to owners of the company increased 46.46% to Rs 71.78 crore. Full year results analysis.
Net sales (including other operating income) of WPIL has increased 51.09% to Rs 1784.8 crore. Sales of Pumps and Accessories segment has gone up 19.14% to Rs 902.71 crore (accounting for 50.58% of total sales). Sales of Project (Works Contract) segment has gone up 108.23% to Rs 882.09 crore (accounting for 49.42% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 69.71% to Rs 334.96 crore. PBIT of Pumps and Accessories segment rose 40.21% to Rs 174.20 crore (accounting for 52.01% of total PBIT). PBIT of Project (Works Contract) segment rose 119.84% to Rs 160.75 crore (accounting for 47.99% of total PBIT). PBIT margin of Pumps and Accessories segment rose from 16.40% to 19.30%. PBIT margin of Project (Works Contract) segment rose from 17.26% to 18.22%. Overall PBIT margin rose from 16.71% to 18.77%. Operating profit margin has jumped from 17.80% to 18.19%, leading to 54.37% rise in operating profit to Rs 324.57 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 44.76% to 55.57%. Employee cost decreased from 17.03% to 12.09%. Other expenses fell from 20.76% to 14.45%. Other income rose 228.17% to Rs 28.19 crore. PBIDT rose 61.20% to Rs 352.76 crore. Provision for interest rose 24.12% to Rs 24.65 crore. Loan funds declined from Rs 316.67 crore as of 31 March 2022 to Rs 257.79 crore as of 31 March 2023. Inventories rose to Rs 341.90 crore as of 31 March 2023 from Rs 295.50 crore as of 31 March 2022. Sundry debtors were higher at Rs 518.64 crore as of 31 March 2023 compared to Rs 426.78 crore as of 31 March 2022. Cash and bank balance rose to Rs 258.89 crore as of 31 March 2023 from Rs 213.07 crore as of 31 March 2022. Investments rose to Rs 19.72 crore as of 31 March 2023 from Rs 16.94 crore as of 31 March 2022 . PBDT rose 64.90% to Rs 328.11 crore. Provision for depreciation fell 3.95% to Rs 35.79 crore. Fixed assets increased to Rs 420.98 crore as of 31 March 2023 from Rs 367.93 crore as of 31 March 2022. Intangible assets declined from Rs 61.79 crore to Rs 55.04 crore. Profit before tax grew 80.76% to Rs 292.32 crore. Share of profit/loss was 98.52% higher at Rs 2.68 crore. Provision for tax was expense of Rs 74.96 crore, compared to Rs 45.05 crore. Effective tax rate was 25.41% compared to 27.63%. Minority interest increased 46.05% to Rs 30.51 crore. Net profit attributable to owners of the company increased 95.13% to Rs 189.53 crore. Equity capital stood at Rs 9.77 crore as of 31 March 2023 to Rs 9.77 crore as of 31 March 2022. Per share face Value remained same at Rs 10.00. Promoters’ stake was 70.80% as of 31 March 2023 ,compared to 70.69% as of 31 March 2022 . Promoters pledged stake was 4.19% as of 31 March 2023 Cash flow from operating activities increased to Rs 187.24 crore for year ended March 2023 from Rs 114.56 crore for year ended March 2022. Cash flow used in acquiring fixed assets during the year ended March 2023 stood at Rs 39.67 crore, compared to Rs 25.25 crore during the year ended March 2022.
| WPIL : Consolidated Results | | | Quarter ended | Year ended |
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| Particulars | 202303 | 202203 | Var.(%) | 202303 | 202203 | Var.(%) |
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| Net Sales (including other operating income) | 574.13 | 422.57 | 35.87 | 1,784.80 | 1,181.28 | 51.09 | | OPM (%) | 20.71 | 21.73 | -102 bps | 18.19 | 17.80 | 39 bps | | OP | 118.93 | 91.83 | 29.51 | 324.57 | 210.25 | 54.37 | | Other Inc. | 5.03 | 6.08 | -17.27 | 28.19 | 8.59 | 228.17 | | PBIDT | 123.96 | 97.91 | 26.61 | 352.76 | 218.84 | 61.20 | | Interest | 7.97 | 4.20 | 89.76 | 24.65 | 19.86 | 24.12 | | PBDT | 115.99 | 93.71 | 23.78 | 328.11 | 198.98 | 64.90 | | Depreciation | 8.97 | 10.32 | -13.08 | 35.79 | 37.26 | -3.95 | | PBT | 107.02 | 83.39 | 28.34 | 292.32 | 161.72 | 80.76 | | Share of Profit/(Loss) from Associates | 1.65 | 0.81 | 103.70 | 2.68 | 1.35 | 98.52 | | PBT before EO | 108.67 | 84.2 | 29.06 | 295 | 163.07 | 80.90 | | EO Income | 0 | 0 | - | 0 | 0 | - | | PBT after EO | 108.67 | 84.2 | 29.06 | 295 | 163.07 | 80.90 | | Taxation | 29 | 23.76 | 22.05 | 74.96 | 45.05 | 66.39 | | PAT | 79.67 | 60.44 | 31.82 | 220.04 | 118.02 | 86.44 | | Minority Interest (MI) | 7.89 | 11.43 | -30.97 | 30.51 | 20.89 | 46.05 | | Net profit | 71.78 | 49.01 | 46.46 | 189.53 | 97.13 | 95.13 | | P/(L) from discontinued operations net of tax | -0.31 | 0.26 | PL | -0.36 | 0.2 | PL | | Net profit after discontinued operations | 71.47 | 49.27 | 45.06 | 189.17 | 97.33 | 94.36 | | EPS (Rs)* | 73.49 | 50.18 | 46.46 | 194.04 | 99.44 | 95.14 | | | * 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 | | | Quarter ended | Year ended |
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| % of (Total) | 202303 | 202203 | Var.(%) | % of (Total) | 202303 | 202203 | Var.(%) |
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| Sales | | Pumps and Accessories | 44.77 | 257.04 | 204.55 | 25.66 | 50.58 | 902.71 | 757.66 | 19.14 | | Project (Works Contract) | 55.23 | 317.09 | 218.01 | 45.45 | 49.42 | 882.09 | 423.62 | 108.23 | | Total Reported Sales | 100.00 | 574.13 | 422.57 | 35.87 | 100.00 | 1,784.80 | 1,181.28 | 51.09 | | Less: Inter segment revenues | | 0.00 | 0.00 | - | | 0.00 | 0.00 | - | | Net Sales | 100.00 | 574.13 | 422.57 | 35.87 | 100.00 | 1,784.80 | 1,181.28 | 51.09 | | PBIT | | Pumps and Accessories | 46.43 | 60.23 | 56.08 | 7.39 | 52.01 | 174.20 | 124.25 | 40.21 | | Project (Works Contract) | 53.57 | 69.48 | 37.59 | 84.85 | 47.99 | 160.75 | 73.12 | 119.84 | | Total PBIT | 100.00 | 129.70 | 93.67 | 38.47 | 100.00 | 334.96 | 197.37 | 69.71 | | Less : Interest | | 7.97 | 4.20 | 89.69 | | 24.65 | 19.86 | 24.14 | | Add: Other un-allcoable | | -13.07 | -5.26 | -148.28 | | -15.31 | -14.45 | -5.95 | | PBIT Margin(%) | | Pumps and Accessories | | 23.43 | 27.42 | -398.61 | | 19.30 | 16.40 | 289.89 | | Project (Works Contract) | | 21.91 | 17.24 | 467.10 | | 18.22 | 17.26 | 96.31 | | PBT | 100.00 | 108.66 | 84.20 | 29.05 | 100.00 | 294.99 | 163.06 | 80.91 |
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