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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 17, WPIL registered a 2% fall in standalone net sales to Rs 60.66 crore. OPM was lower by 690 bps to 4%, thus resulting in OP fall by 64% to Rs 2.41 crore. Other income was higher by 91% to Rs 5.68 crore. Interest costs stood at Rs 2.37 crore down by 19% YoY. Depreciation costs was higher by 15% to Rs 0.85 crore. Thus PBT stood at Rs 4.87 crore, down by 19% YoY. After providing total tax of Rs 2.15 crore, up by 52%, standalone PAT stood at Rs 2.72 crore, down by 41% YoY.
Performance for H1 ended Sep 17
For H1 ended Sep 17, company reported net sales growth of 33% to Rs 134.06 crore. OPM stood at 7.1% down by 460 bps to 7.1% thus resulting in a 20% fall in OP to Rs 9.47 crore. Other income was higher by 130% to Rs 10.61 crore thus resulting in a 22% increase in PBIDT to Rs 20.08 crore. Interest cost was lower by 11% to Rs 5.04 crore and depreciation was higher by 23% to Rs 1.81 crore resulting in a 42% increase in PBT to Rs 13.23 crore. After providing total tax of Rs 5.19 crore, up by 92%, PAT for H1 ended Sep 17 stood at Rs 8.04 crore up by 22% YoY.
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