|
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 Dec 17, WPIL registered a 57% increase in standalone net sales to Rs 113.77 crore. OPM however was lower by 580 bps to 10.4%, thus restricting the OP growth to 1% to Rs 11.88 crore. Other income was higher by 27% to Rs 0.85 crore. Interest costs stood at Rs 2.74 crore down by 4% YoY. Depreciation costs was higher by 8% to Rs 0.82 crore. Thus PBT stood at Rs 9.17 crore, up by 4% YoY. After providing total tax of Rs 3.25 crore, up by 29%, standalone PAT stood at Rs 5.92 crore, down by 6% YoY.
Performance for 9 ended Dec 17
For 9 months ended Dec 17, company reported net sales growth of 56% to Rs 247.83 crore. OPM stood at 8.5% down by 630 bps thus resulting in a 10% fall in OP to Rs 21.15 crore. Other income was higher by 117% to Rs 11.46 crore thus resulting in a 13% increase in PBIDT to Rs 32.61 crore. Interest cost was lower by 9% to Rs 7.77 crore and depreciation was higher by 9% to Rs 2.44 crore resulting in a 24% increase in PBT to Rs 22.40 crore. After providing total tax of Rs 8.43 crore, up by 61%, PAT for 9 months ended Dec 17 stood at Rs 13.97 crore up by 8% YoY.
|