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Profit before tax increased 29.05% to Rs 108.66 crore in Q4 FY23 as compared with Rs 84.20 crore in corresponding quarter last year.
Total expense stood at Rs 472.14 crore (up 36.75% YoY), cost of material consumed was at Rs 96.18 crore (up 25.94% YoY), employee benefit expense stood at Rs 64.62 crore (up 25.89% YoY), finance cost was at Rs 7.97 crore (up 89.76% YoY) during the period under review.
On full year basis, the company's net profit surged 94.37% to Rs 189.16 crore in FY23 as compared with Rs 97.32 crore in FY22. Revenue from operations increased 51.09% year on year to Rs 1,784.79 crore in FY23.
WPIL is principally engaged in designing, developing, manufacturing, erecting, commissioning and servicing of pumps & pumping systems.
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