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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 Mar 19, WPIL registered a 16% decrease in standalone net sales to Rs 146.98 crore. OPM was lower and stood at 13.5%, as compared to 25.4% thus resulting in a 55% decrease in OP to Rs 19.87 crore. Other income was lower by 72% to Rs 2.24 crore. Interest costs stood at Rs 1.78 crore down by 34% on YoY. Depreciation costs was up by 7% to Rs 0.77 crore. Thus PBT stood at Rs 19.56 crore, down by 60% YoY. After providing total tax of Rs 8.28 crore, down by 45%, standalone PAT stood at Rs 11.28 crore, down by 66% YoY.
Performance for 12 ended Mar 19
For 12 months ended Mar 19, company reported net sales growth of 26% to Rs 533.07 crore. OPM stood at 21.8% as compared to 15.6% for Mar 18 quarter, thus resulting in a 76% increase in OP to Rs 116.35 crore. Other income was lower by 50% to Rs 9.45 crore, thus resulting in a 48% increase in PBIDT to Rs 84.78 crore. Interest cost was lower by 37% to Rs 6.61 crore and depreciation was up by 1% at Rs 3.20 crore resulting in a 63% increase in PBT to Rs 115.99 crore. After providing total tax of Rs 42.54 crore, up by 80%, PAT for 12 months ended Mar 19 stood at Rs 73.45 crore up by 54% YoY.
Consolidated Performance for 12 mths ended Mar 19
For 12 months ended Mar 19, company reported consolidated net sales growth of 37% to Rs 1156.47 crore. OPM stood at 20.2% as compared to 10.8% for Mar 18 quarter, thus resulting in a 157% increase in OP to Rs 234.01 crore. Other income was lower by 8% to Rs 20.65 crore, thus resulting in a 124% increase in PBIDT to Rs 254.66 crore. Interest cost was lower by 41% to Rs 13.12 crore and depreciation was down by 12% at Rs 19.42 crore resulting in a 222% increase in PBT to Rs 222.12 crore. After providing total tax of Rs 65.55 crore, up by 98%, PAT for 12 months ended Mar 19 stood at Rs 156.57 crore up by 336% YoY. After providing share of loss from associates of Rs 0.76 crore and MI of Rs 31.62 crore, as compared to gain at MI level of Rs 4.41 crore for Mar 18, consolidated PAT for FY 19 stood at Rs 125.71 crore up by 214%.
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