|
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 18, WPIL registered a 10% increase in standalone net sales to Rs 125.48 crore. OPM inched higher to 23.2%, as compared to 10.4% thus resulting in a spurt in the OP growth to 145% to Rs 29.07 crore. Other income was higher by 112% to Rs 1.80 crore. Interest costs stood at Rs 1.09 crore down by 60% on YoY. Depreciation costs was up by 2% to Rs 0.84 crore. Thus PBT stood at Rs 28.94 crore, up by 216% YoY. After providing total tax of Rs 11.61 crore, up by 257%, standalone PAT stood at Rs 17.33 crore, up by 193% YoY.
Performance for 9 ended Dec 18
For 9 months ended Dec 18, company reported net sales growth of 56% to Rs 385.79 crore. OPM stood at 24.2% as compared to 8.5% for Dec 17 quarter, thus resulting in a 341% increase in OP to Rs 93.24 crore. Other income was lower by 9% to Rs 10.43 crore, thus resulting in a 341% increase in PBIDT to Rs 93.24 crore. Interest cost was lower by 38% to Rs 4.83 crore and depreciation was down by 1% at Rs 2.42 crore resulting in a 330% increase in PBT to Rs 96.42 crore. After providing total tax of Rs 34.26 crore, up by 306%, PAT for 9 months ended Dec 18 stood at Rs 62.16 crore up by 345% YoY.
The company has achieved major landmarks in designing and supplying large critical pumps using improved technologies.
The company remains committed to focus on growth strategies and organizational architectures to aggressively drive growth and increase profitability across all its business verticals.
|