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'15, WPIL registered a 37% fall in standalone net sales to Rs 62.08 crore. However, OPM was up by 370 bps to 13.1%, thus restricting the OP fall to 12%. Other income was lower by 45% to Rs 2.93 crore. Interest costs and depreciation costs were lower by 60% and 18% to Rs 0.94 crore and Rs 0.46 crore respectively. Thus PBT stood at Rs 9.69 crore, down by 17% YoY. After providing total tax of Rs 1.32 crore, down by 55%, standalone PAT stood at Rs 8.37 crore, down by 4% YoY.

Standalone Performance for the year ended Mar'15

For the year ended Mar'15, standalone net sales were down by 12% to Rs 233.03 crore. OPM was more or less flat at 14.2% resulting a 12% fall in OP to Rs 33.03 crore. Other income was down by 28% to Rs 4.64 crore due to higher dividend income for the year ended Mar'14. Interest costs was lower by 37% to Rs 11.17 crore and depreciation was up by 28% to Rs 2.75 crore. After providing total tax of Rs 6.91 crore, Standalone PAT for 12 months ended Mar'15 stood at Rs 16.84 crore down by 2% YoY.

Consolidated Performance for the year ended Mar'15

For the year ended Mar'15, consolidated net sales were down by 5% to Rs 483.02 crore. OPM was down by 260 bps to 13.4%, resulting in a 21% fall in OP to Rs 64.70 crore. Other income was up by 37% to Rs 2.43 crore, thus PBIDT stood at Rs 67.13 crore down by 19% YoY. Interest costs was up by 24% to Rs 28.57 crore and depreciation was up by 7% to Rs 7.21 crore. After providing total tax of Rs 11.07 crore, Consolidated PAT for 12 months ended Mar'15 stood at Rs 20.28 crore down by 49% YoY. After providing share of loss from Associates of Rs 1.53 crore and MI of Rs 0.26 crore, PAT after MI and Associates stood at Rs 18.49 crore, down by 39% YoY.

The company has recommended a dividend of Rs 2 per share of face value of Rs 10 each.