WPWPIL505872Quarterly results

Board approved Q2 and H1 FY27 results; auditor's review conclusion unmodified

WPIL's Board considered and approved unaudited financial results (standalone and consolidated) for the quarter and half-year ended 30 September 2026; the Audit Committee reviewed them the same day before the Board meeting.

By ScoutQuest · Sat 31 Oct 2026, 1:07 PM IST · 3 min read

YoY change

Total income −16.9%; Profit after tax −35.1% (vs year ago 43,913.74 and 5,178.58)

Period

September 30, 2026 (Refer Note 7)

What the board meeting produced

• The Board of WPIL Limited considered and approved the unaudited financial results, both standalone and consolidated, for the quarter and half-year ended 30 September 2026. The meeting commenced at 11-30 hrs and concluded at 12-51 hrs.
• The Audit Committee reviewed the results at its meeting held the same day, prior to the Board meeting.
• Salarpuria & Partners, Chartered Accountants (Firm ICAI Regn. No. 302113E), issued the Limited Review Report on the consolidated results.

Auditor's review conclusion

• The conclusion is unmodified. Based on the review, nothing has come to the auditors' attention that causes them to believe the statement does not disclose the information required, or that it contains any material misstatement.
• A review is substantially less in scope than an audit, and the auditors do not express an audit opinion.
• For five joint operations, for a set of subsidiaries and for one associate and one joint venture, the auditors relied on the reports of other independent auditors; for one subsidiary of WPIL SA Holdings Pty Limited they relied on certification by the Board of Directors. They state their conclusion is not modified in respect of this reliance.

Consolidated quarterly numbers (Rs. in Lacs, unaudited)

• Revenue from Operations: 35,434.01 for the quarter ended 30 September 2026, against 42,602.23 for the quarter ended 30 September 2025 and 50,053.51 for the quarter ended 30 June 2026.
• Total Income: 36,500.04, against 43,813.74 a year earlier.
• Total Expenses: 32,744.92, against 36,858.49.
• Profit before tax: 4,117.14, against 7,146.96.
• Profit after tax: 3,361.00, against 5,178.58 a year earlier and 5,900.98 in the preceding quarter.
• Basic and diluted EPS: 2.27, against 4.20 a year earlier.

Consolidated half-year numbers (1 April 2026 to 30 September 2026)

• Revenue from Operations: 85,487.52, against 80,460.61 in the same half of the previous year.
• Total Income: 87,744.46, against 82,658.98.
• Profit after tax: 9,281.98, against 7,752.79.
• Basic and diluted EPS: 5.74, against 6.49.

Balance sheet snapshot (consolidated, Rs. in Lacs)

• Total Assets: 3,27,839.81 as at 30 September 2026, against 3,26,545.01 as at 31 March 2026.
• Total Equity: 2,03,881.52, against 1,96,545.24.
• Non-current borrowings: 6,552.73, against 9,259.74; current borrowings: 37,612.08, against 37,959.62.

Cash flow for the half-year (consolidated, Rs. in Lacs)

• Net cash from operating activities: 10,705.72, against a negative 9,856.69 in the same period a year earlier.
• Net cash used in investing activities: 3,638.40; net cash used in financing activities: 7,055.84.
• Net increase in cash and cash equivalents: 720.54; closing cash and cash equivalents 27,872.15.

Segment split for the quarter (consolidated, Rs. in Lacs)

• Pumps and Accessories revenue: 21,163.43, against 24,796.93 a year earlier; segment result 3,451.92.
• Project (Works Contract) revenue: 14,270.58, against 17,805.30; segment result 2,477.74.
• Geographical revenue: India 11,290.93 and Rest of World 24,143.06.

Group changes disclosed in the notes

• Amonzi Phampa Consultants (Pty) Limited held 31% of APE Pumps Pty Limited. During the quarter it exited APE and transferred back its entire shareholding, as per agreed terms, to WPIL SA Holdings Pty Limited, so APE became a wholly owned subsidiary of WPIL SA. This was accounted for as an equity transaction under Ind AS 110.
• WPIL SA also divested its entire stake in Amonzi, and the resultant gain or loss has been recognised.
• The consolidated results include Paterson Candy International (SA) Pty Ltd and its two subsidiaries, acquired during the quarter ended 30 June 2025, so the current period is not comparable with the period ended 30 September 2025 to that extent.
• The consolidated results cover the Company, 14 subsidiaries (including 13 step-down subsidiaries), 1 Associate, 1 Joint Venture and 5 Joint Operations.

What a reader can take away

• The quarter's revenue and profit after tax are lower than both the year-earlier quarter and the immediately preceding quarter, while the half-year revenue and profit after tax are higher than the same half of the previous year.
• The auditors' review conclusion is unmodified, with reliance placed on other auditors for certain group entities as described in their report.

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