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WPIL Ltd — Audit Report / Information 2022
May 20, 2022
62191_rns_2022-05-20_5d0dc9bb-ac88-4094-9cff-b30c62d5bf98.pdf
Audit Report / Information
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!of �. -m��']1J�ed \�i, 84/1A, TOPSIA ROAD (SOUTH), KOLKATA. 700 046 WEB : http: .wpll,co.in TEL. : (91 33) 4055 6800, FAX : (91 33) 4055 6835 CIN No. L36900WB1952PLC020274
20th May, 2022
The Listing Compliance BSE Limited, 1st Floor, Rotunga Building, New Marine Lines Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai-400001.
Scrip Code :- 505872
Dear Sir,
Pursuant to Regulation 33(3)(d) of the SEBI (listing Obligations and Disclosure requirements) Regulations, 2015, please find attached Audited Financial Results (AFR) of the company (both standalone and consolidated) in the prescribed format for the quarter and year ended 31st March, 2022 which was considered, approved and taken on records by the Board of Directors at their meeting held on 20th instant along with the Auditor Reports. These documents are being filed immediately after the conclusion of the Board Meeting in terms of the requirements of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Further declaration to the effect that Audit Reports on the financial statements of the Company (both standalone and consolidated) for the year ended 31st March, 2022 are with unmodified opinion is also attached.
Thanking you
Yours faithfully For WPIL LIMITED
u . .1..... __ ...._
(U.CIIAKRA VARTY) General Manager (Finance) & Company Secretary and Compliance Officer
Enclo. As Above
-
- ...... _ ... _ c,;;;i
' WORKS : PANIHATI: 22, FERRY FUND ROAD (PANIHATI), KOLKATA- 700 114, TEL.: (033) 2583 3459 GANIPUR: BIREN ROY ROAD (WEST), GANIPUR, 24 PGS (S), KOLKATA-700141, PH.: 8100391197, (033) 24880976 GHAZIABAD : A-5, SECTOR - XXII, MEERUT ROAD, GHAZIABAD - 201 003, UTIAR PRADESH, TEL.: (0120) 3015 784 / 703 / 711, FAX: (0120) 3015 740
��!. �ed \�, �J;,t�
84/1A, TOPSIAROAD (SOUTH), KOLKATA- 700 046 TEL. : (91 33) 4055 6800, FAX : (91 33) 4055 6835 WEB : http: .wpll,co.in CINNo.L36900WB1952PLC020274
20[1h ] May, 2022
Department of Listing BSE Limited, 1st Floor, Rotunga Building, New Marine Lines Phiroze Jeejeebhoy Tower, Dalal Street, Mumbai-400001.
Scrip Code 505872
Dear Sir,
Sub:- Audit Report with unmodified opinion
In terms of Circular bearing No. CIR/CFD/CMD/56/2016 dated 27th May, 2016 issued by the Securities and Exchange Board of India (SEBI) relating to amendments made in Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015, we declare that the Audit Reports on the Standalone and consolidated financial statements of the Company for the year ended 31st March, 2022 as submitted to you are with unmodified opinion i.e without any qualific�tion.
Thanking you.
Yours faithfully
'L---' µ.,
(U.Chakravarty) General Manager (Finance) and Company Secretary Compliance Officer
WORKS : PANIHATI : 22, FERRY FUND ROAD (PANIHATI), KOLKATA- 700 114, lEI : (033) 2583 3459 GANIPUR: BIREN ROY ROAD (WEST), GANIPUR, 24 PGS (S), KOLKATA-700141, PH.: 8100391197, (033) 24880976 • GH AD : A-5, SECTOR - XXII, MEERUT ROAD, GHAZIABAD - 201 003, UTTAR PRADESH, " . - . TEL.: (0120) 3015 784 / 703 / 711, FAX: (0120) 3015 740 ti
.
..
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Salarpuria a Partners CHARTERED ACCOUNTANTS
7, C . R . AVENUE, KOLKATA- 700 072 Phone : 2237 5400 I 5401, 4014 5400 - 5410 website : www.salarpuriajajodia.com e-mail : [email protected] [email protected] Branches at New Delhi & Bangalore
Independent Auditor's Report on the Quarterly and Year-to- Date Audited Consolidated Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
TO THE BOARD OF DIRECTORS OF
WPIL Limited,
Opinion
We have audited the accompanying Statement of Consolidated Financial Results of WPIL Limited ("Holding company") and its subsidiaries (holding company and its subsidiaries together referred to as "the Group"), its associates and jointly controlled entities for the quarter ended 31st March ,2022 and for the year ended 31st March,2022 ("the Statement"), being submitted by the holding company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the reports of the other auditors on separate financial statements/ financial information of subsidiaries, associates and jointly controlled entities, the Statement:
- a. includes the results of the following entities:
| Entity Name | Relationship | |||
|---|---|---|---|---|
| WPIL Limited | Parent Company | |||
| Sterling Pumps Pty Limited(SPL) | Direct Subsidiary" | |||
| U.C.P. Australia Pty Limited | Subsidiary of SPL | |||
| AturiaInternational Pte Limited(AIPL) | Direct Subsidiary | |||
| a)Mathers Foundry Limited | Subsidiary ofAIPL | |||
| b) WPIL SA Holdings Pty Limited(SAHPL) | SubsidiaryofAIPL | |||
| i)APE PumpsPtyLimited | Subsidiary of SAHPL | |||
| ii) Mather&Platt(SA)Pty Limited | Subsidiary of SAHPL | |||
| iii) PSV Zambia Limited | Subsidiarof SAHPL | |||
| c)GruppoAturia S.p.A(GA) | Subsidiary ofAIPL | |||
| - | ||||
| i) Rutschi FluidAG | Subsidiarof GA | |||
| ., | ||||
| ii)Pompes Rutschi SAS | SubsidiarofGA | /( ii4 |
||
| d) WPIL(Thailand) Co. Limited | Joint venture ofAIPL | I_ 1, '., ',\ { . I |
||
| Clyde PumpsIndia Private Limited | DirectAssociate | , �' | :."/ ·... |
==> picture [79 x 52] intentionally omitted <==
Salarpuria 8 Partners CHARTERED ACCOUNTANTS
7, C. R. AVENUE, KOLKATA - 700 072 Phone : 2237 5400 I 5401, 4014 5400 - 541 O website : www.salarpuriajajodia.com e-mail : [email protected] [email protected] Branches at New Delhi & Bangalore
| WPIL-SMSJV | Joint operation |
|---|---|
| WPIL-MHI JV | Joint operation |
| Ranjit-WPIL JV | Joint operation |
| WPIL-SARTHI JV | Joint operation |
| WPIL - JWIL JV | Joint operation |
b. is presented in accordance with the requirements of Regulation 33 of the Listing Regulations, as amended; and
c. gives a true and fair view, in conformity with the applicable accounting standards, and other accounting principles generally accepted in India, of consolidated total comprehensive income (comprising of net [profit] and other comprehensive income) and other financial information ofthe Group for the quarter ended 31st March,2022 and for the year ended 31st March,2022.
Basis for Opinion
We conducted our audit in accordance with the Standards on Auditing (SAs) specified under section 143(10) of the Companies Act, 2013 (the Act). Our responsibilities under those Standards are further described in the Auditor's Responsibilities for the Audit of the Consolidated Financial Results section of our report. We are independent of the Group, its associates and jointly controlled entities in accordance with the Code of Ethics issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our audit of the financial statements under the provisions of the Companies Act, 2013 and the Rules thereunder, and we have fulfilled our other ethical responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence obtained by us and other auditors in terms of their reports referred to in "Other Matter" paragraph below, is sufficient and appropriate to provide a basis for our opinion.
Management's Responsibilities for the Consolidated Financial Results
The statement has been prepared on the basis of the consolidated annual financial statements.
The Holding Company's Board of Directors are responsible for the preparation and presentation of these consolidated financial results that give a true and fair view of the net profit/loss and other comprehensive income/(loss) and other financial information of the Group including its associate, joint venture andu·�·�:::::,.... operations in accordance with the applicable Ind Accounting Standards prescribed under Sectio � read with relevant rules issued thereunder and other accounting principles generally accepted ia and0i -1,-. compliance with Regulation 33 of the Listing Regulations. � e,\a�\�\:ti\S ;;: }} G... p..� Cri r: The respective Board of Directors of the companies included in the Group and of its associate, J i� ntur ,.r;ltj�! joint operations are responsible for maintenance of adequate accounting records in accordance · -tlffb\Y,.'c> �./ provisions of the Act for safeguarding of the assets of the Group and its associate, joint venture and join operations and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making judgments and estimates that are reasonable and prudent; and the design, implementation and maintenance of adequate internal financial controls, that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the consolidated financial results that give a true and fair view and are free from material
:�
Salarpuria 8 Partners
CHARTERED ACCOUNTANTS
7, C. R. AVENUE, KOLKATA - 700 072 Phone: 2237 5400 / 5401, 4014 5400 - 5410 website : www.salarpuriajajodia.com e-mail : [email protected] [email protected] Branches at New Delhi & Bangalore
misstatement, whether due to fraud or error, which have been used for the purpose of preparation of the consolidated financial results by the Directors of the Holding Company, as aforesaid.
In preparing the consolidated financial results, the respective Board of Directors of the companies included in the Group and of its associate, joint venture and joint operations are responsible for assessing the ability of the Group and of its associate, joint venture and joint operations to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the respective Board of Directors either intends to liquidate the Group or to cease operations, or has no realistic alternative but to do so.
The respective Board of Directors of the companies included in the Group and of its associate, joint venture and joint operations are responsible for overseeing the financial reporting process of the Group and of its associate, joint venture and joint operations.
Auditor's Responsibilities for the Audit of the Consolidated Financial Results
Our objectives are to obtain reasonable assurance about whether the Consolidated Financial Results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these Consolidated Financial Results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
-
Identify and assess the-risks of material misstatement of the Statement, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
-
Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal financial control to financial results in place and the operating effectiveness of such controls. '?". � 1'?r.,,,_,. � � � -.. �\fl, �� •
-
• Evaluate the appropriateness of accounting policies used and the reasonableness of . � 11.t1tl�!ti ;#, and related disclosures made by the Board of Directors. \ cs'.-b'i"-� 1/J .>f>,s _,,. \�//
-
• Conclude on the appropriateness of the Board of Directors' use of the going concern basis�tt'bunting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the ability of the Group and its associate, joint venture and joint operations to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the Consolidated Financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may
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Salarpuria a Partners CHARTERED ACCOUNTANTS
7, C. R. AVENUE, KOLKATA - 700 072 Phone: 2237 5400 / 5401, 4014 5400- 5410 website: www.salarpuriajajodia.com e-mail : [email protected] [email protected] Branches at New Delhi & Bangalore
cause the Group and its associate, joint venture and joint operations to cease to continue as a going concern.
-
Evaluate the overall presentation, structure and content of the Statement, including the disclosures, and whether the Consolidated Financial Results represent the underlying transactions and events in a manner that achieves fair presentation.
-
Obtain sufficient appropriate audit evidence regarding the financial results/financial information of the entities within the Group and its associate, joint venture and joint operations of which we are independent auditors to express an opinion on the Statement. We are responsible for the direction, supervision and performance of the audit of financial information of such entities included in the Consolidated Financial Results of which we are the independent auditors. For the other entities included in the Statement, which have been audited by other auditors, such other auditors remain responsible for the direction, supervision and performance of the audits carried out by them. We remain solely responsible for our audit opinion.
We communicate with those charged with governance of the Holding Company and such other entities included in the Statement of which we are the independent auditors regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
We also performed procedures in accordance with the Circular issued by the-SEBI under Regulation 33(8) of the Listing Regulations, as amended, to the extent applicable.
Other Matters
The accompanying Statement include the audited financial results/financial information of five (5) joint operations, whose financial statements and other financial information reflect total assets of Rs. 7970.98 lakhs as at March 31, 2022 and total revenues of Rs. 3234.71 lakhs and Rs. 6973.32 lakhs, total net profit after tax of Rs. NIL and Rs. NIL and total comprehensive income of Rs. NIL and Rs. NIL for the quarter ended March 31, 2022 and for the period ended on that date respectively, and net cash inflow of Rs. 484.66 lakhs for the year ended March 31, 2022, as considered in the audited standalone financial results which have been audited by their respective other auditors.
these joint operations have been furnished to us, and our opinion on the Statement, in so far the amounts and disclosures included in respect of these joint operations, is based solely on t such other auditors.
subsidiaries of WPIL SA Holdings Pty Limited (SAHPL) and consolidated financial information/ financial results of
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Salarpuria a Partners CHARTERED ACCOUNTANTS
7, C. R. AVENUE, KOLKATA - 700 072 Phone: 2237 5400 / 5401, 4014 5400- 5410 website : www.salarpuriajajodia.com e-mail : [email protected] [email protected] Branches at New Delhi & Bangalore
one (1) subsidiary of AIPL including its two (2) subsidiaries included in the consolidated financial statements, whose financial information/financial results reflect total assets of Rs. 1,16,799.35 Lakhs asat March 31,2022, and total revenues of Rs. 18,259.75 lakhs and Rs. 66,473.83 lakhs, total net profit after tax ofRs. 2,799.43 lakhs and Rs. 5,299.62 lakhs, total comprehensive income of Rs. 3,869.72 lakhs and Rs. 5,987.41 lakhs, forthequarter ended and year ended March 31,2022 respectively, and net cash inflows of Rs. 2109.19 lakhsforthe year ended March 31,2022, as considered in the Statement. We also did not audit/review the financial information/financial result of one (1) associate included in the consolidated financial results, whose financial information/financial results reflect total net profit/ of Rs. 59.61 lakhs and Rs. 99.84 lakhs and total comprehensive income of Rs. 59.61 lakhs and Rs. 99.84 lakhs for the quarter and year ended March 31,2022. These financial information/ financial results have been audited by their respective other auditors whose reports havebeenfurnishedtous by the Management,andourconclusion on the Statement in so far as it relates to the amounts and disclosures included in respect of these subsidiaries, is based solely on the report of such other auditors and the procedures performed by us. The accompanying statement of Audited Consolidated financial results include financial statement in respect of one (1) joint venture of Aturia International Pte Ltd (direct subsidiary) of the company, which have been certified by the management, whose total net profit are Rs. 21.41 lakhs and Rs. 35.04 lakhs and total comprehensive income are Rs. 21.41 lakhs and Rs. 35.04 lakhs for the quarter and year ended on 31st March, 2022. Our opinion is not modified in this regard.
Certain of these subsidiaries (dire ct and step-down) a re located outside India whose financial results and other financial information have been prepared in accordance withaccountingprinciplesgenerallyaccepted intheir respective countries and which have been audited by other auditors under generally accepted auditing standards applicable in their respective countries. The Parent Company's management has converted the financial results of such subsidiaries located outside India from accounting principles generally accepted in their respective countries to accounting principles generally accepted in India. We have reviewed these conversion adjustments madebytheParentCompany'smanagement. Our conclusion insofar as it relates to the balances and affairs of such subsidiaries located outside India is based on the reportofotherauditors and the conversion adjustments prepared by the management of the Parent Company and reviewed by us.
Our opinion on the consolidated Financial Results is not modified in respect of the above matters with respect to our reliance on the work done and the reports of the other auditors and the Financial Results/financial information certified by the Board of Directors.
For Salarpuria & Partners Chartered Accountants (Firm ICAI Regd. No.302113E)
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Anand Prakash
Membership No: 056485 UDIN: �Jo664 g5Ai)H L(J(T� 4 Place: Kolkata Date: 20th May, 2022
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WPIL Limited
C I N : L36900WB1952PLC020274
Registered Office: "Trinity Plaza", 3rd floor, 84/1A Topsia Road (South), Kolkata - 700046 Statement of Audited Consolidated Financial Results For the Quarter and Year ended 31st March, 2022
| Rs In Lacs | ||||||||
|---|---|---|---|---|---|---|---|---|
| Quarer ended | Year | ended | ||||||
| SI. | Pariculars | March 31, 2022 (Refer Note 9) |
December 31, 2021 |
March 31, 2021 (Refer Note 9) |
March 31, 2022 |
March 31, 2021 |
||
| Audited | Unaudited | Audited | Audited | Audited | ||||
| 1. | Income | |||||||
| a) | Revenue from Operations | 42,256.52 | 24,657.23 | 35,321.81 | 1,18,127.78 | 99,463.06 | ||
| b) | Other Income | 607.75 | 89.25 | 461.45 | 859.14 | 946.21 | ||
| Total Income | 42,864.27 | 24,746.48 | 35,783.26 | 1,18,986.92 | 1,00,429.27 | |||
| 2. | Expenses | |||||||
| a) | Cost of Materials and components consumed | 20,650.40 | 11,324.72 | 12,745.31 | 53,962.93 | 40,289.88 | ||
| b) | Changes in inventories of Finished Goods and Work in Progress | (381.91) | (1,488.98) |
736.30 | (2,424.60) | 2,202.01 |
||
| c) | Employee Benefts Expense | 5,133.89 | 5,173.82 | 4,950.15 | 20,534.11 | 19,292.66 | ||
| 3. | d) e) f |
Finance Costs Profit before Tax and share of profit(loss) of an associate and a joint venture (1-2) Depreciation and amorisation expenses OtherExpenses TotlExpenses |
420.28 1,032.48 7.670.08 34,525.22 8,339.05 |
549.75 883.70 6,294.01 22,737.02 2,009.46 |
655.74 913.31 8.925.94 28,926.75 6,856.51 |
1,985.68 3,726.37 25.031.39 1,02,815.88 16,171.04 |
2,250.36 3,694.99 22,040.21 89,770.11 10,659.16 |
|
| 4. | Share of profit(loss) of an associate and a Joint venture | 81.02 | 18.62 | (28.95) | 134.88 | 216.51 | ||
| 5. | Profit before Tax (3+4) | 8,420.07 | 2,028.08 | 6,827.56 | 16,305.92 | 10,875.67 | ||
| 6. | Tax Expenses | |||||||
| - Current tax | 1,784.94 | 669.39 | 1,415.72 | 3,867.56 | 3,199.68 | |||
| 7. 8. 9. 10. 11. |
-Deferred tax expenseI(credit) Total Profit afer Tax from continuing operations (5-) Proft(Loss) before tax from discontinued operation Tax expense of discontinued operation Net Profit(Loss) afertx from discontinued operation Net Profit afertx from continuing operations&discontinued operation (7+8) Other Comprehensive income/(loss)(net of tax) Items not to be reclassified to profit or loss in subsequentperiods: Re-measurement gainsI(losses) on defned beneft plan Income tax efect relatingtoabove Items to be reclassifedtoprofit or loss in subsequent periods: Exchange diferences on translation of foreign operations TotalOtherComprehensive lncome/(Loss) (net of tax) TotalComprehem;ive Income(9+10) |
591.12 2,376.06 6,04.01 (4.78) (30.95) 26.17 6,070.18 330.35 (71.39) 954.88 1,213.84 7,284.02 |
(140.65) 528.74 1,499.34 (1.92) (1.921 1,497.42 (9.75) 2.50 ,,./ .': (371.85) (379.10) 1,118.32 530.92 1,946.6 4,880.92 4,880.92 220.04 (30.97) (948.78) (759.71) 4,121.21 |
636.94 4,504.50 11,801.42 (10.57) (30.95) 20.38 11,821.80 301.10 (63.90) 491.62 728.82 12,660.62 |
(149.49) 3,050.19 7,825.4 2,565.26 521.84 2,043.42 9,868.90 147.98 (28.01) 1,278.31 1.398.28 11,267.18 |
|||
| 12. 13. 14. 15. |
Profit atributable to: Equitholders of the Parent Non-Controlling interest TotlComprehensiveIncome atributbleto: Equitholderof the Parent Non-Controllinginterest Paid UpEquitShare Capital (Face value of EquitShare - Rs. 10 per share) OtherEquit Basic andDilutedEarningPer Share from continuing operations (Rs.) Basic andDilutedEarningPer Sharefrciscontinued operation (Rs.) Basic and Diluted EarningPerS � � ingoperations and discontinued operation(Rs.) *-0. (notannualized except for theye �,-·.•.,..��21 and31st March, 2022) > �;,. I0 |
6,070.18 4,927.34 1,142.84 7,284.02 5,679.68 1,604.34 976.71 50.29 0.16 50.45 |
1,497.42 1,313.03 184.39 1,118.32 1,078.39 39.93 976.71 13.45 (0.01) 13.44 |
4,880.92 3,752.61 1,128.31 4,121.21 3,297.86 823.35 976.71 38.42 38.42 |
11,821.80 9,732.76 2,089.04 12,550.62 10,178.09 2,372.53 976.71 62,472.88 99.52 0.13 99.65 |
9,868.90 8,417.92 1,450.98 11,267.18 9,302.88 1,964.30 976.71 53,271.50 73.31 12.87 86.19 |
- STATEMENT OF ASSETS AND LIABILITIES AS AT MARCH 31, 2022
| Rs. in Lacs | |||||||
|---|---|---|---|---|---|---|---|
| As at March31, | As at March31, | ||||||
| Pariculars | 2022 | 2021 | |||||
| (Audited) | (Audited) | ||||||
| I. | Asset | ||||||
| Non-current assets | |||||||
| a) Proper, Plant and Equipment | 31,643.49 | 32,358.82 | |||||
| b) Capital Work-in-progress | 915.30 | 55.75 | |||||
| c) Goodwill | 6,178.61 | 6,117.07 | |||||
| d) Other Intangible Assets | 4,234.53 | 4,374.71 | |||||
| e) Investmentin an associate and a Joint Venture | 1,606.53 | 1,471.66 | |||||
| fFinancial Assets | |||||||
| i) Investments | 87.11 | 83.93 | |||||
| ii) Trade Receivables | 4,945.43 | 3,755.99 | |||||
| iii) Other Financial Assets | 737.38 | 651.72 | |||||
| g) Deferred Tax Assets (net) | 149.48 | 914.10 | |||||
| h) Non Current Tax Assets | 783.44 | 381.19 | |||||
| i) Other Non Current Assets | 4 505.43 | 4,884.42 | |||||
| 55,786.73 | 55,049.36 | ||||||
| Current assets | |||||||
| a) Inventories | 29,549.92 | 25,331.61 | |||||
| b) Contract Assets | 24,919.63 | 17,60.20 | |||||
| c) Financial assets | |||||||
| i) Trade Receivables | 42,678.01 | 32,585.44 | |||||
| ii) Cash and Cash equivalents | 12,126.83 | 9,115.63 | |||||
| iii) Bank balances other than (ii) above | 9,180.13 | 6,121.23 | |||||
| iv) Loans | 5.98 | - | |||||
| v) Other Financial Assets | 781.01 | 486.04 | |||||
| d) Current Tax Assets (net) | 453.54 | 128.05 | |||||
| e) Other Current Assets | 5.256.52 | 5,221.81 | |||||
| 1,24,951.57 | 96,630.01 | ||||||
| Total Assets | 1,80, 738.30 | 1,51,679.37 | |||||
| II. | Equit and liabilities | ||||||
| Equit | |||||||
| a) Equity Share Capital | 976.71 | 976.71 | |||||
| b) Other Equity | 62.472.88 | 53,271.50 | |||||
| Equity attributable to equity holders of the parent | 63,449.59 | 54,248.21 | |||||
| Non controlng interests | 7113.74 | 4,741.21 | |||||
| Total Equit | 70,563.33 | 58,989.42 | |||||
| Liabilities | |||||||
| i) Non - Current Liabilities | |||||||
| a) Flnancial Liabilities | |||||||
| i) Borrowings | 12,200.72 | 14,828.64 | |||||
| ia) Lease Liabilit | 2,473.88 | 2,777.39 | |||||
| ii) Other Financial Liabilities | - | 1.93 | |||||
| b) Provisions | 2,653.41 | 3,808.90 | |||||
| c) Deferred Tax Liabilities (net) | 199.36 | 252.92 | |||||
| 17,527.37 | 21,669.78 | ||||||
| ii) Current liabilities | |||||||
| a) Contract Liabilities | 28,444.13 | 22,805.91 | |||||
| b) Financial Liabiities | |||||||
| i) Borrowings | 15,707.78 | 12,581.98 | |||||
| ia) Lease Liability | 1,284.64 | 992.14 | |||||
| ii) Trade Payables | |||||||
| - Total outstanding dues of micro enterprises | and small | 1,021.41 | 523.13 | ||||
| enterprises | |||||||
| - Total outstanding dues of creditors other than | micro | 37,616.83 | 24,702.68 | ||||
| enterprises and small enterprises | |||||||
| i) Other Financial Liabilities | 1,994.23 | 1,903.41 | |||||
| c) Other Current Liabilities | 1,642.53 | 1,811.34 | |||||
| d) Provisions | 1,202.34 | 1,097.06 | |||||
| e) Current Tax Liabilities (net) | 3,733.71 | 4 602.52 | |||||
| 92,647.60 | 71,020.17 | ||||||
| Total liabilities Total equit and liabilities |
�?ILL� � � I � |
6 - I |
1,10,174.97 1,80, 738.30 |
92,689.95 1,51,679.37 |
' I |
||
| (�! '¢J -- � •ai{),¥o\�i |
I .-I\ | |
2, Consolidated Cash Flow Statement for the year ended March 31, 2022
| Rs in Lacs | |||||
|---|---|---|---|---|---|
| For the Year ended | For the Year ended | ||||
| March 31, 2022 | March | 31, 2021 | |||
| (Audited) | (Audited) | ||||
| A. | CASH FLOWS FROM OPERTING ACTIVITIES | ||||
| Profit before tax including discontinued operations and excluding share of profit of an | 16, 160.47 | 13,224.42 | |||
| associate and a joint venture | |||||
| Adjustment to reconcile profit before tax to net cash flows: | |||||
| Depreciation and Amorisation expenses | 3,726.37 | 3,694.99 | |||
| Prof on sale of Propery, Plant and equipment | (8.34) | (9.88) | |||
| Finance Costs | 1,985.68 | 2,250.36 | |||
| Bad Debts/advances written of (net of reversals) | 147.05 | 611.22 | |||
| Allowances for doubtful debts | 507.60 | 535.79 | |||
| Provision for future losses | - | - | |||
| Investment written of | 0.16 | 27.26 | |||
| Unrealized (gain)/loss on foreign exchange fluctuations (net) | - | - | |||
| Provrsrons/unspentliabilities no longer required writen back | (62.76) | (368.13) | |||
| Interest Income on loans and deposits | (588.36) | (177.01) | |||
| Operating Profit before Working Capital changes | 21,867.87 | 19,789.02 | |||
| Adjustment for: | |||||
| Increase in trade payables | 13,475.19 | 2,014.93 | |||
| Increase in contract liabilities | 5,638.22 | 6,029.37 | |||
| Increase in trade receivables | (11,624.16) | (109.27) | |||
| Decrease/(lncrease) in inventories | (4,218.31) | 1,194.94 | |||
| Increase in contract assets | (7,279.43) | (6,547.16) | |||
| lncrease/(decrease) in Other Liabilities | (831.36) | 238.46 | |||
| Decrease/(lncrease) in Other Assets | (148.90) | 1,984.32 | |||
| Cash generated from operations | 16,879.12 | 24,594.62 | |||
| Taxes Paid (net) | (5,422.94) | (1,621.58) | |||
| Net Cash from/(used) in Operating Activities | 11,456.18 | 22,973.04 | |||
| B. | CASH FLOWS FROM INVESTING ACTIVITIES | ||||
| Purchase of Propery, Plant and Equipment and Intangibles(includingcapitalwork in progress | (2,524.98) | (2,343.24) | |||
| Proceeds from Sale of Propery, Plant and Equipment | 89.63 | 3,801.73 | |||
| Interest received | 382.43 | 123.92 | |||
| Consideration paid for business acquisition | - | (537.01) | |||
| Movements in deposits with bank (net) | (3,058.90) | (4,611.15) | |||
| Net Cash from/(used) in Investing Activities | (5,111.82) | (3,565.75) | |||
| c. | CASHFLOWS FROM FINANCING ACTIVITIES | ||||
| Proceeds fromLong termBorrowings | - | 2,649.27 | |||
| Repayment of LongTerm Borrowings | (2,126.66) | (5,369.14) | |||
| Net movement in Shor TermBorrowings | 2,624.54 | (7,621.70) | |||
| PaymentorLease Liability | (1,223.09) | (1,044.63) | |||
| Interest paid | (1,839.88) | (2, 153.10) | |||
| Dividend paid | (973.52) | (732.53) | |||
| Net Cash from/(used) in Financing Activities | (3,538.61) | (14,271.84) | |||
| D. | Exchange diferences on translation of foreign subsidiaries | 205.44 | (505.34) | ||
| Netlncrease/(Decrease) in Cash&CashEquivalent(A+ B + C + D) | 3,011.20 | 4,630.11 | |||
| Cash and Cash Equivalents at the beginningof theyear | 9,115.63 | 4,228.42 | |||
| Cashand CashEquivalents acquired on business acquisition | - | 257.10 | |||
| Cash and Cash Equivalentat the end of theyear | 12,126.83 | 9,115.63 | |||
| 0.00 | 0.00 | ||||
| /�· ,·/(�•., .<. ,;< . ,. ,- .- |
�. �':;. |
||||
| 1 1£t ·�- . �,..\�,.:� J 'L. �· s! /. .' _' ' \'' 'i,•1i-,·,o_ ,,:1·�·.' ·:� |
Notes:
- Operating Segment based on Company's business line have been identified by Chief Operating decision maker as "Pumps and Accessories" and "Projects (Works Contract)" as Segments. Consolidated segmentwise revenue, results, assets and liabilities are as follows:-
| Rs in Lacs | |||||
|---|---|---|---|---|---|
| Quarer ended | Year | ended | |||
| Pariculars | March 31, 2022 (Refer Note 9) |
December 31, 2021 |
March 31, 2021 (Refer Note 9) |
March 31, 2022 |
March 31, 2021 |
| Audited | Unaudited | Audited | Audited | Audited | |
| Gross Segment Revenue | |||||
| Pumps and Accessories | 20,455.35 | 15,580.49 | 26,530.39 | 75,765.53 | 77,373.54 |
| Project (Works Contract) | 21,801.17 | 9,076.74 | 8,791.42 | 42,362.25 | 22,109.52 |
| Totl Segment Revenue | 42,256.52 | 24,657.23 | 35,321.81 | 1,18,127.78 | 99,483.06 |
| Net Segment revenue | 42,256.52 | 24,657.23 | 35,321.81 | 1, 18, 127.78 | 99,483.06 |
| Segment Result | |||||
| Pumps and Accessories | 5,608.06 | 1,867.45 | 4,703.11 | 12,424.88 | 9,064.54 |
| Project (Works Contract) Total less: Finance Costs |
3,758.59 9,366.65 (4?0?R) |
1.875.89 3,743.34 (14!71) |
2,503.38 7,206.49 (fff74) |
7,312.11 19,736.99 (1,9Rf R8) |
5,216.12 14,280.66 (2,250.36) |
| Add:Unallocable CorporateIncome - net ofexpenditure | (526.30) | (1,165.51) |
276.81 | (1,445.39) | (1,154.63) |
| Profit before tax from continuing operations | 8,420.07 | 2,028.08 | 6,827.56 | 16,305.92 | 10,875.67 |
| Provision for CurrentTax Provison forDeferredTax NetProfit aferTax from continuing operations |
1,784.94 591.12 6,044.01 |
669.39 (140.65) 1,499.34 |
1,415.72 530.92 4,880.92 |
3,867.56 636.94 11,801.42 |
3,199.68 (149.49) 7,825.48 |
| Segment Assets | |||||
| Pumps and Accessories | 1,01,711.51 | 98,016.51 | 1,05,717.51 | 1,01,711.51 | 1,05,717.51 |
| Project (Works Contract) | 59,683.07 | 47.971.34 | 30.223.63 | 59,683.07 | 30,223.63 |
| Total segment asset | 1,61,394.58 | 1,45,987.85 | 1,35,941.14 | 1,61,394.58 | 1,35,941.14 |
| Add:Unallocable corporate assets | 19.343.72 | 19,351.43 | 15,738.23 | 19,343.72 | 15,738.23 |
| Total Assets | 1,80,738.30 | 1,65,339.28 | 1,51,679.37 | 1,80,738.30 | 1,51,679.37 |
| SegmentLiabilities | |||||
| Pumps and Accessories | 43,557.89 | 47,963.33 | 48,081.99 | 43,557.89 | 48,081.99 |
| Project (Works Contract) Total Segment liabilties Add:Unallocble corporate liabilities |
49.192.26 92,750.15 17,424.82 |
35,689.56 83,652.89 18,407.08 |
19.473.21 67,555.20 25,134.75 |
49,192.26 92,750.15 17,424.82 |
19,473.21 67,555.20 25,134.75 |
| Total liabilities | 1,10,174.97 | 1,02,059.97 | 92,689.95 | 1,10,174.97 | 92,689.95 |
-
The above Consolidated Ind AS Financial Results for the quarter and year ended March 31, 2022 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on May 20, 2022.
-
The Board of Directors of the Parent Company has recommended Dividend @ Rs. 10/- per equity share of Rs. 10/- each, subject to the approval of the Shareholders at the ensuing Annual General Meeting
-
The Group has considered possible effects that may have resulted from the ongoing Covid Pandemic. The Group does not anticipate any challenge in recovering the carrying value of the assets based on its assessment of business/economic conditions.
-
The above consolidated financial results include WPIL Limited ("the Company") and its 1 1 subsidiaries (including 9 step down subsidiaries) (the Company together with subsidiaries referred to as "Group"), 1 Associate, 1 Joint Venture and 5 Joint Operations.
-
The above financial results include the audited financial results/financial information of five(5) joint operations whose standalone financial results and other financial information reflect total assets of Rs. 7,970.98 lakhs as at March 31 , 2022, total revenues of Rs. 3,234.71 lakhs and Rs. 6,973.32 lakhs, total net profit after tax of Rs Nil and Rs. Nil, total comprehensive income of Rs. Nil and Rs. Nil for the quarter and year ended on that date respectively, and net cash inflows of Rs. 484.66 lakhs for the year ended March 31 , 2022, as considered in the Audited Consolidated Financial Results which have been audited by their respective other auditors. '
-
The Figures for the last quarter are the balancing figures between the audited figures in respect of the full financial year up to March 31, 2022/ March 31, 2021 and the unaudited published year to date figures up to December 31, 2021/ December 31, 2020, being the date of the end of the third quarter of the financial year which were subjected to limited review.
-
Corresponding previous year figures for quarter/period ended has been regrouped and recasted whereever necessary.
For and on behalf of Board of Directors of WPIL Limited
'k2---L--> f:y_--;dRWAL �naging Director) DIN: 00249468
Place: Kolkata Date: May 20, 2022
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Salarpuria 8 Partners CHARTERED ACCOUNTANTS
7, C. R. AVENUE, KOLKATA - 700 072 Phone : 2237 5400 I 5401, 4014 5400 - 5410 website : www.salarpuriajajodia.com e-mail : [email protected] [email protected] Branches at New Delhi & Bangalore
Independent Auditor's Report on the Quarterly and Year to Date Audited Standalone Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended
To
THE BOARD OF DIRECTORS OF WPIL Limited, Trinity Plaza, 3rd Floor, 84/lA, Topsia Road (South) Kolkata- 700 046.
Report on the Audit of the Standalone Financial Results
Opinion
We have audited the accompanying quarterly and year to date standalone financial results of WPIL LIMITED ("the Company") which includes Five (SJ Joint operations for the quarter and year ended March 31, 2022 (the statement), attached herewith, being submitted by the company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("Listing Regulations").
In our opinion and to the best of our information and according to the explanations given to us, and based on the consideration of the reports of the other auditors on the separate audited financial results and on the other financial information of the joint operations, the statement:
-
i. is presented in accordance with the requirements of Regulation 33 of the listing regulations in this regard; and
-
ii. gives a true and fair give a true and fair view in conformity with the recognition and measurement principles laid down in the applicable accounting standards and other accounting principles generally accepted in India of the net profit, other comprehensive income and other financial information of the company for the quarter and year ender 31st March,2022.
Basis for Opinion
We conducted our audit ofthe standalone Ind AS financial results in accordance with the Standards on Auditing (SAs), as specified under section 143(10) of the Companies Act ,2013 (the Act). Our responsibilities under those Standards are further described in the 'Auditor's Responsibilities for the Audit of the Standalone Ind AS Financial Results section of our report. We are independent of the Company in accordance with the 'Code of Ethics' issued by the Institute of Chartered Accountants of India together with the ethical requirements that are relevant to our.audit of the financial results under the provisions of the Companies Act ,2013 and the Rules thereunder, and we have fulfilled our other ethical
responsibilities in accordance with these requirements and the Code of Ethics. We believe that the audit evidence we
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==> picture [80 x 65] intentionally omitted <==
Salarpuria 8 Partners CHARTERED ACCOUNTANTS
7, C . R . AVENUE, KOLKATA - 700 072 Phone : 2237 5400 I 5401, 4014 5400 - 5410 website : www.salarpuriajajodia.com e-mail : [email protected] [email protected] Branches at New Delhi & Bangalore
Management's Responsibility for The Standalone Financial Results
These quarterly financial results as well as year to date standalone financial results have been prepared on the basis of the standalone annual financial statements. The Board of directors of the Company are responsible for the preparation of these financial results that give a true and fair view of the net profit and other comprehensive income of the company and other financial information in accordance with the recognition and measurement principles laid down in accordance with the Indian Accounting Standard 34, "Interim Financial Reporting" prescribed under Section 133 ofthe Act read with relevant rules issued thereunder and other accounting principles generally accepted in India and in compliance with Regulation 33 of the listing Regulations. This responsibility also includes maintenance of adequate accounting records in accordance with the provisions of the Act for safeguarding of the assets of the Company and for preventing and detecting frauds and other irregularities; selection and application of appropriate accounting policies; making
judgements and estimates that are reasonable and prudent; and design, implementation and maintenance of adequate internal financial controls that were operating effectively for ensuring the accuracy and completeness of the accounting records, relevant to the preparation and presentation of the standalone financial results that give a true and fair view and are free from material misstatement, whether due to fraud or error.
In preparing the standalone financial results, the Board of directors are responsible for assessing the company's ability to continue as a going concern, disclosing as applicable, matters related to going concern and using the going concern basis of accounting unless the Board of directors either intends to liquidate the Company or to cease operations, or has no realistic alternative but to do so.
The Board of Directors are also responsible for overseeing the Company's financial reporting process.
Auditor's Responsibilities for the Audit of the Standalone Ind AS Financial Results
Our objectives are to obtain reasonable assurance about whether the standalone Ind AS financial results as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion, Reasonable assurance is a high level of assurance, but Is not a guarantee that an audit conducted in accordance with SAs will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these standalone Ind AS financial results.
As part of an audit in accordance with SAs, we exercise professional judgment and maintain professional skepticism throughout the audit. We also:
• Identify and assess the risks of material misstatement of the standalone Ind AS financial results, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is misrepresentations, or the override of internal control.
==> picture [75 x 52] intentionally omitted <==
Salarpuria a Partners CHARTERED ACCOUNTANTS
7, C . R . AVENUE, KOLKATA - 700 072 Phone: 2237 5400 / 5401, 4014 5400 - 5410 website: www.salarpuriajajodia.com e-mail : [email protected] [email protected] Branches at New Delhi & Bangalore
• Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances. Under section 143(3)(i) of the Act, we are also responsible for expressing our opinion on whether the Company has adequate internal tinancial controls with reference to standalone financial results in place and the operating effectiveness of such controls.
• Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures in the standalone financial results made by the management and Board of Directors.
• Conclude on the appropriateness of Board of Directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our auditor's report to the related disclosures in the financial results or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our auditor's report. However, future events or conditions may cause the Company to cease to continue as a going concern.
• Evaluate the overall presentation, structure and content ofthe standalone Ind AS financial results, including the disclosures, and whether the standalone Ind AS financial results represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
We also provide those charged with governance with a statement that we have complied with relevant ethical requirements regarding independence, and to communicate with them all relationships and other matters that may reasonably be thought to bear on our independence, and where applicable, related safeguards.
Other Matter
1 . 1 he accompanying statement of quarterly and year to date standalone financial results include the audited financial results/financial information of five (5) joint operations, whose interim financial results and other financial information reflect total assets of Rs. 7970.98 lakhs as at March 31,2022 and total revenues of Rs. 3234.71 lakhs and Rs. 6973.32 lakhs, total net profit after tax of Rs. Nil and Rs. Nil and total comprehensive income of Rs. Nil and Rs. Nil for the quarter ended March 31 2022 and for the period ended on that date respectively, and net cash inflows of Rs. 484.66 lakhs for the year ended March 31, 2022, as considered in the audited standalone financial results which have been audited by their respective other auditors.
The reports of such other auditors on annual financial statements/financial results/financial information of these Auditors.
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Salarpuria a Partners CHARTERED ACCOUNTANTS
7, C. R. AVENUE, KOLKATA - 700 072 Phone: 2237 5400 I 5401, 4014 5400 - 5410 website : www.salarpuriajajodia.com e-mail : [email protected] [email protected] Branches at New Delhi & Bangalore
Our opinion on Statements is not modified in respect ofthe above matter.
2.The statement included the results for the quarter ended March 31, .2022 being the balancing figure between the audited figures in respect ofthe full financial year ended March 31, 2022 and the published unaudited year-to date figured up to nine months of the current financial year, which were subjected to a limited review by us, as required under the listing regulations.
For Salarpuria & Partners Chartered Accountants (Firm ICAI Regd. No.302113E)
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Anand Prakash Membership No: 056485 UDIN: �olO f> 64g5 A J � � w 13C!. �t \ Place: Kolkata Date: 20[1h ] May,2022.
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WPIL Limited Registered Office : "Trinity Plaza", 3rd floor, 84/1A Topsia Road (South), Kolkata - 700 046
CIN: L36900WB1952PLC020274
Statement or standalone Audited Flnanclal Results For the Quarter and Year ended March 31 , 2022
| Rs.inlac | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Quarer ended | Year ended | ||||||||||
| Pariculars | March 31, 2022 (Refer Note |
3) |
December 2021 |
31, | March 2021 |
31, |
March 31, 2022 | March 31, 2021 |
|||
| (Audited) | (Unaudited) | (Audited) | (Audited) | (Audited) | |||||||
| 1. | Income | ||||||||||
| a) | Revenue from Operations | 24,695.46 | 10,697.46 | 11,762.65 | 52,981.79 | 34,033.17 | |||||
| b) | Other Income | 747.17 | 239.26 | (182.22) | 1,617.59 | 1,719.66 | |||||
| Total Income | 25,42.63 | 10,936.72 | 11,580.43 | 54.599.38 | 35.752.83 | ||||||
| 2. | Expenses | ||||||||||
| a) | Cost of Materals and Components Consumed | 15,912.41 | 6,824.03 | 5,555.4 | 32,109.67 | 17,14.67 | |||||
| b) | Changes in inventores of Finished Goods and Work in Progress | 4.04 | (526.29) | (69.65) | (357.29) | 4.31 | |||||
| c) | Employee Benefts Expense | 936.15 | 85.8 | 854.67 | 3,374.99 | 3,136.21 | |||||
| d) | Finance Costs | 320.55 | 190.25 | 211.03 | 890.10 | 956.90 | |||||
| e) | Depreciation and amorisation expenses | 162.40 | 133.36 | 141.11 | 562.90 | 57.72 | |||||
| f) | Other Expenses | 3,775.4 | 2,178.07 | 2,231.61 | 9,403.49 | 5,582.68 | |||||
| Total Expenses | 21.150.99 | 9.645.26 | 8,924.21 | 45,983.85 | 27,816.48 | ||||||
| 3. | Proft before Tax (1-2) | 4,291.64 | 1,291.46 | 2,656.22 | 8,615.53 | 7,936.35 | |||||
| 4. | Tax Expenses I (Credit) | ||||||||||
| - Curent tax | 1,192.63 | 343.00 | 618.42 | 2,331.63 | 1,946.42 | ||||||
| - Deferred tax expenses I (credit) | (90.70) | (7.39) | 19.88 | (103.43) | 16.94 | ||||||
| Total | 1,101.93 | 335.61 | 638.30 | 2,228.21 | 1,963.36 | ||||||
| 5. | Net Proft for the period I year (3-4) | 3,189.71 | 955.85 | 2,017.92 | 6,387.32 | 5,972.99 | |||||
| 6. | Other Comprehensive income (net of tax) | ||||||||||
| Items not to be reclassifed to proft or loss in | |||||||||||
| subsequent perods: | |||||||||||
| - Re-measurement gainsl(losses) on defned beneft plan | 30.82 | (9.75) | 63.12 | 1.57 | 35.45 | ||||||
| • tncometrxAfPrtrf:lrtinoto�hOVI | (7.89) | 2.50 | (1R 01) | (0 40) | (R�?) | ||||||
| Total Other Comprehensive Income | 22.13 | (7.25) | 47.11 | 1.18 | 26.63 | ||||||
| 7. | Total Comprehensive Income | 3.212.64 | 940.60 | 2,065.03 | 6,388.49 | 5,999.52 | |||||
| 8. | Paid Up Equit Share Capital | 976.71 | 976.71 | 976.71 | 976.71 | 976.71 | |||||
| (Face value of Equit Share - Rs 10 per share) | |||||||||||
| 9. | Other Equit | 51,436.48 | 46,024.69 | ||||||||
| 10. | Basic and Diluted Earing Per Share | 32.66 | 9.79 | 20.66 | 65.40 | 61.15 | |||||
| (not annualised except for the year ended March 31, 2021) | |||||||||||
| Contd. 2 |
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Contd. from 1 Notes :
1. STATEMENT OF ASSETS AND LIABILITIES
| 1.STATEMENTOFASSETS AND LIABILITIES | (Rs in Lacs) | |||||
| Pariculars | As at March 31, |
2022 |
As at March 31, |
2021 |
||
| (Audited) | (Audited) | |||||
| I. ASSETS | ||||||
| Non - current Asset | ||||||
| a) Proper, Plant & Equipment | 3,409.76 | 3,656.63 | ||||
| b) Capital Work - in - progress | ||||||
| c) Goodwill | 1,372.93 | 1,372.93 | ||||
| I)Other Intangible Asset | 1t.4U | 24.39 | ||||
| e) Financial Asset | ||||||
| i) Investment | 4,901.29 | 4,901.45 | ||||
| ii) Trade Receivables | 4,945.43 | 3,755.99 | ||||
| ii) Loans and Deposit | 17,381.67 | 15,019.83 | ||||
| iv) Other Financial Asset | 486.42 | 393.21 | ||||
| e) Non Current Tax Asset | 783.4 | 381.19 | ||||
| fOther Non Current Assets | 4,496.68 | 4,875.91 | ||||
| 37 | 792.92 | 34 | 381.52 | |||
| Current Asset | ||||||
| a) Inventories | 6,136.27 | 5,842.11 | ||||
| b) Contract Asset | 4,718.89 | 3,599.20 | ||||
| c) Financial Assets | ||||||
| i) Trade Receivables | 26,816.59 | 15,429.80 | ||||
| ii) Cash and Cash equivalent | 3,008.38 | 186.48 | ||||
| iii) Bank balances other than (ii) above | 7,634.54 | 5, | 146.35 | |||
| iv) Loans and Deposits | ||||||
| v) Other Financial Asset d) Other Current Asset |
1,49.79 2,326.59 |
1,806.43 1,469.78 |
||||
| 52.091.05 | 33,480.17 | |||||
| Totl Asset | 89 | 883.97 | 67 | 861.69 | ||
| II. EQUIT AND LIABILITIES | ||||||
| Equit | ||||||
| a) Equit Share Capital | 976.71 | 976.71 | ||||
| b) Other Equit | 51 | 436.48 | 46 | 024.69 | ||
| Total Equit | 52,413.19 | 47,001.40 | ||||
| Liabilities | ||||||
| i) Non - Current Liabilities | ||||||
| a) Financial Liabilities | ||||||
| i) Borrowings | 55.39 | 72.31 | ||||
| . ia) Lease Liabilit ii) Other Financial Liabilities |
34.22 | 541.76 | ||||
| b) Provisions | 408.25 | 356.11 | ||||
| c) Deferred Tax Liabilities (Net) | 20.89 | 123.92 | ||||
| d) Other non current liabilities | ||||||
| 828.75 | 1 | 094.10 | ||||
| ii) Current Liabilities | ||||||
| a) Contract Liabilities | 9,330.75 | 10,095.67 | ||||
| b) Financial Liabilities | ||||||
| i) Borrowings | 3,622.77 | 568.60 | ||||
| ia) Lease Liabilit | 324.52 | 241.17 | ||||
| ii) Trade Payables | ||||||
| a) Total outtnding dues of micro enterprises and small enterprises |
1,021.41 | 523.13 | ||||
| b) Totl outtnding dues of creditor other than micro enterprises and small enterprises |
20,953.26 | 6,823.16 | ||||
| iii) Other Financial Liabilities | 211.39 | 202.43 | ||||
| c) Other Current Liabilities | 365.93 | 375.71 | ||||
| d) Provisions | 487.13 | 499.45 | ||||
| e) Current Tax liabilities (net) | 324.87 | 436.88 | ||||
| 36 | 642.03 | 19.766.20 | ||||
| Total Liabilities | 37 | 470.78 | 20 | 860.30 | ||
| Total Equit and Liabilities | 67 | 861.69 |
| 2. CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH, | 2022 | (Rs | in Lacs) | ||
|---|---|---|---|---|---|
| For the year ended | For the year ended | ||||
| March 31 , 2022 | March 31 , 2021 | ||||
| (Audited) | (Audited) | ||||
| A. Cash Flow from Operating Activities | I | ||||
| Profit Before Tax | 8,615.53 | 7,936.35 | |||
| Adjustment to reconcile profit before tax to net cash flows : | |||||
| Depreciation and Amorisation expenses | 562.90 | 547.72 | |||
| (Proft)ILoss on SaleIDiscard of fxed assets (net) | 3.69 | (5.93) | |||
| Finance costs | 890.10 | 956.90 | |||
| Bad debtsIadvances written of (net of reversals) | 135.52 | 161.83 | |||
| Allowances for debts considered doubtul earlier, now writen back | (0.23) | (376.38) | |||
| Allowances for doubtful debtsIadvances | 312.50 | 175.00 | |||
| Provision for Future Losses | (5.71) | ||||
| (Gain)ILoss on foreign exchange fuctuation (net) | 208.37 | (456.58) | |||
| Provisions / liabilities no longer required liabilities written back | (62.76) | (368.12) | |||
| Corporate Gurrantee charges | (80.78) | (133.75) | |||
| Interest income on loans and deposits | (1,379.49) | (1,073.40) | |||
| 589.81 | (578.42) | ||||
| Operating Profit before working capital changes | 9,205.35 | 7,357.93 | |||
| IncreaseI(decrease) in Trade Payable and Other Liabilities | 14,544.46 | (3,230.83) | |||
| Increase/ (decrease) in Provisions | 41.40 | 138.08 | |||
| (Increase)Idecrease in Inventories | (294.16) | 1,582.89 | |||
| (Increase)Idecrease in Trade Receivables and Other assets | (15,387.62) | 4,170.77 | |||
| (1,095.92) | 2,660.91 | ||||
| Cash Generated from operations | 8, 109.42 | 10,018.84 | |||
| Taxes paid (net) | (2,845.88) | (1,067.71) | |||
| Net Cash Flow from Operating Activities | 5,263.54 | 8,951.13 | |||
| 8. Cash Flow from Investing Activities | |||||
| Purchase of Propery, Plant and Equipment and Intangibles (including | (212.18) | (126.57) | |||
| Proceeds from Sale of Propery, Plant and Equipment | 57.09 | 9.73 | |||
| Investment | (719.89) | ||||
| Loan to related par | (2,583.70) | (762.50) | |||
| Repayment of loan by related par | 4,583.74 | ||||
| Interest received | 1,737.53 | 532.08 | |||
| Corporate Gurrantee Charges received | 145.82 | 288.58 | |||
| Movement in deposits with banks (net) | (1,318.20) | (4,493.93) | |||
| Proceeds from maturity of term deposits with banks | (1, 170.00) | ||||
| Net Cash used in Investing Activities | (3,343.65) | (688.76) | |||
| C. Cash Flow from Financing Activities | |||||
| Proceeds from Long term Borrowings | 71.60 | ||||
| Repayment of Borrowings | (16.92) | (10.16) | |||
| Movement in Shor term borrowings (net) | 3,054.17 | (6,578.20) | |||
| Payment of lease liabilit | (339.73) | (303.80) | |||
| Interest paid | (822.00) | (880.80) | |||
| Dividend paid | (973.52) | (732.53) | |||
| Net Cash used (in)Ifrom Financing Activities | 902.00 | (8,433.89) | |||
| Net increaseI(decrease) in cash and cash equivalent (A+B+C) | 2,821.88 | (171.52) | |||
| Cash&Cash Equivalent at the beginning of the year | 186.50 | 358.02 | |||
| Cash&Cash Equivalent at the end of theperio | 3,008.38 | 186.50 |
- The above Standalone financial results for the quarter and year eneded March 31, 2022 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 20 May, 2022.
The limited review of these results as required under Regulation 33 of the SEBI (Listing obligation and Disclosure requirements) Regulations 2015, has been completed by the statutory auditors of the Company.
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The Company publishes this audited standalone financial results alongwith the audited consolidated financial results, hence in accordance with Ind AS 108 "Operating Segments", the Company has disclosed the Segment Reporting and information in its audited consolidated financial results.
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The Board of Directors of the Company has recommended dividend@ Rs 10.00 per equity share of Rs 10 each, subject to the approval of the shareholders atthe ensuing Annual General Meeting.
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The figures of last quarter are the balancing figures between the audited figures in respect of the full financial year upto 31 March, 2022 I 31 March 2021 and the unaudited published year-to-date figure upto 31 December 2021 I 31 December 2020 being the date of the end of the 3rd quarter of the financial year which were subjected to limited review.
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The accompanying results include the audited financial results I financial informations of five (5) joint operations, whose interim financial results and other financial information reflecttotal assets of Rs.7,970.98 lacs as at March 31, 2022 and total revenues of Rs. 3,234.71 lacs and Rs. 6,973.32 lacs, total net profit after tax of Rs. NIL and Rs. NIL and total comprehensive income of Rs. NIL and Rs. NIL for the quarter ended March 31, 2022 and for the year ended on that date respectively, and net cash inflow of Rs.484.66 lacs for the year ended March 31, 20220, as considered in the audited standalone financial results which have been audited by their respective other auditors.
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The company has considered possible effects that may have resulted from the ongoing Covid pandemic. The company does not anticipate any challenge in recovering the carrying value of the assets based on its assessment of business I economic conditions.
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There were no exceptional items during the period ended March 31, 2022.
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Figures for the previous year/ period of Standalone unaudited financial results have been re-arranged I re-grouped wherever necessary,
Place : Kolkata Date : 20th May, 2022
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For and on behalf of Board of Directors ofWPIL Limited � P.AGARWAL Ing Director) DIN 00249468
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