WPIL Ltd — Interim / Quarterly Report 2021

Nov 3, 2021

Limited (iwPIL �� REGD. OFF.: "TRINITY PLAZA" 84/1A, TOPSIA ROAD (SOUTH), KOLKATA- 700 046 TEL.: (91 33) 4055 6800, FAX: (91 33) 4055 6835 WEB : http://www.wpil.co.ln CIN No. L36900WB1952PLC020274

3rd November, 2021

Listing Compliance Department BSE Limited, Phiroze Jeejeebhoy Tower, 25th Floor, Dalal Street, Mumbni-400001.

Scrip Code :- 505872

Dear Sir,

Pursuant to Regulation 33(3)(c)(i) of the SEBI (listing Obligations and Disclosure Requirements) Regulations, 2015, please find enclosed Unaudited Financial Results of the Company (both standalone and consolidated) for the quarter ended 30th September, 2021 which was considered and taken on records by the Board of Directors at their meeting held on 3rd November, 2021 along with Limited Review Report thereon issued by the Statutory Auditors of the Company for your perusal and records.

Tha g you

Yours faithfully For WPIL LIMITED

\J. L--�

(U.CHAKRA VARTY) General Manager (Finance) and Company Secretary Compliance Officer

Enclo. As stated above

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WORKS : PANIHATI: 22, FERRY FUND ROAD (PANIHATI), KOLKATA- 700 114, TEL .: (033) 2583 3459 GANIPUR: BIREN ROY ROAD cwesn. 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

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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: salarpuria.jajodia@rediffmail.com office@salarpuriajajodia.com Branches at New Delhi & Bangalore

Independent Auditor's Review Report on the Quarterly andVearto Date Consolidated Unaudited Financial Results of the Company Pursuant to the Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended

Review Report to

The Board of Directors

WPIL Limited

1. We have reviewed the accompanying Statement of Consolidated Unaudited Financial Results of WPIL Limited ("the Parent") and its subsidiaries (the Parent and its subsidiaries together referred to as "the Group"), and its share of the net profit/(loss) after tax and total comprehensive income of its associate, joint venture and joint operations for the quarter ended September 30, 2021 and for the period from April 1, 2021 to September 30, 2021 ("the Statement") attached herewith, being submitted by the Parent pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 as amended ("the Listing Regulations").

2. This Statement, which is the responsibility of the Parent's management and approved by the Parent's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, {Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of lndia{"ICAI") . A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with Standards on Auditing and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

We also performed procedures in accordance with the circular issued by the Securities and Exchange Board of India under Regulation 33{8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extend applicable.

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Salarpuria 8 Partners CHARTERED ACCOUNTANTS

7, C. R. AVENUE, KOLKATA • 700 072 ' Phone: 2237 5400 / 5401, 4014 5400 w 5410 website : www.salarpuriajajodia.com e-mail : salarpuria.jajodia@rediffmail.com office@salarpuriajajodia.com Branches at New Delhi & Bangalore

1. The Statement includes the interim financial information 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
Aturia International Pte Limited (AIPL)			Direct Subsidiary
a) Mathers Foundr Limited			Subsidiary of AIPL
b) WPIL SA Holdings	Pty	Limited	Subsidiary of AIPL
(SAHPL)
i) APE Pumps Pty Limited			Subsidiary of SAHPL
ii) Mather&Platt (SA) Pty	Limited		Subsidiary of SAHPL
iii) PSV Zambia Limited			Subsidiary of SAHPL
c) Gruppo Aturia S.p.A (GA)			Subsidiary of AIPL
i) Rutschi Fluid AG			Subsidiary of GA
ii) Pompes Rutcschi SAS			Subsidiary of GA
WPIL (Thailand) Co. Limited			Joint venture of AIPL
Clyde Pump India Private Limited			Direct Associate
WPIL-SMSJV			Joint operation
WPIL-MHI JV			Joint operation
Ranjit-WPIL JV			Joint operation
WPIL-SARTHI JV			Joint operation
WPIL-JWIL JV			Joint operation

1. Based on our review conducted and procedures performed as stated in paragraph 3 above and based on the consideration of the review reports of the other auditors referred to in paragraph 6 below, nothing has come to our attention that causes us to believe that the accompanying Statement, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard specified under Section 133 of the Companies Act, 2013, as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

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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.corn e-mail : salarpuria.jajodia@rediffmail.com offlce@salarpuriajajodia.com Branches at New Delhi & Bangalore

1. We did not review the interim financial information/ financial results of five (5) joint operations included in the standalone unaudited interim financial 'information/ financial results of the entities included in the Group, whose results reflect total assets of Rs.4,440.48 lakhs as at September 30, 2021 and total revenues of Rs.1,111.05 lakhs and Rs.2,343.00 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 September 30, 2021 and for the period ended on that date respectively, and net cash outflows of Rs.128.19 lakhs for the period from April 1, 2021 to September 30, 2021 as considered in the respective standalone unaudited interim financial information/ financial results of the entities included in the Group. The interim financial information/ financial results of these joint operations have been reviewed by other independent auditors whose reports have been furnished to us, and our conclusion in so far as it relates to the amounts and disclosures included in respect of these joint operations, is based solely on the report of such other auditors and the procedures performed by us as stated in paragraph 3 above.

We did not review the interim financial information/ financial results of two (2) direct subsidiaries, one (1) subsidiary of Sterling Pumps Pty Limited (SPL), two (2) subsidiaries of Aturia International Pte Limited (AIPL), two (2) subsidiaries of WPIL SA Holdings Pty Limited (SAHPL) and consolidated financial information/ financial results of one (1) subsidiary of AIPL including its two (2) subsidiaries included in the consolidated unaudited financial results, whose interim financial information/ financial results reflect total assets of Rs.95,659.54 Lakhs as at September 30, 2021, and total revenues of Rs.18,012.13 lakhs and Rs.34,024.44 lakhs, total net profit/(loss) after tax of Rs.1704.96 lakhs and Rs.1954.43 lakhs, total' comprehensive income of Rs.846.75 lakhs and Rs.1863.01 lakhs, for the quarter ended September 30, 2021 and for the period from April 1, 2021 to September 30, 2021, respectively, and net cash inflows of Rs.1,521.67 lakhs for the period from April 1, 2021 to September 30, 2021, as considered in the consolidated unaudited financial results. The consolidated unaudited financial results also includes the Group's share of net profit after tax of Rs.(32.34) lakhs and Rs.10.79 lakhs for the quarter ended September 30, 2021 and for the period from April 1, 2021 to September 30, 2021, respectively as considered in consolidated unaudited financial results in respect of one (1) associate, whose interim financial information/financial results have not been reviewed by us. These interim financial information/ financial results have been reviewed by their respective/ other independent auditors whose reports have been furnished to us by the Management, and our conclusion on the Statement in so far as it relates to the amounts and disclosures included in respect of these subsidiaries and associates, is based solely on the report of such other auditors and the procedures performed by us as stated in paragraph 3 above.

1. The consolidated unaudited financial results include the interim financial information/ financial results of one (1) subsidiary of WPIL SA Holdings Pty Limited (SAHPL), which have not been reviewed by their auditors, whose interim financial information/ financial results reflect total assets of Rs.485.55 lakhs as at September 30, 2021, total revenues of Rs.129.39 lakhs and Rs.185.59 lakhs, total net profit/(loss) after tax of Rs.(6.53) lakhs and Rs.22.74 lakhs, total comprehensive income of Rs.(6.53) lakhs and Rs.22.74 lakhs, for the quarter ended September 30, 2021 for the period from April 1, 2021 to September 30, 2021 respectively, and net cash inflows of Rs.79.04 lakhs for the period from April 1, 2021 to September 30, 2021, as considered in the consolidated unaudited financial results. The consolidated unaudited financial results also includes the Group's share of net profit after tax of Rs.11.64 lakhs and Rs.24.46 lakhs and total

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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.salarpurialaiodia.corn e-mail : salarpuria.jajodia@rediffmail.com offlce@salarpuriajajodia.com Branches at New Delhi & Bangalore

comprehensive income of Rs.11.64 lakhs and Rs.24.46 lakhs, for the quarter ended September 30, 2021 and for the period from April 1, 2021 to September 30, 2021, respectively, as considered in the consolidated unaudited financial results, in respect of one (1) joint venture, based on their interim financial information/ financial results have not been reviewed by their independent auditors. According to the information and explanation given to us by the management these interim financial information/ financial results are not material to the Group.

1. Certain of these subsidiaries are located outside India whose financial results and other financial information have been prepared in accordance with accounting principles generally accepted in their respective countries and which have been reviewed by other auditors under generally accepted auditing standards applicable in their respective' countries. The Parent'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 made by the Parent's management. Our conclusion in so far as it relates to the balances and affairs of such subsidiaries located outside India is based on other auditors and the conversion adjustments prepared by the management of the Parent and reviewed by us.

Our conclusion is not modified in respect of matters in Paragraph 6, 7 & 8 above.

For Salarpuria & Partners Chartered Accountants (Firm ICAI Regn. No.302113E) UDIN: 2105648SAAAACV9646

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Place : Kolkata Date : 3'd November, 2021

WPIL Limited

CIN : L36900WB1952PLC020274

Registered Office: "Trinity Plaza", 3rd floor, 84/1A Topsia Road (South), Kolkata - 700046

Statement of Unaudited Consolidated Financial Results For the Quarter and Six months ended 30th September, 2021

									Rs in Lacs
					Quarer ended		Six months ended		Year ended
	SI.		Pariculars	September 30,2021 Refer Note 3	June 30, 2021	September 30,2020 Refer Note 3	September 30,2021	September 30,2020	March 31, 2021
				Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
1.			Income
		a)	Revenue from Operations	28,705-75	22,508.28	18,247.90	51,214.03	38,445.74	99,483.06
		b)	Other Income	(375.08)	537.22	295.20	162.14	613.74	1,535.04
			Totl Income	28,330.67	23,045.50	18,543.10	51,376.17	39,059.48	1,01,018.10
2.			Expenses
		a)	Cost of Materials and components consumed	12,132.06	9,855.75	6,272.11	21,987.81	15,142.26	40,289.88
		b)	Chanqes in inventories of Finished Goods and Work in Proqress	(498.17)	(55.54)	(331.59)	(553.71)	1,041.16	2,202.01
		c)	Employee Benefits Expense	5, 137.27	5,089.13	5,043.39	10,226.40	9,274.55	19,292.66
		d)	Financ Costs	541-75	473.90	550.02	1,015.65	1,109.23	2,250.36
		e)	Depreciationandamorisation expenses	908'16	902.03	995.84	1,810.19	1,702.89	3,69499
		f	Other Expenses	5,939.19	5,128.11	4,95143	11.067 30	8,648.34	22,629,04
			Total Expenses	24,160.26	21,393.38	17,482.20	45,553.64	36,918.43	90,358.94
3.			Proft beforeTax and share of proft(loss) of an associate and	4,170.41	1,652.12	1,060.90	5,822.53	2,141.05	10,659.16
			ajointventure (1-2)
4.			Shareof proft(loss)of an associate and ajointventure	(20.70)	55.94	109.18	35.24	46.04	216.51
5.			Proft before Tax (3+4)	4,149.71	1,708.06	1,170.08	5,857.77	2,187.09	10,875.67
6.			Tax Expenses
			-Current ta	785.01	628.22	169.51	1,413.23	764,64	3, 199.68
			- Deferred txexpenseI(credit)	332.28	(145.81)	(35.92)	186-47	(255.54)	(149-49)
			Totl	1,117.29	482.41	133.59	1,599.70	509.10	3,050.19
7.			Proft afer Taxfrom continuingoperations (5-6)	3,032.42	1,225.66	1,036.49	4,258.07	1,677.99	7,825.48
			Proft(Loss)before taxfrom discntinuedoperation	(1.92)	(1.95)	(19.81)	(3,87)	(61.96)	2,565.26
			Taxexpense of discontinued operation	-	.	-	.	.	521.64
8.			Net Proft(Loss) afer tax from discontinued operation	(1.92)	(1.95)	(19.81)	13.871	161.961	2,143.42
9.			Net Proft afer txfrom continuingoperations&discontinued operation	3,030.50	1,223.70	1,016.68	4,254.20	1,616.03	9,868.90
			(7+8)
10.			Oher Comprehensive income/(loss)(net of tax)
			Items not to be reclassifed to proft or loss in subsequent periods:
			RemeasurementgainsI(losses)on defined benef plan	(10.28)	(9.22)	(10.09)	(19.50)	(62.35)	147.98
			Incme taxefect relatingto above	2.67	2.32	2.34	4.99	0.78	(28.01)
			Items to be reclassifed to proft or loss in subsequentperiods:
			Exchange diferencs on translation of foreign operations	(858.20)	766.79	461.55	(91.41)	988.00	1;78.31
			TotlOher Comprehensive lncome/(Loss) (net oftx)	(865.81)	759.89	453.80	(105.921	926.43	1,398.28
11.			TotlComprehensive Income (9+10)	2,164.69	1,9!3.59	1,470.48	4,14.28	2,542.46	11,267.18
12.			Proft atributble to:	3,030.50	1,223.70	1,016.68	4,254.20	1,616.03	9,868.90
			Equitholderof the Parent	2,381.51	1,110.88	1,130.80	3,492.39	1,789.81	8,417.92
			Non-Controlnginterest	648.99	112.82	(114.12)	761.81	(173.78)	1,450.98
			Totl Comprehensive Income atributble to:	2,164.69	1,983.59	1,470.48	4,148.28	2,542.46	11,267.18
			Equitholders of the Parent	1,832.22	1,587.80	1,407.15	3,420.02	2,342.86	9,302.88
			Non-Controlnginterest	332.47	395.79	63.33	728.26	199.60	1,964.30
13.			PaidUp EquitShare Capitl	976.71	976.71	976.71	976.71	976.71	976.71
			(Facevalue ofEquitShare - Rs. 10 per share)
14.			Oher Equit						53,271.50
15.			Basic andDiluted EarningPer Share from continuingoperations (Rs.)	24.39	11.38	11.70	35.78	18.71	73.31
			Basic andDiluted EarningPer Sharefrom discontinued operation(Rs.)	(0.01)	(0.01)	(0.12)	(0.02)	(0.39)	12.87
			Basic andDiluted EarningPer Share from continuing operations and	24.38	11.37	11.58	35.76	18.32	86.19
			discontinued operation(Rs.)
			(not annualized except for the year ended31stMarch, 2021)

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STATEMENT OF ASSETS AND LIABILITIES

			Rs. in Lacs	Rs. in Lacs
		As at September	As at March31,
Pariculars		30 2021	2021
		IUnauditedl	(Audited)
I.	Asset
	Non-current asset
	a) Proper, Plant and Equipment	32,161.80	32,358.82
	b) Capital Wor-in-progress	56.52		55.75
	c) Goodwill	6,131.83	6,117.07
	d) Other Intangible Assets	4,254.29	4,374.71
	e) Investment in an associate and a Joint Venture	1,506.89	1,471.66
	fFinancial Assets
	i) Investments	85.78		83.93
	ii) Trade Rereivables	3,833.35	3,755.99
	iii) Other Financial Assets	661.74		657.34
	g) Deferred Tax Assets (net)	724.39		914.10
	h) Non Current Tax Assets	2,682.68		381.19
	i) Other Non Current Assets	4,521.00	4.884.42
		56,620.27	55,054.98
	Current asset
	a) Inventories	25,729.22	25,331.61
	b) Contract Assets	26,178.85	17,640.20
	c) Financial assets
	i) Trade Receivables	24,186.22	32,585.44
	ii) Cash and Cash equivalents	10,618.97	9,115.63
	iii) Bank balancs other than (ii) above	9,588.95	6,137.67
	iv) Loans and Deposits	98.52		88.54
	v) Other Financial Assets	399.71		397.50
	d) Current Tax Assets (net)	174.22		128.05
	e) Other Current Assets	5.521.00	5,199.75
		1,02,495.66	96,624.39
	Totl Asset	1,59, 115.93	1,51,679.37
II.	Equit and liabilities
	Equit
	a) Equit Share Capital	976.71		976.71
	b) Other Equit	55,714.82	53.271.50
	Equit attributable to equity holders of the parent	56,691.53	54,248.21
	Non controlng interests	5 469.44	4,741.21
	Totl Equit	62,160.97	58,989.42
	Liabilities
	i) Non - Current Liabilities
	a) Financial Liabilities
	i) Lease Liabiit
	ii) Borrowings
	iii) Other Financial Liabiities
	b) Provisions
	c) Deferred Tax Liabilities (net)
	ii) Current liabilities
	a) Contract Liabilities
	b) Financial Liabilities
	i) Lease Liabilit
	ii) Borrowings
	iii) Trade Payables
	- Total outstanding dues of micro enterprises and small
	enterrises
	- Total outstanding dues of creditors other than micro
	enterrises and small enterprises
	iv) Other Financial Liabiities
	c) Other Current Liabities
	d) Provisions
	e) Current Tax Liabilities (net)
	Total liabilities
	Totl equit and liabilities

Consolidated Cash Flow Statement for the period ended September 30, 2021

			Rs in Lacs
		For the Six months	For the Six months
		ended	ended
		30th September 2021	30th September 2020
		(Unaudited)	(Unaudited)
A.	CASH FLOWS FROM OPERTING ACTIVITIES
	Profit before tax including discontinued operations and excluding share of profit of an	5,818.66	2,079.09
	associate and a joint venture
	Adjustment to reconcile profit before tax to net cash flows:
	Depreciation and Amorisation expenses	1,810.19	1,717.94
	Loss/(Proft) on sale of Propery, Plant and equipment	(4.82)	-
	Finance Costs	1,015.65	1,109.24
	Bad Debts/advancs written of (net of reversals)	9.02	413.06
	Allowances for doubtful debts	82.95	76.56
	Provisions/unspent liabilities no longer required written back	(18.60)	(162.08)
	Interest Income on loans and deposits	(60.76)	(40.27)
	Operating Proft before Working Capitl changes	8,652.29	5,193.54
	Adjustment for:
	Decrease in trade payables	(1,873.28)	(661.30)
	Increase in contract liabilities	6,565.37	3,006.65
	Decrease in trade receivables	8,229.89	433.60
	Increase in inventories	(397.61)	(1,450.23)
	Increase in contract assets	(8,538.65)	(1,278.02)
	lncrease/(Decrease) in Other Liabilities	4.61	564.10
	Decrease in Other Assets	43.04	34.20
	Cash generated from operations	12,685.66	5,842.54
	Taxes Paid (net)	(1,524.02)	51.21
	Net Cash from/(used) in Operating Activities	11,161.64	5,893.75
B.	CASH FLOWS FROM INVESTING ACTIVITIES
	Purchase of Propery, Plant and Equipment and Intangibles(including capitalworkin progress	(1,074.83)	(669.67)
	Proceeds from Sale of Propery, Plant and Equipment	85.06	89.27
	Interest received	11.00	37.43
	Movement in Goodwi	-	(290.47)
	Increase in Investments	-	(83.77)
	Movements in deposits with bank (net)	(3,421.06)	(214.14)
	Net Cashfrom/(used) in Investing Activities	(4,399.83)	(1,131.35)
c.	CASH FLOWS FROM FINANCING ACTIVITIES
	Proo dsfromLong term Borrowings	-	2,G43.81
	Repayment ofLong TermBorrowings	(1,420.34)	(862.86)
	Net movement in Shor TermBorrowings	(1,401.15)	1,373.63
	Payment of Lease Liability	(368.72)	(523.69)
	Interest paid	(960.31)	(1,050.26)
	Dividend paid	(976.71)	(732.53)
	Net Cash from/(used) in FinancingActivities	(5,127.23)	848.10
D.	Exchange diferences on translation of foreign subsidiaries	(131.24)	(426.50)
	Netlncrease/(Decrease) in Cash&Cash Equivalent (A + B + C + D)	1,503.34	5,184.00
	Cash and Cash Equivalents at the beginning of theyear	9,115.63	4,228.42
	Cash and Cash Equivalentat the end oftheyear	10,618.97	9,412.42

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Notes:

1 . Operating Segment based on Company's business line have b n 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:-

		Quarer ended		Six months ende	Six months ende	RsInLac Year ended
Pariculars	September 30,2021	June 30, 2021	September 30,2020	September 30,2021	September 30,2020	March 31, 2021
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
Gross Segment Revenue
Pumps and Acssories Projec (Wors Contract)	22,599.27 6,106.48	17,130.43 5.377.85	13,752.27 4.495.63	39,729.70 11,48.33	28,610.94 9,834.80	77,373.54 22,109.52
Totl Segment Revenue	28,705.75	22,508.28	18,247.90	51,214.03	38,45.74	99,483.06
NetSegmentrevenue	28,705.75	22,508.28	18,247.90	51,214.03	38,45.74	99,483.06
Segment Result
Pumps and Acssories	3,950.15	999.23	417.52	4,949.38	1,376.83	9,064.54
Projec(Wors Contract)	559.29	1,118.34	357.53	1,677.63	1,291.43	5,216.12
Total	4,509.4	2,117.57	775.05	6,627.01	2,668.26	14,280.66
Less:FinancCosts	(541.75)	(473.90)	(550.02)	(1,015.65)	(1,109.23)	(2,250.36)
Add:Unallocble CorporateIncome-net of expenditure	182.02	64.39	945.05	246.41	628.06	(1.154.63)
Proft beforetx from continuing operations	4,149.71	1,708.06	1,170.08	6,857.77	2,187.09	10,875.67
Provision for CurrentTax	785.01	628.22	169.51	1,413.23	764.64	3,199.68
ProvisonforDeferredTax	332.28	(145.81)	(35.92)	186.47	(255.54)	(149.49)
NetProft aferTax from continuing operations	3,032.42	1,225.65	1,036.49	4,258.07	1,677.99	7,825.48
Segment Asset
Pumps andAccssores	99,977.43	1,06,793.13	1,07,045.08	99,977.43	1,07,045.08	1,05,717.51
Project(Works Contact)	38,256.70	33,244.13	27,891.81	38,256.70	27,891.81	30,223.63
Totl segment asset	1,38,234.13	1,4,037 .26	1,34,936.89	1,38,234.13	1,34,936.89	1,35;941.14
Add:Unalloble corporate assets	20,881.80	18.570.47	13,922.92	20,881.80	13,922.92	15,738.23
TotalAsset	1,59,115.93	1,58,607. 73	1,48,859.81	1,59,115.93	1,48,859.81	1,51,679.37
SegmentLiabiities
Pumps and Acssories	42,056.32	50,554.24	52,574.76	42,056.32	52,574.76	48,081.99
Project (Works Contract)	35,376.00	21,078.20	18,302.62	35,376.00	18,302.62	19.473.21
TotlSegment liabilties	77,432.32	71,632.4	70,877.38	77,432.32	70,877.38	67,555.20
Add:Unallocblecrporate liabilities	19,522.64	26,002.26	28.03.50	19.522.64	28,043.50	25,134.75
Total liabiities	96,95.96	97,634.70	98,920.88	96,954.96	98,920.88	92,689.95

1. The above Consolidated ind AS Financial Results for the quarter and six months ended September 30, 2021 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on November 03, 2021.

2. The limited review of these results as required under Regulation 33 of the SEBI (Listing Obligations and Disclosure requirements) Regulations 2015, has been completed by the Statutory Auditors of the Company.

3. The Figures for the quarter ended September 30, 2021 and Quarter ended September 30, 2020 are the balancing figures be een unaudited gures in respect of the six months period ended September 30, 2021 and September 30, 2020 and the unaudited published figures t l June 30, 2021 and June 30, 2020 respe ively, which were subject to limited review. 4. The above consolidated financial results include WPIL Limited ("the Company") and its 11 subsidiaries (including 9 step down subsidiaries) (the Company together with subsidi es refe ed to as "Group"), 1 Associate, 1 Joint Venture and 5 Joint Operations. tw fi il ct 5. The a ve financial resul in udes t unaudited financial results I financial Info ation of e (5) joint operations, whose interim nancial results and other financial information re e total assets of Rs. 4,440.48 Lacs as at September 30, 2021 end total revenues of Rs . 1 , 1 11 .0 nd Rs. 2,343.00 l total net profit er tax of Rs. NIL end Rs. NIL and total comprehensive income of Rs. NIL and Rs. NIL for the qua er ended September 30, 2021 and for e ended on at date res c vely, and net sh ou of Rs.128ari.19 lacs for thrr e p from Ap l 1, 2021 to September 30, 2021, as considered in the unaudited con idated financial results ich have been revi d by their respective other auditors. bo ts cl the rm fiv fi 6. The fl ct consolidated unaudited financial results include the inte m financial information/ financial results of one 5 lace e (1) subsidiary oees, f WPIL SA Holdingafts P Limited {SAHPL), which have not b n reviewed by their auditors, whose interim financial informationrt / financial results re ect total assets of th period Rs.485.55 la thas at September 30, 2021, total rpe ti ca evenues of tflow Rs.129,39 la and Rs.185eriod .59 lacs, total net ri profi (loss) a er x of Rs.(6.53 nd Rs.22.74 la , total solcomprehensive in me of wh Rs.(6.53) lacs and eweRs.22.74 lacs, for the qua er ended September 30, 2021 and for the period from April 1, 2021 to September 30, 2021 respe ively, and net cash in ows of Rs.79.04 lacs for the period from April 1 , 2021 to September 30, 2021, as considered in the consolidated unaudited nancial results. The consolidated unaudited financial results also includes the Group's share of net profit a er tax of Rs.11.64 lacs and Rs.24.46 lacs and total comprehensive inri come of Rs.11.64 la and Rs,24.46 la , for the quarter ended September 30, 2021 and ty for the period from April 1 , 2021 to September 30, 2021, res ctively, as considered in the nsolidated unaudited finfl ancial results, in respe f one (1) cs joint venture, based on their interim financial information cs nancial results which have not been reviet/ wed bft y tatheir inde nd) lacs aent auditors. A rding csto the information and ecoxplanation given to us by the management these intertrim financial information/ financial resu s are not material to the Group. ct fl fi ft 7. The Group's operations were impacted by the ongoing Covid-19 Pandemic. The Group cs does not anticipate csany challenge in r ve ng the ing value of assets based on its assessment of the busines economic pe , It ll ntinue to evaluate tco he pandemic related unce ainities an ate its assessmentct o . / fi pe cco 8. Co esponding previous year figures for qualt rter ri end has been regroup and re sted whereever necessary. For and on behalf of Board of Deco ri carry irectors d s/ conditions wi co rt d 4J)d � rr /pe od ed ed ca P.AGARWAL Place: Kolkata � glng Director) Date: November 03, 2021 DIN: 00249468

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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 : salarpuria.jajodia@rediffmail.com office@salarpuriajajodia.com Branches at New Delhi & Bangalore

Independent Auditor's Review Report on the Quarterly and Year-to-date Unaudited Standalone Financial Results of the Company Pursuant to the Regulations 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, as amended

Review Report To

The Board of Directors

WPIL Limited

1. We have reviewed the accompanying statement of Unaudited Standalone Financial Results of WPIL Limited ("the Company") which includes five (5) Joint Operations for the quarter ended September 30, 2021 and year to date from April 1, 2021 to September 30, 2021 ("the Statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended ("the Listing Regulations").

2. This Statement, which is the responsibility of the Company's management and approved by the Company's Board of Directors, has been prepared in accordance with the recognition and measurement principles laid down in Indian Accounting Standard 34, (Ind AS 34) "Interim Financial Reporting" prescribed under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India. Our responsibility is to express a conclusion on the Statement based on our review.

3. We conducted our review of the Statement in accordance with the Standard on Review Engagements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India. This standard requires that we plan and perform the review to obtain moderate· assurance as to whether the Financial Statement is free of material misstatement. A review is limited primarily to inquiries of company personnel and analytical procedures applied to financial data and thus provides less assurance than an audit. We have not performed an audit and accordingly, we do not express an audit opinion.

4. Based on our review conducted as above and based on the consideration of the review reports of other auditors of the joint operations referred to in paragraph 5 below, nothing has come to our attention that causes us to believe that the accompanying statement of unaudited financial results, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standards {'Ind AS') specified under Section 133 of the Companies Act, 2013 as amended, read with relevant rules issued thereunder and other accounting principles generally accepted in India, has not disclosed the information required to be disclosed in terms of Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 as misstatement.

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Salarpu1•ia a Partners

CHARTERED ACCOUNTANTS

7, C. R. AVENUE, KOLKATA - 700 072 Phone: 2237 5400 / 5401, 4014 5400-5410 website : www.salarpuriajajodia.com e-mail: salarpuria.jajodia@rediffmail.com office@salarpuriajajodia.com Branches at New Delhi & Bangalore

1. The accompanying Statement of quarterly standalone financial results include the reviewed financial result in respect of five (5) joint operations whose interim financial results and other financial information reflect total assets of Rs.4,440.48 lakhs as at September 30, 2021 and total revenues of Rs.1,111.05 lakhs and Rs.2343.00 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 September 30, 2021 and lor the period ended on that date respectively, and net cash outflow of Rs.128.19 lakhs [or the six month ended September 30, 2021, as considered in the standalone financial results which have been reviewed by their other independent auditors. The reports of such other auditors on interim financial results/financial information of these joint operations have been furnished to us, and our conclusion on the Statement, in so far as it relates to the amounts and disclosures included in respect of these joint operations, is based solely on the reports of such other auditors.

Our conclusion is not modified in respect of matter stated in Paragraph 5 above.

For Salarpuria & Partners Chartered Accountants (Firm ICAI Regn, No.302113E} UDIN: 21056485A CX6956

Anand Prakash . � � � Chc1rtered Accountant �,1embership No.-56485 Partner

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Place : Kolkata Date : 3'd November, 2021

WPIL Limited Re!listered Office: "Trinity Plaza", 3rd floor, 84/1A Topsia Road (South), Kolkata - 700 046 CIN: L36900WB1952PLC020274

Statement of Standalone Unaudited Financial Results For the Quarter and Six Months ended 30th September, 2021

										Rs. in lacs
					Quarer ended		- -	Six-months "ende_d __		Yeardcor
			Paricular	September 30, 2021 (Refer Note 3)	June 30, 2021		September 30, 2020 (Refer Note 3)	September 30, 2021	September 30, 2020 (Refer Note 3)	March 31, 2021
				(Unaudited)	(Unaudited)		(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1.		Income
	a)	Revenue from Opertions		11,354.57	6,23.30		6,285.69	17,588.87	11,963.23	3,033.17
	b)	Other Income		(111.52)		742.68	633.69	631.16	1,337.88	2,176.24
		Totl Income		11.243.05	6.976.98		6,919.38	18,22.03	13,301.11	36.209.41
2.		Expnss
	a)	Cost of Materals and Components Consumed		6,089.14	3,28.09		2,38.19	9,373.23	4,963.56	17,14.67
	b)	Changes in inventories of	Finished Goods and Wor in Progress	231.06	(106.10)		369.17	124.96	962.23	48.31
	c)	Employee Benefts Expense		906.89		686.11	753.4	1,593.00	1,515.02	3,136.21
	d)	Finance Costs		212.72		166.58	297.22	379.30	586.45	956.90
	e)	Depreciation and amoristion expnses		133.12		13.02	136.50	267.14	270.77	547.72
	f	Oher Expenss		1,83.36	1,606.62		1,247.55	3,49.98	2,255.43	6,039.25
		Totl Expnss		9,416.;9	5,771.32		5,188.07	15,187.61	10.553.46	28,273.06
3.		Proft befor Tax(1-2)		1,826.76	1,205.66		1,731.31	3,032.42	2,747.65	7,936.35
4.		Tax ExpensesI(Crdit)
		- Curnt tx		479.00		317.00	43.00	796.00	720.00	1,946.42
		- Deferd tx expenses	I(crdit)	(4.98)		(0.36)	13.72	(5.3)	(18.53)	16.94
		Total		474.02		316.6	47.72	790.66	701.47	1,963.36
5.		Net Proft for the prodIyear (34)		1,352.74		889.02	1,283.59	2,241.76	2 046.18	5.972.99
6.		Oher Comprehensive income (net of tx)
		Items not to be rclassifed to proft or loss in
		subsequent perods:
		Re-measurement gains(losses) on defned beneft plan		(10.28)		(9.22)	(9.23)	(19.50)	(18.45)	35.45
		Income tx efec rlating	to above	2.67		2.32	2.41	4.99	4.73	(8.92)
		Totl Oher Comprhensive Income		(7.61)		(6.90)	(6.82)	(14.51)	(13.72)	26.53
7.		Totl Comprhensive Income		1345.13		8812	1,6.77	Z.27.5	,03.46	5,999.�2
8.		Paid Up Equit Share Capitl		976.71		976.71	976.71	976.71	976.71	976.71
		(Face value of Equit Shar - Rs 1 O per shar)
9.		Oher Equit								46,024.69
10.		Basic and Diluted Earing	Per Shar	13.85		9.10	13.14	22.95	20.95	61.15
		(not annualisd except for the year ended March 31, 2021)
		Contd.2

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Contd. from 1

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STATEMENT OF ASSETS AND LIABILITIES (Rs in Lacs)
Particulars September Asat 30, 2021 March Asat 31, 2021
(llnamliten) (AunitAn)
I.ASSETS
Non - current Assets
a) Property, Plant & Equipment 3.510.38 3.656.63
b) Capital Work - in - progress
c) Goodwill 1.372.93 1,372.93
c) Other lntanQlble A89ets 19.63 24.39
d) Financial Assets
i) lnvHtment1 4.901.46 4.901.46
ii) Trade Receivables 3.833.35 3.755.99
iO Loans and Deposits 15.012.25 14.257.33
iv) Other Financial Assets 406.86 398.82
e) Non Current Tax Assets 2.682.68 381.19
f) Other Non Current Assets 4.512.50 4.875.91
36.252.03 33 624.64
Current Assets
a} Inventories 5.987.00 5.842.11
b) Contract A ets 4.707.71 3.599.20
c) Financial Assets
i) Trade Receivables 11,096.52 15,429.80
ii) Cash and Cash equivalents 89.09 186.49
iii) Ba'nk balances other than Iii} abava 8.208.01 5,162.80
iv) Loans and Deposits 1.192.93 762.50
v) Other Financial Assets 1,760.57 1.806.43
d) Other Current Assets 2.447.78 1.447.72
35.489.61 34 237.05
Total Assets 71741.64 67.8$1.69
II. EQUITY AND LIABILITIES
Equity
a) Equity Share Capital 976.71 976.71
bl Other Equitv 47.275.23 46 024.69
Total Equity 48,251.94 47,001.40
Liabilities
i) Non - Current Liabilities
a) Financial Liabilities
i) Lease Liability 476.65 541.76
i) Borrowings 64.05 72.31
ii} Other Financial Liabilities -
b) Provisions 366.11 356.10
cl Deferred Tax Liabilities (Nell 113.58 123.92
1 020.39 1,094.09
ii) Current Liabilities
a) Contract Liabilities 8.411.27 10.095.67
b) Financial Liabilities
i) Lease Liability 185.70 241.17
ii Borrowings 1,715.75 553.37
ii) Trade Payables
Total outstanding dues of micro 1,054.41 523.13
enterprises and small enterprises
Total outstanding dues of creditors 7,773.37 6,823.16
other than micro enterprises and small
iii) Other Financial Liabilities 381.81 217.85
c) Other Current Liabilities 243.59 375.72
d) Provisions 454.88 499.45
el Current Tax liabilities (net) 2.248.53 436.88
22.469.31 19.766.20
Total Liabilities 23,489.70 20 850.29
Total Equity and Liabilities 71.741.64 67.861.69
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CASH FLOW STATEMENT

CASH FLOW STATEMENT
FOR THE SIX MONTS PEIOD ENDE 30 SEPTBER 2021		[Rs in UcsJ
	For six months prod	For six months perod
	ended	ended
	30 "n+omher.2021	30 "n+omhr 220
	(Unaudited)	(Unaudited)
A. Cash Flow from Oprting Activities
Proft Before Tax	3,032.42	2,747.65
Adjustment to rconcile proft befor tx to net cash fows :
Deprciation and Amoristion expenses	267.14	270.77
(Proft)ILoss on SleIDiscrd of fxed assets (net)	(0.17)
Finance cost	379.30	586.45
Bad debtsIadvances writen of (net of rverls)	9.01	1.51
Allowances for doubtul debts		75.00
Provision for Futur Lo1s1s		(4.82)
(Gain)ILoss on foreign exchange nuctuation (net)	(64.55)	(498.50)
Provision for warnt		22.42
Provisions/ liabilities no longer rquired liabities wrten back	(18.60)	(162.08)
Cororte Gurnte charges	(40.88)	(67.52)
Interest income on loans and deposits	(45.43)	(537.67)
	76.82	(314.4)
Oprting Proft bfor woring cpital changes	3,109.24	2,433.21
IncraseI(decras) in Trde Payble and Oher Liabilities	1,53.27	(1,532.66)
Incrase/ (decras) in Provisions	(54.07)	60.75
(Incrase)Idecras in Inventores	(14.89)	329.22
(Incrase)Idecrase in Trde Receivables and Oher assts	872.38	216.41
	2,207.69	(926.28)
Cash Generted from opertions	5,316.93	1,506.93
Taxes pid (net)	(1,285.8)	(286.4)
Net Cash Flow from Operting Activities	4,031.09	1,220.49
B. Cash Flow from Investing Activities
Purchase of Propr, Plant and Equipment and Intangibles	(116.65)	(89.64)
lincludino caoil wor ineroerss]
Proceds from Sle of Propr, Plant and Equipmnt	0.70	-
Investment in Mutual funds		-
Proceds from Sale of Muual Funds
Advance given for acquisition of an unit (Refer Note 56)		-
Lon to rlated par	(1,192.93)	(762.50)
Repayment of loan by rlated pr		-
Interst rceived		-
Cororte Gurrnte Charges rceived		258.39
Interst nceived	515.8	21.02
Movement in deposits with banks (net)	(3,012.91)	-
Proceds fom mturt of ter deposits with banks		-
Net Cash use in Investing Activities	(3,805.95)	(572.73)
C. Cash Flow from Financing Acivities
Proceds from borowings		56.61
Repyment of Borowings	(7.33)	(4.16)
Movement in Shor ter borowings (net)	1,162.37	437.51
Payment of leas liabiit	(151.901	(151.90)
Interst paid	(38.97)	(550.96)
Oividend pid (including dividend distrbution tx)	(976.71)	(732.53)
Net Cash usd (in)Ifom Financing Acivities	(322.5)	(945.43)
Net increaseI(decras) in csh and cash equivalents (A+B+C)	(97.40)	(297.67)
Cash & Cash Equivalent at the beginning of the year	186.49	358.02
Cash & Cash Equivalent at the end of the perod	89.09	60.35

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1. The above Standalone financial results for the quarter and six months period have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 3rd November, 2021.

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.

1. The Company publishes this unaudited standalone financial results alongwith the unaudited consolidated financial results, hence in accordance with Ind AS 108 "Operating Segments", the Company has disclosed the Segment Reporting and information in its unaudited consolidated financial results.

2. The figures of quarter ended September 30, 2021 and quarter ended September 30, 2020 are the balancing figures between the unaudited figures in respect of the six months period ended September 30, 2021 and September 30, 2020 and the unaudited published figures till June 30, 2021 and June 30, 2020 respectively, which were subject to limited review.

3. The accompanying Statement includes the unaudited financial results I financial information of five (5) joint operations, whose interim financial results and other financial information reflect total assets of Rs.4,440.48 lacs as at September 30, 2021 and total revenues of Rs.1, 111.05 lacs and Rs. 2,343.00 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 September 30, 2021 and for the period ended on that date respectively, and net cash outflow of Rs.128.19 lacs for the period from April 1, 2021 to September 30, 2021, as considered in the unaudited standalone financial results which have been reviewed by their respective other auditors.

4. The Company's operations were impacted by the second wave of the COVID 19 pandemic and the recovery was seen in the later part first quarter , 2021. The company expects to recover the carrying value of assets based on its assessment of the business I economic conditions and will continue to evaluate the pandemic related uncertainities and update its assessment. �

5. There were no exceptional items during the period ended September 30, 2021.

6. Figures for the previous year I period of Standalone unaudited financial results have been re-arranged I re-grouped wherever necessary,

Place : Kolkata Date : 3rd November, 2021

For and on behalf of Board of Directors of WPIL Limited � (Managing Director) DIN 00249468

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