WPIL Ltd — Interim / Quarterly Report 2022

Nov 1, 2022

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pt November, 2022

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

Scrip Code :- 505872

Deur 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,2022 · which was considered, approved and taken on records by the Board of Directors at their meeting held on 31st October, 2022 along with Limited Review Report thereon issued by the Statutory Auditors of the Company for your perusal and records. The Board Meeting Commenced at 12.00 Hrs of 31st October, 2022 and concluded at 13:35 Hrs on the same day.

Thanking you

Yours faithfully For WPIL LIMITED

LL,·-...-

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

Endo. As stated above

. , iw.-.. G.;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, UTTAR PRADESH, TEL.: (0120) 3015 784 / 703 / 711, FAX: (0120) 3015 740

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Salarpuria 8 Partners CHARTERED ACCOUNTANTS

7 , C . R. AVENUE, KOLKATA- 700 072 P h o n e : 2237 5400 / 5401. 4014 5400 - 54 1 0 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 QuarterlyandYearto 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, 2022 and for the period from April 1, 2022 to September 30, 2022 ("the Statement") attached herewith, being submitted by the Parent pursuant to the requirements ofRegulation 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 Part�· ers CHARTERED ACCOUNTANTS

7, C. R . AVENUE, KOLKATA - 700 072 Phone : 2237 5400 I 5401 . 4 014 5400 - 5 4 10 website : www.salarpuriajajodia.com e-mail : salarpuria .jajodia@rediffmail.com office@salarpuriajajodia.com Branches at New Delhi & Bangr:1lore

1. The Statement includes the interim financial information of the following entities:

Entit 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 Foundry 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 Rutschi SAS			Subsidiary of GA
WPIL (Thailand) Co. Limited			Joint venture of AIPL
Clyde Pumps India Private Limited			Direct Associate
WPIL-SMS JV			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 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 : salarpuria.jajodia@rediffmail.com office@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. 7,394.52 lakhs as at September 30, 2022 and total revenues of Rs. 2,871.37 lakhs and Rs. 3, 778.39 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, 2022 and for the period ended on that date respectively, and net cash inflow of Rs. 55.06 lakhs for the period from April 1, 2022 to September 30, 2022 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.1,18,385.39 Lakhs as at September 30, 2022, and total revenues of Rs.17,112.97 lakhs and Rs.33,967.39 lakhs, total net profit/(loss) after tax of Rs.665.10 lakhs and Rs2,037.24 lakhs, total comprehensive income of Rs.{835.88) lakhs and Rs.{1223.12) lakhs, for the quarter ended September 30, 2022 and for the period from April 1, 2022 to September 30, 2022, respectively, and net cash outflows of Rs.742.04 lakhs for the period from April 1, 2022 to September 30, 2022, 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.13.90 lakhs and Rs.74.77 lakhs for the quarter ended September 30, 2022 and for the period from April 1, 2022 to September 30, 2022, 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 indep.endent 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.

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

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.387 .78 lakhs as at September 30, 2022, total revenues of Rs.14.34 lakhs and Rs.29.91 lakhs, total net profit/(loss) after tax of Rs.(33.75) lakhs and Rs.(49.93) lakhs, total comprehensive income of Rs.(33.75) lakhs and Rs.(49.93) lakhs, for the quarter ended September 30, 2022 for the period from April 1, 2022 to September 30, 2022 respectively, and net cash outflows of Rs.14.20 lakhs for the period from April 1, 2022 to September 30, 2022, 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.16.82 lakhs and Rs.27.59 lakhs and total comprehensive income of Rs.16.82 lakhs and Rs.27 .59 lakhs, for the quarter ended September 30, 2022 and for the period from April 1, 2022 to September 30, 2022, 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.

2. 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)

Anand Prakash

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Chartered /\ccount.:mt i\fornbership No.-564BE

P,J:--!ner UDIN: Q':J._c,5G,4"5S\1\1L':tLS�'8 \ 4- Place : Kolkata · Da t e: 3 1 . to , 'lo Q.CL

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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 Unaudited Consolidated Financial Results For the Quarter and Six Months ended 30th September, 2022

											Rsin Lacs
							Quarer ended		Six months ended		Year ended
	SI.		Pariculars	September 30, 2022 Refer Note 3			June 30, 2022	September 30,2021 Refer Note 3	September 30, 2022	September 30,2021	March 31, 2022
					Unaudited		Unaudited	Unaudited	Unaudited	Unaudited	Audited
1.			Income
		a)	Revenue from Operations			40,428.82	29,921.44	28,705.75	70,350.26	51,214.03	1,18,127.78
		b)	Other Income			397.17	344.82	(375.08)	741.99	162.14	859.14
			Total Income			40,825.99	30,266.26	28,330.67	71,092.25	51,376.17	1, 18,986.92
2.			Expenses
		a)	Cost of Materials and components consumed			25,750.67	14,278.53	12,132.06	40,029.20	21,987.81	53,962.93
		b)	Changes in inventories of Finished Goods and Work in Progress			(1,301.90)	(474.10)	(498.17)	(1,776.00)	(553.71)	(2,424.60)
		c)	Employee Benefits Expense			4,752.40	5,167.36	5,137.27	9,919.76	10,226.40	20,534.11
		d)	Finance Costs			598.35	514.57	541.75	1,112.92	1,015.65	1,985.68
		e)	Depreciation and amorisation expenses			842.61	894.26	908.16	1,736.87	1,810.19	3,726.37
		f	Other Expenses			6,291.46	5,925.72	5,939.19	12,217.18	11,067.30	25,031.39
			Total Expenses			36,933.59	26,306.34	24,160.26	63,239.93	45,553.64	1,02,815.88
3.			Profit before Tax and share of profit(loss) of an associate and			3,892.40	3,959.92	4,170.41	7,852.32	5,822.53	16,171.04
			a joint venture (1-2)
4.			Share of profit(loss) of an associate and a joint venture			30.72	71.64	(20.70)	102.36	35.24	134.88
5.			Profit before Tax (3+4)			3,923.12	4,031.56	4, 149:71	7,954.68	5,857.77	16,305.92
6.			Tax Expenses
			-Current tax			1,254.33	1,018.13	785.01	2,272.46	1,413.23	3,867.56
			-Deferred tax expenseI(credit)			30.70	(12.82)	332.28	17.88	186.47	636.94
			Total			1,285.03	1,005.31	1,117.29	2,290.34	1,599.70	4,504.50
7.			Profit after Tax from continuing operations (5-6)			2,638.09	3,026.25	3,032.42	5,664.34	4,258.07	11,801.42
			Profit(Loss) before tax from discontinued operation			(1.68)	(1.74)	(1.92)	(3.42)	(3.87)	(10.57)
			Tax expense of discontinued operation			-		-			(30.95)
8.			Net Profit(Loss) after tax from discontinued operation			(1.68)	(1.74)	(1.92)	(3.42)	(3.87)	20.38
9.			Net Profit afer tax from continuing operations & discontinued			2,636.41	3,024.51	3,030.50	5,660.92	4,254.20	11,821.80
			operation (7+8)
10.			Other Comprehensive income/(loss) (net of tax)
			Items not to be reclassified to profit or loss in subsequent periods:
			Re-measurementgainsI(losses) on defined beneft plan			(8.39)	(8.38)	(10.28)	(16.77)	(19.50)	301.10
			Income tax efectrelatingto above			2 . 1 1	2.11	2.67	4.22	4.99	(63.90)
			Items to be reclassified to profit orloss in subsequentperiods:
			Exchange diferences ontranslation of foreign operations		(1,645.54)		(1,852.83)	(858.20)	(3,498.37)	(91.41)	491.62
			Total Other Comprehensive lncome/(Loss) (net of tax)		(1,651.82)		(1,859.10)	(865.81)	(3,510.92)	(105.92)	728.82
1 1 .			Total Comprehensive Income(9+10)			984.59	1,165.41	2, 164.69	2,150.00	4,148.28	12,550.62
12.			Profit attributable:			2,636.41	3,024.51	3,030.50	5,660.92	4,254.20	11,821.80
			Equityholders of the Parent			2,337.07	2,452.16	2,381.51	4,789.23	3,492.39	9,732.76
			Non-Controllinginterests			299.34	572.35	648.99	871.69	761.81	2,089.04
			Total Comprehensive Income atributable:			984.59	1, 165.41	2,164.69	2,150.00	4,148.28	12,550.62
			Equityholders of the Parent			1,333.36	1,313.63	1,832.22	2,646.99	3,420.02	10,178.09
			Non-Controlling interests			(348.77)	(148.22)	332.47	(496.99)	728.26	2,372.53
13.			Paid UpEquitShare Capital			976.71	976.71	976.71	976.71	976.71	976.71
			(Face value of EquitShare-Rs. 10per share)
14.			Other Equit								62,472.88
15.			Basic andDiluted EarningPer Share from continuing operations			23.94	25.12	24.39	49.05	35.78	99.52
			Basic andDilutedEarning Per Share from discontinue,d operation			(0.01)	(0.01)	(0.01)	(0.02)	(0.02)	0.13
			(Rs.)
			Basic andDiluted Earning Per Share from continuingoperations			23.93	25.11	24.38	49.03	35.76	99.65
			and discontinued operation (Rs.) (not annualized except fortheyear ended31stMarch,2022)	-- jg_L			�
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STATEMENT OF ASSETS AND LIABILITIES AS AT SEPTEMBER 30, 2022

			Rs. in Lacs
		As at September	As at March 31,
Pariculars		30 2022 (Unaudited|2022 (Audited)
I.	Assets
	Non-current assets
	a) Propery,Plant and Equipment b)Capital Work-in-progress c) Goodwill d) Other Intangible Assets e) Investment in an associate and a Joint Venture	29,354.74 552.53 5,309.06 3,909.56 1,708.89	31,643.49 915.30 6,178.61 4,234.53 1,606.53
	fFinancial Assets i) Investments ii) Trade Receivables	87.13 7,468.04	87.11 4,945.43
	iii) Loans and Deposits iv) Other Financial Assets g) Deferred Tax Assets (net) h) Non Current Tax Assets i) Other Non Current Assets	1,441.18 693.93 136.59 1,214.76 4,504.66 56,381.07	- 737.38 149.48 783.44 4,505.43 55,786.73
	Current assets
	a) Inventories b) Contract Assets	29,793.25 35,637.91	29,549.92 24,919.63
	c) Financial assets i) Trade Receivables ii) Cash and Cash equivalents iii) Bank balances other than (ii) above iv) Loans v) Other Financial Assets d) Current Tax Assets (net) e) Other Current Assets	40,053.34 8,470.62 13,152.03 5.40 975.90 345.70 6,339.75 1,34, 773.90	42,678.01 12,126.83 9,180.13 5.98 781.01 453.54 5,256.52 1,24,951.57
	Total Assets	1,91, 154.97	1,80, 738.30
II.	Equit and liabilities Equit a) Equity Share Capital b) Other Equity Equity attributable to equity holders of the parent Non controlng interests Total Equit	976.71 64,589.55 65,566.26 7,064.51 72,630.77	976.71 62,472.88 63,449.59 7,113.74 70,563.33
	Liabilities
	i) Non - Current Liabilities
	a) Financial Liabilities i) Borrowings ia) Lease Liability b) Provisions c) Deferred Tax Liabilities (net)	7,974.89 1,817.18 2,385.30 195.41 12,372.78	12,200.72 2,473.88 2,653.41 199.36 17,527.37
	ii) Current liabilities a) Contract Liabilities	41,725.63	28,444.13
	b) Financial Liabilities i) Borrowings ia)Lease Liability	16,179.09 1,141.45	15,707.78 1,284.64
	ii) TradePayables - Total outstandingdues ofmicro enterprises and small	986.92	1,021.41
	enterprises - Totaloutstandingdues of creditors other than micro	35,834.98	37,616.83
	enterprisesandsmall enterprises iii) OtherFinancial Liabilities c) Other Current Liabilities d)Provisions e) Current Tax Liabilities(net)	2,161.56 2,678.95 1,011.61 4,431.23 1,06, 151.42	1,994.23 1,642.53 1,202.34 3,733.71 92,647.60
	Total liabilities	1,18,524.20	1,10,174.97
	Total equit and lia� _,-R�.	1,91,154.97	1,80, 738.30
	If �. ,

Consolidated Cash Flow Statement

Rs. in Lacs

			Rs. in Lacs
		For the Period ended	For the Period ended
		September 30, 2022	September 30, 2021
		(Unaudited)	(Unaudited)
A.	CASH FLOWS FROM OPERTING ACTIVITIES Profit before tax including discontinued operations and excluding share of profit of an associate and a joint venture	7,848.91	5,818.66
	Adjustment to reconcile profit before tax to net cash flows:
	Depreciation and Amorisation expenses Loss/(Proft) on sale of Propery, Plant and equipment Finance Costs	1,736.87 19.74 1,112.92	1,810.19 (4.82) 1,015.65
	Bad Debts/advances written of (net of reversals) Allowances for doubtful debts/ advances	57.61 1.94	9.02 82.95
	Provisions/unspent liabilities no longer required written back Interest Income on loans and deposits	(5.64) (353.39)	(18.60) (60.76)
	Operating Profit before Working Capital changes	10,418.96	8,652.29
	Adjustment for: Decrease in trade payables Increase in contract liabilities Decrease in trade receivables Increase in inventories Increase in contract assets Increase in OtherLiabilities	(1,810.70) 13,281.50 42.51 (243.33) (10,718.28) 738.83	(1,873.28) 6,565.37 8,229.89 (397.61) (8,538.65) 4.61
	Decrease/(lncrease) in Other Assets	(1,164.58)	43.04
	Cash generated fromoperations	10,544.91	12,685.66
	Taxes Paid (net)	(2,112.56)	(1,524.02)
	Net Cash fromOperating Activities	8,432.36	11,161.64
B.	CASHFLOWS FROMINVESTING ACTIVITIES
	Purchase of Propery,Plant andEquipment and Intangibles (includingcapitalworkin progress) Proceeds from SaleofPropery,Plant andEquipment Interest received	(1,696.51) 492.07 284.68	(1,074.83) 85.06 11.00
	Movements in deposits withbank(net)	(3,971.90)	(3,421.06)
	Net Cash fromused in Investing Activities	(4,891.66)	(4,399.83)
c.	CASH FLOWSFROMFINANCING ACTIVITIES
	Proceeds from LongtermBorrowings Repayment ofLong TermBorrowings Net movement in Shor TermBorrowings Payment ofLeaseLiability Interest paid Dividend paid	- (5,472.50) 1,717.98 (799.89) (1,121.50) (978.82)	- (1,420.34) (1,401.15) (368.72) (960.31) (976.71)
	Net Cashused in Financing Activities	(6,654.73)	(5,127.23)
D.	Exchange diferences on translation of foreign subsidiaries	(542.18)	(131.24)
	Net lncrease/(Decrease) in Cash&CashEquivalents(A+ B +C+ D) CashandCash Equivalents at the beginning of theyear Cash and Cash Equivalents at the end of the period	(3,656.21) 12,126.83 8,470.62	1,503.34 9,115.63 10,618.97
		0.00

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Notes.,'

1·. 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		Six months ended		Year ended
Pariculars	September 30,2022	June 30, 2022	September 30,2021	September 30,2022	September 30,2021	March 31, 2022
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
Gross Segment Revenue
Pumps and Accessories	19,197.70	20,080.17	22,599.27	39,277.87	39,729.70	75,765.53
Project (Works Contract)	21,231.12	9,841.27	6,106.48	31,072.39	11,484.33	42,362.25
Total Segment Revenue	40,428.82	29,921.44	28,705.75	70,350.26	51,214.03	1,18,127.78
Segment Results
Pumps and Accessories	1,308.84	3,327.66	3,950.15	4,636.50	4,949.38	12,424.88
Project (Works Contract)	2,779.88	1,493.90	559.29	4,273.78	1,677.63	7,312.11
Total	4,088.72	4,821.56	4,509.4	8,910.28	6,627.01	19,736.99
Less:Finance Costs	(598.35)	(514.57)	(541.75)	(1,112.92)	(1,015.65)	{1,985.68)
Add:Unallocable Corporate Income - net of expenditure	432.74	(275.42)	182.02	157.32	246.41	(1,445.39)
Profit before tax from continuing operations	3,923.12	4,031.56	4,149.71	7,954.68	5,857.77	16,305.92
Provision for Current Tax	1,254.33	1,018.13	785.01	2,272.46	1,413.23	3,867.56
Provison for Deferred Tax	30.70	(12.82)	332.28	17.88	186.47	636.94
Net Profit after Tax from continuing operations	2,638.09	3,026.25	3,032.42	5,664.34	4,258.07	11,801.42
Segment Assets
Pumps and Accessories	96,240.35	1,00,632.56	99,977.43	96,240.35	99,977.43	1,01,711.51
Project (Works Contract)	71,429.64	57,843.52	38,256.70	71,429.64	38,256.70	59,683.07
Total segment assets	1,67,669.99	1,58,476.08	1,38,234.13	1,67,669.99	1,38,234.13	1,61,394.58
Add: Unallocable corporate assets	23,484.98	16,851.09	20,881.80	23,484.98	20,881.80	19,343.72
Total Assets	1,91,154.97	1,75,327.17	1,59,115.93	1,91,154.97	1,59,115.93	1,80, 738.30
Segment Liabilities
Pumps and Accessories	39,948.36	44,984.35	42,056.32	39,948.36	42,056.32	43,557.89
Project (Works Contract)	60,547.79	44,376.77	35,376.00	60,547.79	35,376.00	49,192.26
Total Segment liabilties	1,00,496.15	89,361.11	77,432.32	1,00,496.15	77,432.32	92,750.15
Add:Unallocable corporate liabilities	18,028.05	13,324.96	19,522.64	18,028.05	19,522.64	17,424.82
Total liabilities	1, 18,524.20	1,02,686.08	96,954.96	1,18,524.20	96,954.96	1,10,174.97

1. The above Consolidated Ind AS Financial Results for the quarter and six months ended September 30, 2022 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on October 31 , 2022. 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.

2. The Figures for the quarter ended September 30, 2022 and Quarter ended September 30, 2021 are the balancing figures between unaudited figures in respect of the six months period ended September 30, 2022 and September 30, 2021 and the unaudited published figures till June 30, 2022 and June 30, 2021 respectively, which were subject to limited review.

3. 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.

4. WPIL SA Holdings Pty Limited, a step down subsidiary of the Company disposed its 31 % of investments in its wholly owned subsidiary APE Pumps Pty Limited to a BEE Owned Company to achieve requisite score under the local Black Economic Empowerment (BEE) norms.

5. The above financial results 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. 7,394.52 Lacs as at September 30, 2022 and total revenues of Rs.2,871.37 lacs and Rs. 3,778.39 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, 2022 and for the period ended on that date respectively, and net cash inflow of Rs. 55.06 lacs for the period from April 1 , 2022 to September 30, 2022, as considered in the unaudited consolidated financial results which have been reviewed by their respective other auditors.

6. 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.

7. Corresponding previous year figures for quarter/period ended has been regrouped and recasted whereever necessary.

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For and on behalf of Board of Directors of WPIL Limited
�o-L.) �o P�ARWAL
.)Managing Director)
DIN: 00249468
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Place: Kolkata Date: October 31, 2022

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Salarpuria a Partners CHARTERED ACCOUNTANTS

7 , C . R. AVENUE, KOLKATA- 700 072 Phone : 2237 5400 I 5401 . 4014 5400 - 54 10 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, 2022 and year to date from April 1, 2022 to September 30, 2022 ("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. 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 princi les generally accepted in India, has not disclosed the information required to be disclose erltt o Regulation 33 of the SEBI (Listing Obligation and Disclosure Requirements) Reguli ,egf5 a • amendedincluding the manner in which it is to be disclosed, or that it contain' 1' ' i� �»'1 r;, misstatement. \� �lk,:' . 'l!;;f)ts c,�"1?'jl�· ·"_ ·/!i' �,���-t)(

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- �
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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 : salarpuria.jajodia@rediffmail.com office@salarpuriajajodia.com

• Branches at New Delhi & Bangalore

• The accompanying Statement of quarterly standalone financial results include the reviewed financial result in respect of five (5) joint operationswhose interim financial results and other financial information reflect total assets of Rs.7,394.52 lakhs as at September 30, 2022 and total revenues of Rs.2,871.371akhs and Rs. 3, 778.391akhs, 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, 2022 and for the period ended on that date respectively, and net cash inflow of Rs. 55.06 Lacs for the six month ended September 30, 2022, 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}

Anand Pr<Ft_k:a_:sl1

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UDIN: 1)__2- 0 SGi 4-� 5 �� L-\t0K \ O \ �

Place: Kolkata Date : '3 \ ., , o. c.o a_ Q.__

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WPIL Limited Registered Office : "Trinity Plaza", 3rd floor, 84/1A Topsia Road (South), Kolkata - 700 046 C I N : L36900WB1952PLC020274

Statement of Standalone Unaudited Financial Results For the Quarter and Six Months ended 30 September, 2022

								Rs.in lacs
				Quarer ended		Six months ended		Year ended
		Paricular	30 September, 2022 (Refer Note 5)	30 June, 2022	30 September, 2021 (Refer Note 5)	30 September, 2022	30 September, 2021	31 March, 2022
			(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1.		Income
	a)	Revenue from Operations	24,689.50	13,125.29	11,354.57	37,814.79	17,588.87	52,981.79
	b)	Oher Income	459.18	411.66	(111.52)	870.84	631.16	1,617.59
		Total Income	25,148.68	13,536.95	11,243.05	38,685.63	18,220.03	54,599.38
2.		Expenses
	a)	Cost of Materals and Components Consumed	18,202.28	7,208.96	6,089.14	25,411.24	9,373.23	32,109.67
	b)	Changesin inventories of Finished Goods and Wor in Progress	(432.31)	225.05	231.06	(207.26)	124.96	(357.29)
	c)	Employee Benefts Expense	964.94	940.90	906.89	1,905.84	1,593.00	3,374.99
	d)	Finance Costs	293.27	243.50	212.72	536.77	379.30	890.10
	e)	Depreciation and amorisation expenses	141.14	145.16	133.12	286.30	267.14	562.90
	f	Other Expenses	3,295.51	2,634.11	1,843.36	5,929.62	3,49.98	9,403.49
		Total Expenses	22,464.83	11,397.67	9,416.29	33,862.51	15,187.61	45,983.85
3.		Proft before Tax(1-2)	2,683.85	2,139.28	1,826.76	4,823.12	3,032.42	8,615.53
4.		Tax ExpensesI(Credit)
		-Current tax	686.00	550.00	479.00	1,236.00	796.00	2,331.63
		- Defered tax expensesI(credit)	23.51	(7.64)	(4.98)	15.87	(5.34)	(103.43)
		Total	709.51	542.36	474.02	1,251.87	790.66	2,228.20
5.		Net Proft for the periodIyear(3-)	1,974.35	1,596.92	1,352.74	3,571.25	2,241.76	6,387.32
6.		Other Comprehensiveincome (netof tax)
		Items not to be reclassifedto proft or loss in
		subsequent perods:
		Re-measurement gains/(losses) on defned beneft plan	(8.39)	(8.38)	(10.28)	(16.77)	(19.50)	1.57
		Income taxefect relating to above	2.11	2.11	2.67	4.22	4.99	(0.40)
		Total Other Comprehensive Income	(6.29)	(6.27)	(7.61)	(12.55)	(14.51)	1.18
7.		Total Comprehensive Income	1,968.06	1,590.65	1,35.13	3,558.70	2,227.25	6,388.49
8.		Paid Up Equity Share Capital	976.71	976.71	976.71	976.71	976.71	976.71
		(Face value of Equit Share - Rs10per share)
9.		Oher Equit						5,018.48
10.		Basic and Diluted Earing Per Share	20.21	16.35	13.85	36.56	22.95	65.40
		(not annualised except forthe year ended March31,2021)
		Contd. 2

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"I.

Contd. from 1

Notes :

Contd. from 1 Notes :
1. STATEMENT OF ASSETS AND LIABILITIES		(RsinLacs)
Pariculars	As at 30 September,2022	As at 31 March, 2022
	(Unaudited)	(Audited)
I. ASSETS
Non - current Assets a) Proper,Plant & Equipment b) Capital Work - in-progress c) Goodwill d) Other Intngible Assets	3,041.90 7.20 1,372.93 18.43	3,409.76 - 1,372.93 16.40
e) Financial Assets i) Investment ii) Trade Receivables ii) Loans and Deposit iv) Other Financial Assets e) Non Current Tax Assets f) Other Non Current Assets	4,901.29 7,468.04 16,886.63 491.94 1,214.76 4,495.58	4,901.29 4,945.43 17,381.67 486.42 783.44 4,495.58
	39 898.70	37 792.92
Current Asset a) Inventories b) Contract Assets	7,015.03 7,963.27	6,136.27 4,718.89
c) Financial Asset i) Trade Receivables ii) Cash and Cash equivalent iii) Bank balances other than (ii) above iv) Other Financial Asset d) Other Current Asset	24,808.02 94.22 12,386.51 1,277.19 3,488.55	26,816.59 3,008.38 7,634.54 1,449.79 2,326.58
	57032.79	52 091.05
Total Assets	96 931.49	89,883.97
II. EQUIT AND LIABILITIES
Equit a) Equit Share Capital b) Other Equit Total Equit	976.71 54018.47 54,995.18	976.71 51,436.48 52,413.19
Liabilities
i) Non - Current Liabilities
a) Financial Liabilities i) Borrowings ia) Lease Liabilit b) Provisions c) Deferred Tax Liabilities (Net)	46.32 160.02 408.13 32.54 647.01	55.39 344.22 408.25 20.89 828.75
ii) Current Liabilities a) Contract Liabilities	9,933.07	9,330.75
b) Financial Liabilities i) Borrowings ia) Lease Liabilit	5,827.34 308.19	3,622.77 324.52
ii) Trade Payables a) Totl outtandingdues of micro enterprises	986.91	1,021.41
andsmall enterprises
b) Totl outtandingdues of creditorother than micro enterprisesand small enterprises iii)Other Financial Liabilities c) Other Current Liabilities d)Provisions e) Current Tax liabilities (net)	22,645.19 360.11 116.83 357.44 754.22	20,953.26 211.39 365.93 487.13 324.87
	41 289.30	36.642.03
TotalLiabilities	41936.31	37,470.78
TotalEq��! Liabilities �A��'	96 931.49 89 883.97 y		t \ |

2. CASH FLOW STATEMENT FOR THE PERIOD ENDED 30 SEPTEMBER,	2022		(Rs in Lacs)
	For the six months		For the six
		period ended	months period
	30	Se tember 2022	ended
		(Unaudited)	(Unaudited)
A. Cash Flow from Operating Activities Profit Before Tax		4,823.12	3,032.42
Adjustment.to reconcile profit before tax to net cash flows : Depreciation and Amorisation expenses (Proft)ILoss on SaleIDiscardIAdjustments of fxed assets (net) Finance costs		286.30 14.59 536.77	267.14 (0.17) 379.30
Bad debtsIadvances writen of (net of reversals)		47.45	9.01
Allowances for debts considered doubtul earlier,now writen back
Allowances for doubtul debtsIadvances
Provision for Future Losses
(Gain)ILoss on foreign exchange fuctuation (net)		578.25	(64.55)
Proft on sale of Investment in Mutual Fund (net)
Employee Stock Option Scheme
Provision for warrant ProvisionsIliabilities no longer required liabilities writen back Corporate Gurrantee charges Interest income on loans and deposits		(5.64) (32.63) (779.28)	(18.60) (40.88) (454.43)
		645.81	76.82
Operating Profit before working capitl changes		5,468.93	3,109.24
IncreaseI(decrease) in Trade Payable and Other Liabilities Increase/ (decrease) in Provisions (Increase)Idecrease in Inventories (Increase)Idecrease in Trade Receivables and Otherassets		669.40 (146.59) (878.75) (3,559.71) (3,915.65)	1,534.27 (54.07) (144.89) 872.38 2,207.69
Cash Generated from operations		1,553.28	5,316.93
Taxes paid (net) Net Cash Flow from Operating Activities		(1,237.98) 315.30	(1,285.84) 4,031.09
B. Cash Flow from Investing Activities
Purchaseof Proper,Plant and Equipment and Intangibles (includingcapital		(462.45)	(116.65)
work inprogress)
Proceedsfrom Saleof Proper,Plant andEquipment		469.91	0.70
Investment
Proceedsfrom Sale ofMutual Funds
Advance paid for acquisition of an unit Loanto related par			(1,192.93)
Repayment of loan byrelatedpar Interest received		901.88	515.84
CorporateGurranteeCharges received		75.36	(3,012.91)
Movementin deposits with banks(net)		(3,581.98)
Proceedsfrom maturitof term deposits with banks		(1,170.00)
Net Cash used in Investing Activities		(3,767.28)	(3,805.95)
C. Cash Flowfrom Financing Activities
Proceedsfrom borrowings RepaymentofBorrowings Movement in Shor term borrowings(net) Payment of lease liabilit Interestpaid Dividend paid		(9.07) 2,204.57 (187.82) (491.05) (978.82)	(7.33) 1,162.37 (151.90) (348.97) (976.71)
Net Cashused (in)Ifrom Financing Activities		537.81	(322.54)
NetincreaseI(decrease)incash and cash equivalents(A+B+C) Cash &CashEquivalentat the beginningof theperiod		(2,914.17) 3,008.38	(97.40) 186.49
		94.22	89.09

1. The above Standalone financial results for the quarter and half year eneded 30 September, 2022 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 31 October, 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.

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 second quarter are the balancing figures between the unaudited figures in respect of the six months figures upto 30 September, 2022 I 30 September 2021 and the unaudited published first quarter figure upto 30 June 2022 ( 30 June 2021 which were subjected to limited review.

3. The accompanying results include the unaudited financial results I financial informations of five (5) joint operations, whose interim financial results and other financial information reflect total assets of Rs.7,394.52 lacs as at 30 September, 2022 and total revenues of Rs. 2,871.37 lacs and Rs.3,778.39 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, 2022 and for the half year ended on that date respectively, and net cash inflow of Rs.55.06 lacs for the period ended 30 September, 2022, as considered in the unaudited standalone financial results which have been reviewed by their respective other auditors.

4. 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.

5. There were no exceptional items during the period ended 30 September, 2022.

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

For and on behalf of Board of Directors of WPIL Limited

Place : Kolkata Date : 31 October, 2022

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