WPIL Ltd — Interim / Quarterly Report 2022

Feb 7, 2022

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84/1A, TOPSIA ROAD (SOUTH), KOLKATA - 700 046 TEL.: (91 33) 4055 6800, FAX: (91 33) 4055 6835 WEB : http://www.wpil.co.ln CINNo.L36900VVB1952PLC020274

7th February, 2021

Listing Compliance Department BSE Limited, Phiroze Jeejeebhoy Tower, 25th Floor, Dalal Street, Mum bai-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 31st December, 2021 which was considered, approved and taken on records by the Board of Directors at their meeting held on 7th February, 2022 along with Limited Review Report thereon issued by the Statutory Auditors of the Company for your perusal and records.

Thanking you

Yours faithfully For WPIL LIMITED

v-�

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

Enclo. As stated above

3rd August 2009

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WORKS : PANIHATI: 22, FERRY FUND ROAD (PANIHATI). KOLKATA- 700 114, TEL.: (033) 2583 3459 GANIPUR: BIREN ROY ROAD (WEST), GANIPUR, 24 PGS (S), KOLKATA- 700 141, PH.: 8100391197, (033) 24880976 GHAZIABAD : A-5, SECTOR - XXII, MEERUT ROAD, GH AD - 201 003, UTTAR 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 and Year to Date Unaudited Consolidated 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 OF WPIL Limited, Trinity Plaza, 84/lA, Topsia Road (South), Kolkata - 700 046

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 after tax and total comprehensive income of its associate, joint venture and joint operations for the quarter ended December 31, 2021 and for the period from April 1, 2021 to December 31, 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 [ngsgements (SRE) 2410, "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Institute of Chartered Accountants of India (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.

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

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 extent applicable.

1. The Statement includes the results 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 (SAHPL)	Subsidiary of AIPL
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
d) 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 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 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 ofthe SEBI (Listing Obligations and

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

Disclosure Requirements) Regulations, 2015, as amended, including the manner in which it is to be disclosed, or that it contains any material misstatement.

1. We did not review the interim financial information/ financial results of five (5) joint operations included in the Consolidated unaudited interim financial information/ financial results of the entities included in the Group, whose results reflect total revenues of Rs. 1,395.61 lakhs and Rs. 3,738.61 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 December 31, 2021 and for the period ended on that date respectively, as considered in the respective consolidated 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 their respective 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 revenues of Rs. 14,189.64 lakhs and Rs. 48,214.08 lakhs, total net profit/(loss) after tax of Rs. 540.30 lakhs and Rs. 2,494.73 lakhs, total comprehensive income of Rs 249.22 lakhs and Rs. 2,112.23 lakhs, for the quarter ended December 31, 2021 and for the period ended on that date respectively, as considered in the consolidated unaudited financial results. The consolidated unaudited financial results also include the Group's share of net profit after tax of Rs 29.44 lakhs and Rs 40.23 lakhs for the quarter ended December 31,2021, and for the period ended on that date respectively as considered in the consolidated unaudited financial results in respect of one (1) Associate, whose interim financial information/financial results have been reviewed by their respective 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 auditor and the procedures performed by us as stated in Paragraph 3 above.

1. The unaudited consolidated financial results also include the Group's share of net profit/(loss) after tax of Rs (10.83) lakhs and Rs 13.63 lakhs and Total comprehensive income Rs (10.83) lakhs and Rs 13.63 lakhs for the quarter ended December 31, 2021, and for the period ended on that date as considered

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• �

Salarpuria 8 Partners

CHARTERED ACCOUNTANTS

7, C. R. AVENUE, KOLKATA- 700 072 Phone: 2237 5400 I 5401, 4014 5400 - 541 website : www.salarpuriajajodia.com e-mail : salarpuria.jajodia@rediffmail.com office@salarpuriajajodia.com Branches at New Delhi & Bangalore

in the consolidated unaudited financial results in respect of one (1) Joint Venture of the Direct Subsidiary, based on their interim financial information/ financial results which have not been reviewed by their independent audilur !,. The LUll!,Uliudleu unaudited rirrdllLidl I l; UIL!> also include Lhe 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 revenue of Rs 18.58 lakhs and Rs 204.17 lakhs, total net profit/(loss) after tax of Rs (17.28) lakhs and Rs 5.46 lakhs and total comprehensive income of Rs (17.28) lakhs and Rs 5.46 lakhs for the quarter ended December 31, 2021, and period ended on that date respectively considered in the consolidated unaudited financial results. According to the information and explanation given to us by the management these interim financial information/financial result 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 the report of other auditors and the conversion adjustments prepared by the management of the Parent Company and reviewed by us.

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

For Salarpuria & Partners Chartered Accountants (Firm ICAI Regn. No.30Z113E) uorN: 22.os-::i-o·=, G AA<QJ' ZK 53 2.3

�-a ::L:·· · N ihar Ranjan y

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N R·�tt· Chartered Accountant Membership No -5707(, Partner

Place: Kolkata

Date: 01. 02. 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 Nine months ended 31st December, 2021

		For the Quarer and Nine mon	ths ended 3	1st Decembe	r,2021
								Rs in Lacs
				Quarer ended		Nine months ended		Year ended
SI.		Pariculars	December 31, 2021 Refer Note 3	September 30,2021	December 31,2020 Refer Note 3	December 31,2021	December 31,2020	March 31, 2021
			Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
1.		Income
	a)	Revenue from Operations	24,657.23	28,705.75	25,715,51	75,871.26	64,161.25	99,483.08
	b)	Other Incme	89.25	(375.08)	648.00	251.39	1,261.74	1,535.04
		Total Income	24,746.48	28,330.67	26,363.51	76,122.65	65,422.99	1,01,018.10
2.		Expenses
	a)	Cost of Materials and cmponents cnsumed	11,324.72	12, 132.06	12,402.31	33,312.53	27,544.57	40,289.88
	b)	Changes in inventories of Finished Goods and Work in Progress	(1,488.98)	(498.17)	424.55	(2,042.69)	1,465.71	2,202.01
	c)	Employee Benefts Expense	5, 173.82	5,137.27	5,067.96	15,400.22	14,342.51	19,;9;SA
	d)	Financ Costs	549.75	541.75	485.38	1,565.40	1,594.62	2,250.36
	e)	Depreciation and amorisation expenses	883.70	908.16	1,063.74	2,693,89	2,781.68	3,694.99
	f	Other Expenses	6,294.01	5,939.19	5,196.01	17,361.31	13,891.25	22,629.04
		Total Expenses	22,737.02	24,160.26	24,639.95	68,290.66	61,620.34	90,358.94
3.		Proft before Tax and share of proft(loss) of an associate and	2,009.46	4,170.41	1,723.56	7,831.99	3,802.65	10,659.16
		a joint venture (1-2)
4.		Share of proft(loss) of an associate and ajoint venture	18.62	(20.70)	199.42	53.86	245.46	216 51
5.		Proft before Tax (3+4)	2,028.08	4,149.71	1,922.98	7,885.85	4,048.11	10,875.67
6.		Tax Expenses
		- Current tax	669.39	785.01	1,019.32	2,082.62	1,783.96	3,199.68
		- Deferred tax expenseI(credit)	(140.65)	332.28	(424.87)	45.82	(680.41)	(149.49)
		Totl	528.74	1,117.29	594.45	2,128.4	1.103.55	3,050.19
7.		Proft afer Tax from continuingoperations (5-6)	1.499.34	3,032.42	1,328.53	5,757.41	2,94.56	7,825.48
		Proft(Loss)before tax from discntinued operation	(1.92)	(1.92)	2,565.26	(5.79)	2,565.26	2,565.26
		Tax expense of discntinued operation	-	-	521.84	-	521.84	521.84
8.		NetProft(Loss)afertx from discontinued operation	(1.92)	(1.92)	2,043.42	(5.79)	2,043.42	2,043.42
9.		NetProft afertx from continuingoperations&discontinued operation	1,497.42	3,030.50	3,371.95	5,751.62	4,987.98	9,868.90
		(7+8)
10.		OtherComprehensive income/(loss) (net oftx)
		Items not to be reclassifed to proft or loss in subsequentperiods:
		RemeasurementgainsI(losses) on defned benefi plan	(9.75)	(10.28)	(9.71)	(29.25)	(72.06)	147.98
		Incme tax efect relating to above	2.50	2.67	2.18	7.49	2.96	(28.01)
		Items to be reclassifed to proft or loss in subsequentperiods:
		Exchange diferencs on translation of foreign operations	{371.85)	(85"8.20)	1.239.09	(463.26)	2,227.09	1,278.31
		TotlOher Comprehensive lncome/(Loss) (netoftx)	(379.10)	(865.81)	1,231.56	(485.02)	2,157.99	1,398.28
11.		Total Comprehensive Income (9+10)	1.118.32	2,164.69	4,603.51	5,266.60	7,145.97	11.267.18
12.		Proft atributable to:	1,497.42	3,030.50	3,371.95	5,751.62	4,987.98	9,888.90
		Equitholdersof the Parent	1,313.03	2,381.51	2,875.50	4,805.42	4,665.31	8,417.92
		Non-Controllinginterest	184.39	648.99	496.45	946.20	322.67	1,450.98
		Total Comprehensive Income atributbleto:	1, 118.32	2,164.69	4,603.51	5,266.60	7,145.97	11,267.18
		Equitholders of the Parent	1,078.39	1,832.22	3,662.16	4,498.41	6,005.02	9,302.88
		Non-Controllinginterest	39.93	332.47	941.35	768.19	1,140.95	1,964.30
13.		Paid Up Equit Share Capital	976.71	976.71	976.71	976.71	976.71	976.71
		(Face value of EquitShare - Rs. 10per share)
14.		Oher Equit						53,271.50
15.		Basic and Diluted Earning Per Share from continuingoperations(Rs.)	13.45	24.39	16.57	49.24	34.90	73.31
		Basic and Diluted EarningPer Share from discontinued operation(Rs.)	(0.01)	(0.01)	12.87	(0.04)	12.87	12.87
		Basic and Diluted EarningPer Share from continuingoperationsand	13.4	24.38	29.4	49.20	47.77	86.19
		discontinued operation (Rs.)
		(not annualized excpt for theyear ended 31stMarch,2021)

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I

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:-

						Rsin Lacs
		Quarer ended		Nine months ended		Year ended
Pariculars	December 31,2021 Refer Note 3	September 30,2021	December 31,2020 Refer Note 3	December 31,2021	December 31,2020	March 31, 2021
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
Gross Segment Revenue
Pumps and Acssories	15,580.49	22,599.27	22,232.19	55,310.18	50,843.13	77,373.54
Project (orks Contract)	9,076.74	6,106.48	3,483.32	20.561.08	13,318.12	22,109.52
Totl Segment Revenue	24,657.23	28,705.75	25,715.51	75,871.26	64,161.25	99,43.06
Net Segment revenue	24,657.23	28,705.75	25,715.51	75,871.26	64,161.25	99,483.06
Segment Result
Pumps and Acssores	1,867.45	3,950.15	2,984.60	6,816.82	4,361.43	9,064.54
Project(orks Contrac)	1,875.89	559.29	1,421.31	3,553.52	2,712.74	5,216.12
Total	3,743.34	4,509.4	4,405.91	10,370.34	7,074.17	14,280.66
Less:FinancCosts	(549.75)	(541.75)	(485.38)	(1,565.40)	(1,594.62)	(2,250.36)
Add:Unallocble CorporateIncme-net of expenditure	(1.165.51)	182.02	(1.997.55)	(919.09)	(1.431.44)	(1,154.63)
Proft before taxfrom continuingoperations	2,028.08	4,149.71	1,922.98	7,885.85	4,048.11	10,875.67
Prnvi$iOn forCu entT1x	669.39	785.01	1,019.32	2,082.62	1,783.96	3,HIQ.68
Provison for DeferredTax	(140.65)	332.28	(424,87)	45.82	(680.41)	(149.49)
NetProft aferTaxfrom contnuing operatons	1,499.34	3,032.42	1,328.53	5,757.41	2,94.56	7,825.48
Segment Asset
Pumps andAcssories	98,016.51	99,977.43	1,01,571.02	98,016.51	1,01,571.02	1,05,717.51
Project (orks Contract)	47,971.34	38,256.70	36,718.50	47,971.34	36,718.50	30,223.63
Total segment assets	1,45,987 .85	1,38,234.13	1,38,289.52	1,45,987 .85	1,38,289.52	1,35,941.14
Add:Unallocblecrporateassets	19,351.43	20,881.80	13,221.88	19,351.43	13,221.88	15,738.23
TotalAsset	1,65,339.28	1,59,115.93	1,51,511.40	1,65,339.28	1,51,511.40	1.51,679.37
SegmentLiabilities
Pumps and Acssores	47,963.33	42,056.32	50,472.44	47,963.33	50,472.44	48,081.99
Project(orks Contract)	35,689.56	35.376.00	28.134 25	35,689.56	28.134.25	19,473.21
Total Segment liabilties	83,652.89	77,432.32	78,606.69	83,652.89	78,606.69	67,555.20
Add: Unalloblecrrteliabilities	18,407.08	19,522.64	18,135.00	18,407.08	18,135.00	25.134.75
Total llablllties	1,02,059.97	96,95.96	96,741.69	1,02,059.97	96,741.69	92,689.95

1. The above Consolidated Ind AS Financial Results for the quarter and nine months ended December 31, 2021 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 07, 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 December 31, 2021 and Quarter ended December 3 1 , 2020 are the balancing figures between unaudited figures in respect of the nine months period ended December 31, 2021 and December 31, 2020 and the unaudited published figures till September 30, 2021 and September 30, 2020 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. 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 revenues of Rs.1,395.61 lacs end Rs. 3,738.61 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 December 31, 2021 and for the period ended on that date respectively, as considered in the unaudited consolidated financial results which have been reviewed by their respective other auditors.

5. 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 revenues of Rs.18.58 lacs and Rs.204.17 lacs, total net profit/(loss) after tax of Rs.(17.28) lacs and Rs.5.46 lacs, total comprehensive income of Rs.(17.28) lacs and Rs.5.46 lacs, for the quarter ended December 31, 2021 and for the period ended on that date respectively, as considered in the consolidated unaudited financial results. The consolidated unaudited financial results also includes the Group's share of net profit/(loss) after tax of Rs. (10.83) lacs and Rs.13.63 lacs and total comprehensive income of Rs.(10.83) lacs and Rs.13.63 lacs, for the quarter ended December 31, 2021 and for the period ended on that date respectively, as considered in the consolidated unaudited financial results, in respect of one (1) joint venture, based on their interim financial information/ financial results which 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.

6. The Group's operations were impacted by the ongoing Covid-19 Pandemic. The Group does not anticipate any challenge in recovering the carrying value of assets based on its assessment of the business/economic conditions. It will continue to evaluate the pandemic related uncertainities and update its assessment.

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

Place: Kolkata Date: February 07, 2022

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----- Start of picture text -----

For and on behalf of Board of Directors of WPIL Limited
P.AGARWAL
naglng Director)
DIN: 00249468
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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 : 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 ObllgatlOll and Disclosure Requirements) Regulation, 2015, as amended

Review Report

TO THE BOARD OF DIRECTORS OF WPIL Limited, Trinity Plaza, 84/lA, Topsia Road (South), Kolkata - 700 046

1. We have reviewed the accompanying statement of unaudited standalone financial results of WPIL Limited ("the Company") which includes five (S) Joint Operations for the quarter ended December 31, 2021 and year to date from April 1, 2021 to December 31, 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 Statement is free of material misstatement. A review is limited primarily to enquiries of company personnel and analytical procedure 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

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

Indian Accounting Standard ('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 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.

1. The accompanying Statement includes the financial results/financial information of five (5) joint operations, whose interim financial results and other financial information reflect total revenues of Rs. 1395.61 lakhs and Rs. 3738.61 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 December 31, 2021 and for the period ended on that date respectively, as considered in standalone financial results which have been reviewed by 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: 2-2.0G:'I 01" G AA.� lUK�i �.3

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Nihar Ranjan Nayak

N · ?-- �

Chartered Account;:,nt t�,rcrnbc�rship f,!c, -570 /6 f\:-.:i· iner

Place: Kolkata

Date: 0 "={ • 0 '2. . '102-2._

WPIL Limited Registered 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 Nine Months ended December 31 , 2021

									R.Inl�es(exc.pt EPS)
				Quarer ended			Nine months ended		Year ended
		Paricular	December 31, 2021 (Refer Note 3)	September 2021	30,	December 31, 2020 (Refer Note 3)	December 31, 2021	December 31, 2020	March 31,2021
			(Unaudited)	(Unaudited)		(Unaudited)	(Unaudited)	(Unaudited)	(Audited)
1.		Income
	a)	Revenue from Operations	10,697.46	11,35.57		10,307,29	28,286.33	22,270.52	3,033.17
	b)	Oher Income	239.26	(111.52)		1,020.58	870.42	2,358.46	2,176.24
		Total Income	10,936.72	11.243.05		11 327.87	29.156.75	24.628.98	36 209.41
2		Expenses
	a)	Cost of Materals and Components Consumed	6,824.03	6,089.14		6,625.67	16,197.26	11,589.23	17,14.67
	b)	Changes in inventores of Finished Goods and Wor in Progrss	(526.29)		231.06	(4.27)	(401.33)	517.96	4.31
	c)	Employe Bneft Expnse	85.8		906.89	766.52	2,438.8	2,281.5	3,136.21
	d)	Finance Costs	19.25		212.72	159.42	569.55	745.87	95.9
	e)	Dpreciation and amorisation expnss	133.36		133.12	135.8	400.50	406.61	57.72
	f	Oher Expnss	2,178.07	1,83.36		1,552.21	5,628.05	3,807.6	6,039.25
		Total Expnses	9.65.28	9.416.29		8,795.39	24,832.89	19,3.85	28,273.06
3.		Proft bfor Tax(1-2)	1,291.4	1,826.76		2,532.4	4,323.86	5,280.13	7,936.35
4.		Tax ExpensesI(Crdit)
		- Curent tax	33.00		479.00	608.00	1,139.00	1,328.00	1,96.42
		- Deferd tax expenssJ(crdit)	(7.39)		(4.98)	22.56	(12.73)	4.03	16.94
		Total	335.61		474.02	630.56	1,126.27	1,332.03	1,963.36
5.		Net Proft for the prodIyear(3-)	955.84	1,352.74		1,901.92	3,197.60	3.948.10	5,972.99
6.		Oher Comprhensive income (net of tax)
		Iems not to b rclassifed to prft or loss in
		subsequent prods:
		Re-measurement gain6(lo66oc) on dofnod bnft pion	(9.75)		(10.20)	(9.22)	(29.25)	(27.07)	:!.45
		Income tax efect rlating to above	2 so		if7	2,23	7.49	696	(8 92)
		Total Oher Comprehensive Income	(7.25)		(7.81)	(8.99)	(21.78)	(20.71)	26.53
7.		Total Comprhensive Income	98.59	1.35.13		1 894.93	3.175.8	3,927.39	5,999.52
8.		Paid Up Equit Share Capital	976.71		976.71	976.71	976.71	976.71	976.71
		(Face value of Equit Shar· Rs 10 per shar)
9.		Oher Equit							46,024.69
10.		Basicand Dilued Earing Per Shar	9.79		13.85	19.47	32.74	40.42	61.15
		(not annualisd except for the year ended March31, 2021)
		Contd.2

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1. The above Standalone financial results for the quarter and nine months period have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 7th February, 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 alongwlth 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 December 31, 2021 and quarter ended December 31, 2020 are the balancing figures between the unaudited figures in respect of the nine months period ended December 31, 2021 and December 31, 2020 and the unaudited published figures till September 30, 2021 and September 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 revenues of Rs.1,395.61 lakhs and Rs. 3738.61 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 December 31, 2021 and for the period ended on that date respectively, 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 December 31, 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 : 7th February, 2022

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For and on behalf of Board of Directors of WPIL Limited
AGARWAL
g Director)
DIN 00249468
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