WPIL Ltd — Interim / Quarterly Report 2023

Feb 13, 2023

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13th February, 2023

Listing Compliance Department BSE Limited, Phiroze Jeejeebhoy Tower, 25th Floor, Dalal Street, Mumbai-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,2022 which was considered, approved and taken on records by the Board of Directors at their meeting held on 9th February,2023 along with Limited Review Report thereon issued by the Statutory Auditors of the Company for your perusal and records. The Board Meeting Commenced on 12-00 Hrs and concluded on 13-55 hrs,

Thanking you

Yours faithfully For WPIL LIMITED

\J. ' ---;' (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-700114, 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 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

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 Company"] and its subsidiaries (the Parent Company 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, 2022 and for the period from April 1, 2022 to December 31, 2022 ( 11the Statement") attached herewith, being submitted by the Parent 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 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) "lnterim 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. 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 Entity11 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. Accardi ngly, we do not express an audit opinion.

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a 8 Partners arpuria

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

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 Subsidiar
U.C.P Australia Pty Limited	Subsidiar of SPL
Aturia International Pte Limited (AIPL)	Direct Subsidiar
a) Mathers Foundr Limited	Subsidiar of AIPL
b) WPIL SA HoldingsPtylimited {SAHPL)	Subsidiary of AIPL
i) APE Pumps Pty Limited	Subsidiar of SAHPL
ii) Mather&Platt {SA) Pty Limited	Subsidiary of SAHPL
iii)PSV Zambia Limited	Subsidiar of SAHPL
c) Gruppo Aturia S.p.A (GA)	Subsidiar of AIPL
i}Rutschi Fluid AG	Subsidiar of GA
ii)PompesRutschi SAS	Subsidiar ofGA
d) WPIL (Thailand)Co.Limited	Jointventure of AIPL
Clyde PumpsIndia Private Limited	DirecAssociate
WPIL-SMSJV	JointOperation
WPIL-MHIJV	JointOperation
Ranjit-WPILJV	JointOperation
WPIL-SARTHIJV	JointOperation
WPIL-JWILJV	JointOperation

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 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.

2. 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

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alarpuria 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

included in the Group, whose results reflect total revenues of Rs. 1,950.34 lakhs and Rs. 5, 728. 73 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, 2022 and for the period ended on that date respectively, 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 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 (SPLt two (2) subsidiaries of Aturia International Pte Limited (AIPLL 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. 23,283.43 lakhs and Rs.57,250.82 lakhs, total net profit/{loss) after tax of Rs. 3452.27 lakhs and Rs. 5489.51 lakhs, total comprehensive income of Rs. 6414. 71 lakhs and Rs.5191.59 lakhs, for the quarter ended December 31, 2022 and for the period ended on that date respsctlvefv, as considered in the consolidated unaudited financial results. The consolidated unaudited financial results also include the Group's share of net profit/(loss) after tax of Rs (13.10) lakhs and Rs 61.67 lakhs for the quarter ended December 31,2022, 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. 14.22 lakhs and Rs 41.81 lakhs and Total comprehensive income Rs 14.22 lakhs and Rs 41.81

2. lakhs for the quarter ended December 31, 2022, and for the period ended on that date as considered 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 auditors. The consolidated unaudited financial results also 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 revenue of Rs 181.60 lakhs and Rs 211.51 lakhs, total net

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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

profit/(loss) after tax of Rs 49.38 lakhs and Rs (.55) lakhs and total comprehensive income of Rs 49.38 Jakhs and Rs (.SS} for the quarter ended December 31, 2022, and period ended on that date respectively considered in the consolidated unaudited financial results.

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.302113E)

UDIN: �bO S G 4-� S � � '"Z... b \D-=--fo """::-�

Anand Prakash -=::r-- �

,......\artered Accountant f, ,.. nbership No. �56C!S(; Par.tn�r Place: Kolkata

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Date: 0 � . o o, • r:..O r:t_�

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, 2022

										Rs in Lacs
					Quarer ended			Nine months ended		Year ended
	SI.		Pariculars	December 31,2022 Refer Note 3	September 30,2022	December 31,2021 Refer Note 3		December 31,2022	December 31,2021	March 31, 2022
				Unaudited	Unaudited	Unaudited		Unaudited	Unauditd	Auditd
1.			Income
		a)	Revenue fm Operations	50,716.46	40,428.82		24,657.23	1,21,066.72	75,871.26	1,18, 127.78
		b)	Other Incme	1,573.88	397.17		89.25	2,315.87	251.39	859.14
			Total Income	52,290.34	40,825.99		24,74.4	1,23,382.59	76,122.65	1, 18,986.92
2.			Expenses
		a)	Cost of Materals and cmponents cnsume	28,659.40	25,750.67		11,324.72	68,688.60	33,312.53	53,962.93
		b)	Changesininventores ofFinished Goods and Wor inPrr	(714.15)	(1,301.90)		(1,488.98)	(2,490.15)	(2,042.69)	(2,424.60)
		c)	Employe BeneftsExpnse	5,550.44	4,752.40		5,173.82	15.470.20	15.400.22	20,534.11
		d)	Financ Costs	554.87	598.35		549.75	1,667.79	1,565.40	1,985.68
		e)	Deprecaton and amorisationexpenses	944.46	842.61		883.70	2,681.33	2,693.89	3,726.37
		f	OtherEense	6,618.31	6,291.46		6,294.01	18,835.49	17,361.31	25,031.39
			TotlExpenses	41,613.33	36,933.59		22,737.02	1,04,853.26	68,290.66	1,02,815.88
3.			Profit beforeTax and shareof profit(loss)of an associateand	10,677.01	3,892.4		2,009.46	18,529.33	7,831.99	16,171.04
			ajoint venture(1-2)
4.			Shareofprofit(loss)ofan associate and ajointventure	1.12	30.72		18.62	103.48	53.86	134.88
5.			Profit beforeTax (3+4)	10,678.13	3,923.12		2,028.08	18,632.81	7,885.85	16,305.92
6.			TaExpenses
			. Curent ta	2,282.99	1,254.33		669.39	4,555.45	2,082.62	3,867.56
			- Defered ta expenseI(credit)	22.42	30.70		(140.65)	40.30	45.82	636.94
			Totl	2,305.41	1,285.03		528.74	4,595.75	2,128.4	4,504.50
7.			ProfitaferTaxfrom continuing operations (5-6)	8,372.72	2,638.09		1,499.34	14,037.06	5,757.41	11,801.42
			Proft(Loss)beforta frm discontinuedoperation	{1.76)	(1.68)		(1.92)	(5.18)	(5.79)	(10.57)
			Taexpnse ofdiscntinuedoperation	-	-		-	-	-	(30.95)
8.			Net ProfU(Loss) afertx from discontinued operation	(1.76)	(1.68)		(1.92}	(5.18)	(5.79)	20.38
9.			Net Profit afer tafromcontinuing operations&discontinued	8,370.96	2,636.41		1,497.42	14,031.88	5,751.62	11,821.80
			opertion(7+8)
10.			Other Comprehensiveincome/(loss) (net of tax)
			Itemsnot to be reclassified toproft orlossinsubsequentperiods:
			RemeasurementgainsI(lose}on defnedbeneftplan	(8.39)	(8.39)		(9.75)	(25.16)	(29.25)	301.10
			Incme taxefectrlatingtoabove	2.11	2.11		2.50	6.33	7.49	(63.90}
			Itemsto be reclassifedto profitorloss in subsequentperiods:
			Ecangediferencs ontrnslatonofforeign operations	3,247.08	(1,645.54)		(371.85)	(251.29)	{463.26)	491.62
			Total OtherComprehensivelncome/(Loss) (netoftx)	3,240.80	(1,651.82)		{379.10)	(270.12)	{485.02)	728.82
11.			TotlComprehensiveIncome (9+10)	11,611.76	984.59		1,118.32	13,761.76	5,266.60	12,550.62
12.			Proftatrbutble:	8,370.96	2,636.41		1,497.42	14,031.88	5,751.62	11,821.80
			Equitholderofthe Parent	6,980.37	2,337.07		1,313.03	11,769.60	4,805.42	9,732.76
			Non-Controllinginterests	1,390.59	299.3		184.39	2,262.28	946.20	2,089.04
			TotalComprehensive Income atributble:	11,611.76	984.59		1,118.32	13,761.76	5,266.60	12,550.62
			Equitholder ofthe Parent	8,960.06	1,333.36		1,078.39	11,607.05	4,498.41	10,178.09
			Non-Controllinginterst	2,651.70	(348.77)		39.93	2,154.71	768.19	2,372.53
13.			Paid UpEquit ShareCapitl	976.71	976.71		976.71	976.71	976.71	976.71
			(Facevalue ofEquit Share-Rs. 10per share)
14.			OtherEquit							62,472.88
15.			BasicandDilutedEarning PerSharefromcontinuingoperations	71.48	23.94		13.4	120.53	49.24	99.52
			Basicand DilutedEarningPerSharefrom discontinued operation	(0.01)	(0.01)		(0.01)	(0.03)	(0.04)	0.13
		(Rs.)
			BasicandDilutedEarningPerSharefrom continuingoperations	71.47	23.93		13.4	120.50	49.20	99.65
		anddiscontinued operation(Rs.)
			(not annualiedexcptfortheyear ende31st Marc,2022)
					��\A&/ � �� (: Charered � <Accountantsn, u 4/! * y �0/h\3

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 seqrnentwise revenue, results, assets and liabilities are as follows:-

						Rs.inLac
		Quarr ended		Nine months ended		Year ended
Paricular	December 31,2022 Refer Note3	September 30,2022	December 31, 2021 Refer Not3	December 31, 2022	December 31, 2021	March31, 2022
	Unaudited	Unaudited	Unaudited	Unaudited	Unaudited	Audited
Gross Segment Revenue
Pumps and Acesore	25,288.51	19,197.70	15,580.49	64,566.38	55,310.18	75,765.53
Projet (ors Contact)	25,427.95	21,231.12	9,076.74	56,500.34	20,561.08	42,362.25
Total Segment Revenue	50,716.46	40,428.82	24,657.23	1,21,066.72	75,871.26	1,18,127.78
Segment Results
Pumpsand Acssres	6,761.42	1,308.84	1,867.45	11,397.92	6,816.82	12,424.88
Projec (ors Contrac)	4,853.62	2,779.88	1,875.89	9,127.40	3,553.52	7,312.11
Totl	11,615.04	4,088.72	3,74.3	20,525.32	10,370.34	19,736.99
Less:Finnc Costs	(554.87}	(598.35)	(549.75)	(1,667.79)	(1,565.40)	(1,985.68)
Add:UnallobleCorrate Incme-netofexpenditure	(382.04}	432.74	(1,165.51)	(224.72}	(919.09)	(1,445.39)
Profit beforetxfromcontinuingopertions	10,678.13	3,923.12	2,028.08	18,632.81	7,885.85	16,305.92
Provision for CurentTa	2,282.99	1,254.33	669.39	4,555.45	2,082.62	3,867.56
Provson forDeferedTa	2.42	30.70	(140.65)	40.30	45.82	636.94
Net Profit afer Tax fromcontinuingoperations	8,372.72	2,638.09	1,499.3	14,037.06	5,757.41	11,801.42
Segment Assets
Pumps andAcssores	1,10,431.41	96,240.35	98,016.51	1,10,431.41	98,016.51	1.01,711.51
Projec (orksContact)	79,665.18	71,429.64	47,971.34	79,665.18	47,971.34	59,683.07
Totl segmentassets	1,90,096.59	1,67,669.99	1,4,987.85	1,90,096.59	1,4,987.85	1,61,394.58
Add:Unalloblecrorate assets	25,022.58	23,484.98	19,351.43	25,022.58	19,351.43	19,343.72
TotalAsset	2,15,119.17	1,91, 154.97	1,65,339.28	2,15, 119.17	1,65,339.28	1,80,738.30
SegmentLiabilities
Pumps andAccssores	41,632.30	39,948.36	47,963.33	41,632.30	47,963.33	43,557.89
Project (WorsContrct)	68,286.17	60,547.79	35,689-56	68,286.17	35,689.56	49,192.26
TotlSegmentliabilties	1,09,918.47	1,00,496.15	83,652.89	1,09,918.47	83,652.89	92,750.15
Add:Unallocblecrporte liabilities	20,960.26	18,028.05	18,407.08	20,960.26	18,407.08	17,424.82
Totl liabilities	1,30,878.73	1,18,524.20	1,02,059.97	1,30,878.73	1,02,059.97	1,10,174.97

1. The above Consolidated Ind AS Financial Results for the quarter and nine months ended December 31, 2022 have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on February 09, 2023.

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 December 31, 2022 and Quarter ended December 31, 2021 are the balancing figures between unaudited figures in respect of the nine months period ended December 31, 2022 and December 31, 2021 and the unaudited published figures tilt September 30, 2022 and September 30, 2021 respectively, which were subject to limited review.

4. The above consolidated financial results indude WPJL 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.

5. 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 1,950.34 lakhs and Rs. 5,728.73 fakhs. 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, 2022 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.

6. 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.

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 ofWPIL Limited
c )
.AGARWAL
ng Director)
DIN: 00249468
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Place: Kolkata Date: February 091 2023

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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, 20151 as amended

TO THE BOARD OF DIRECTORS OF.

WPIL Limited,

Trinity Plaza, 84/lA,

Topsia Road (South),

Kolkata - 700046

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 December 31, 2022 and year to date from April 11 2022 to December 31, 2022 ("the statement") attached herewith, being submitted by the Company pursuant to the requirements of Regulation 33 of the SEBJ (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, 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 of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and othe 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 becom 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 SEBI under Regulation 33 (8) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, to the extent applicable.

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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

1. 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, prepared in accordance with the recognition and measurement principles laid down in the aforesaid Indian Accounting Standard (Tnd 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 including the manner in which it is to be disclosed, or that it contains any material misstatement.

2. 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. 1,950.34 lakhs and Rs. 5,728.73 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, 2022 and for the period ended on that date respectively, as considered in standalone financial results which have been reviewed by their respective other 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: � �OSG 4-'6 S � v,-z. E; \ '\" 4,-S� ')__

Anand Prakas�

Chartered Accountant fvfembership No.-b· ·.2S Partner

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Place: Kolkata

Date: -0� .oa.. ':)..o�--S

WPIL Limited Registered Office: ''Trinity Plaza", 3rd floor, 84 A Topsia Road {South), Kolkata - 700 046 CIN : L36iOOWB1952PLC020274

Statement of Standalone Unaudited Financial Results For the Quarter and Nine Months ended 31 December, 2022

		Forthe Qua	rr and Nine Monts	ended 31Decem	ber,2022
								R in lac
				Quarer ended		Nine monts ende		Yearended
		Paricular	31 Deember, 2022 (Refer Note 3J	30 September, 2022	31Dcember, 2021 (Refer Note 3)	31 December, 2022	31 December, 2021	31 March, 2022
			(Unaudite)	(Unaudited)	(Unauditd}	(Unaudited)	(Unaudited)	(Audited)
1.		Income
	a)	Rvnu from Oprtons	27,281.31	24,689.5	10,697.46	6,096.10	28,286.3	52,981.79
	b)	oer Income	2,314.4	2.4	197.97	2,607.07	76.5	1,617.59
		TolIncome	29,595.79	24,714.95	10,89.4	67,703.17	29,00.91	5,599.38
2.		Epni
	a)	Cst of Matrls and Cmponen Cnumed	18,98.10	18,202.28	6,824.03	4,49.3	16,197.26	32,109.67
	b)	Changes in invenorsOFinished Gods andWorinPrr	4 .4	(432.31)	(526:29)	193.17	(41.33)	(37.2)
	c)	Emplyee Bnef Epns	973.40	96.9	8.8	2,879.24	2,4884	3,374.99
	d)	FinancCst	296.38	2! .27	190.25	833.15	569.�	890.10
	e)	Dpriatonandamorsto epnses	133.71	141.14	133.36	420.01	4 .50	562.9
	f	oer Epenses	2,207.61	2,861.78	2,136.8	7,55.98	5,52.21	9,43.49
		Tol Epnses	23,09.63	22,031.10	9,63.99	56,23.89	24,727.05	4,93.M
3.		ProftbforTa(1·2)	6,586.16	2,683.8	1,291.4	11,4.28	4,323.8	8,615.53
4.		Tax EpnssI(Crdi)
		- Crn tx	1,731.25	686.00	33.00	2,961.25	1,139.0	2,31.63
		- Drdtexpn I(cri)	(13.25)	23.51	(7.39)	2.62	(12.73)	(103.43)
		Totl	1,718.00	709.61	3.61	2,969.87	1,126.27	2,28.21
5.		Ne Prfr teprodIyr(;)	4,868.16	1,974.3	95.8	8,43!.41	3,197.60	6,37.32
6.		oerComprheni income (net of tx)
		Ims not to b rclassietprofr or loss in
		subsuent prods;
		Re-surmen gains(los )ondend bn plan	(8.39)	(8.39)	(1.75)	(2.16)	{29.25)	1.57
		Income tx efc rlatngtoabove	2.11	2.11	2.5	6.33	7.49	(0.40]
		TolOrComprhensiv Income	(6.28)	(6.29)	(75)	(18.8}	(21.761	1.18
7.		Tol Cmprhensi Ince	4,861.8	1,968.0	9.59	8,420.58	3,175.8	6,38.49
8.		PaidUpEquit SCpil	976.71	976.71	976.71	976.71	976.71	976.71
		(Fac vlueoEquiShar·R10prshar)
9.		Ohr Equi						51,46.4
10.		BsicadDludEaing PerShar	49.8	20.21	9.79	86.41	32.74	6.4
		(noannualisdexcptforteyer endeMrh 31, 2021)
		Cnt. 2

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Contd. from 1

Notes:

1. The above Standalone financial results for the quarter and nine monhs period eneded 31 December, 2022 have b n reviewed by the Audit Committee and approved by the Board of Directors at their respective meetings held on 9 February, 2023.

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 s tory 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 December quarter are the balancing figures between the unaudited figures of nine months ended 31 December, 2022 I 31 December 2021 and the unaudited figures of six months ended 30 September 2022130 September 2021 which were subjected to limited review.

3. The accompanying results include the unaudited financial results I financial infonnations of five (5) joint operations, whose Interim financial results and other financial infonnation reflect total revenues of Rs. 1,950.34 lacs and Rs.5,728.73 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 31 December, 2022 and for the Nine months 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 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 base<i on its assessment of business I economic conditions.

5. There were no exceptional items during the period ended 31 December, 2022.

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

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Place : Kolkata
Date : 9 February, 2023
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For and on behalf of Board of Directors of WPIL Limited
��
(Managing Director)
DIN 00249468
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