WPIL Ltd — Investor Presentation 2026

May 19, 2026

KRISHNA Digitally signed by KRISHNA KUMAR KUMAR GANERIWALA Date: 2026.05.19 GANERIWALA 17:02:29 +05'30'

Earnings Presentation Q4/FY2026

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Company Overview

Company Overview

2

WPIL at a Glance

Envisions vast growth potentials in both its core markets – engineered flow control products and turnkey water projects

• WPIL Limited, incorporated in 1952, is a global leader in flow solutions, offering specialized pumps, engineering flow control products, and turnkey water projects to clients worldwide

• With over 70 years of heritage, the company combines deep engineering expertise with the ability to deliver custom-built, high-performance solutions for a variety of applications

• Leveraging its technical capabilities and engineering resources, WPIL has established a leading presence in turnkey water projects, in India and abroad

• Our state-of-the-art manufacturing facilities across the world, backed by continuous investment in R&D, enable us to maintain the highest standard of quality, innovation, and efficiency

• Through a proven buy-and-build strategy, WPIL has successfully acquired nine companies across multiple continents, expanding its product portfolio and customer base

• The company continues to strengthen its leadership in existing regions while expanding its footprint, reinforcing its position as a trusted partner for critical infrastructure projects

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18,546
18,069
16,644
16,055
16.66% 17.92% 16.19% 17.16%
FY23 FY24 FY25 FY26
Revenue (INR Mn) EBITDA Margins
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12 9
INR 1,800 Cr+ 48+ 1500+
Manufacturing Successful
Revenue FY2026 Facilities Acquisitions Countries Served Employees Globally
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Earnings Presentation Q4/FY2026

Company Overview

3

WPIL History

70+ years legacy of delivering flow solutions across the globe

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1952 1992 – 2000 2011 – 2012 2017-2022 2024 Incorporated as Johnston Expanded domestic client range Grew an international footprint Consolidated by building out Pumps India Ltd., a by leveraging a wide range of with mid-market acquisitions in capabilities and order book to manufacturing house for centrifugal pumps, while Australia (Sterling Pumps) and become one of India’s leading vertical/horizontal pumps, expanding and modernizing South Africa (APE Pumps, turn-key project players Africa castings and valves production facilities Mather & Platt) 1983 2001 2015 2023

Expanded project division to global market via acquisition of Eigenbau Pty. Ltd. in South Africa

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2025

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Acquired MISA Srl in Italy to expand European pumping station division and PCI Africa in South Africa to enter into wastewater treatment and water project sector in Africa

Divested in Rutschi, part of Gruppo Aturia, to ride nuclear pump market upcycle and strengthen cash book with 68.9 Mn Euros

Cemented its position as a world player with acquisition of Italian pump conglomerate Gruppo Aturia

Began aggressive expansion of product range, development of export markets and established its turnkey project division

Johnston Pumps acquired by Worthington Pumps Inc., USA, enabling product range expansion, core technology addition, and R&D center establishment. Renamed as Worthington Pumps India Ltd.

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*Note: While management identified turnkey water projects as a future growth area, action to build out capabilities and develop orderbook were not initiated till 2017

Earnings Presentation Q4/FY2026

Company Overview

4

WPIL Board

Highly qualified Board of Directors with diverse expertise

Prakash Agarwal

Managing Director, Promoter

B-Tech from Manipal Institute of Technology, with over 25 years of experience in the overall management of the engineering industry and EPC projects.

K. K. Ganeriwala

Executive Director

B.Com (Hons), LLB, FICWA, FCS with 35 years of experience in finance functions, inclusive of financial planning, capital structure, corporate banking & fund raising, investor relations, risk management including audit, taxation, business strategy, M&A, and restructuring.

B. P. Khare

Executive Director (Operations)

M.E. (Mechanical) with 45 years of experience in the pump industry in areas of design, quality, assurance, manufacturing and all related fields of operations

Debraj Roy Executive Director (Projects)

B.E (Mechanical), M.E (Production) and PGCBM with 30+ years of cross functional experience in Project Management of largescale projects along with the quality control and environment related works.

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Independent Directors
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Anjan Dasgupta

ex-Finance Director, BHEL

Finance experience

Rakesh Amol

ex-Director, Alstom Project expertise

A. K. Pradhan

ex-MD United Bank of India Banking expertise

Samarpita Bose

Corporate communications experience

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Earnings Presentation Q4/FY2026

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Business Overview

Business Overview

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Group Business Structure

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INDIA ITALY SOUTH AFRICA AUSTRALIA
PRODUCT PROJECT
Gruppo Aturia
Conventional Irrigation
Engineered Municipal
Drainage Industry
Earnings Presentation Q4/FY2026
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Earnings Presentation Q4/FY2026

Business Overview

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Global Strength

Building synergies through strategic global integration

• WPIL has established a strong global presence through operations in Italy (Gruppo Aturia, Finder Pompe, and MISA Srl), South Africa (APE Pumps, Mather & Platt SA, Eigenbau, and PCI Africa), and Australia (Sterling Pumps and United Pumps)

• Each acquisition has been carefully integrated to create a cohesive, globally aligned organization that combines local market expertise with shared world-class engineering capabilities

• WPIL’s strong Indian manufacturing base forms the cornerstone of our global competitiveness, significantly optimizing each subsidiaries’ manufacturing cost structure and operational efficiency

• Similar operating guidelines for over 1,500 employees across four continents ensures consistency in quality and execution

• With leading talent, shared technologies, and localized execution, WPIL continues to deliver reliable, high-value solutions to its global customer base

• The company continues its expansion into new geographies, leveraging competencies in flow solutions and water infrastructure

Cost-advantaged Indian manufacturing anchors WPIL’s global integration

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FY2026 Revenue Split by Geography (%)
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South Africa
26% India
41%
INR
18,546 Mn
6%
Australia
7% 27%
Italy
2026 Total Employee Mix
South Africa
31%
Italy
14%
~1,500
Australia 4% Manpower
51%
India
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Earnings Presentation Q4/FY2026

Business Overview

8

Manufacturing Facilities

Global manufacturing reach anchored by a cost-advantaged Indian production base

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WPIL Italy
Gruppo Aturia – Gessate
Gruppo Aturia – Rovigo
Gruppo Aturia – Merate
MISA – Plant & Service Centre
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WPIL South Africa
APE Pumps
Mather+Platt SA
Eigenabu (Pty) Ltd
PCI Africa
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WPIL India
Ghaziabad – Conventional Pumps
Kolkata (2) – Engineered Pumps
Thane – Drainage Pumps
Nagpur – Captive Foundry
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12 Manufacturing Facilities 350,000+ M² Combined Floor Space 1 Captive Foundry

WPIL Australia Sterling Pumps United Pumps Australia

Earnings Presentation Q4/FY2026

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Product Division

Product Division

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Product Portfolio

• Vertical Horizontal Engineered Submersible & beyond…

• Products: Products: Products: Products: Products: • Vertical Turbine pumps • Split Case pumps • Concrete Volute pumps • Deepwell pumps • API pumps • Mixed & Axial Flow pumps • Multistage pumps • Metallic Volute pumps • Drainage pumps • Magnetic Drive pumps End Markets: • End Suction pumps • Pump Turbine • Sewage pumps End Markets: • •

• • Irrigation Non-Clog pumps End Markets: Dewatering pumps • Oil & Gas • Water supply End Markets: • Power End Markets: • Power • Power • Water supply • Irrigation • Oil & Gas • Petrochemical • Industrial processing • Industrial processing • Water treatment & supply • Chemical processing • Wastewater • Mining • Industrial processing • Power • Petrochemical • Sewage & Drainage

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Earnings Presentation Q4/FY2026

Product Division

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Product Applications

• Municipal Irrigation Energy Fire Fighting Industry

• Applications: Applications: Applications Applications: Applications: • Water Supply • Lift irrigation • Oil & Gas • Oil & Gas • Power • Sewage & Drainage • Piped irrigation • Petrochemical • Petrochemical • Steel • Wastewater treatment • Power • Industrial process • Industrial process Key Products:

• Key Products: • Vertical turbine pumps Key Products • Chemical process • Chemical process • Drainage pumps • Multistage pumps • API pumps • Power Key Products: • Sewage pumps • Metallic volute pumps Key Products: • Split case pumps • Concrete volute pumps • Vertical fire pumps • Horizontal fire pumps • Fire system packages

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Earnings Presentation Q4/FY2026

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Project Division

Project Division

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Project Applications

Municipal

WPIL delivers end-to-end water supply and drainage solutions for the municipal sector across India and Africa. In India, under government schemes like Jal Jeevan Mission and AMRUT, water supply for every household is getting the required impetus.

Applications:

• Water Supply

• Sewage & Drainage

• Wastewater treatment

Irrigation

WPIL delivers smart, large-scale irrigation systems. designed to maximize water use efficiency, reduce dependency on rainfall, and support year-round cultivation. From gravity-fed canals and reservoirs to advanced control systems, we execute comprehensive solutions in alignment with food security and rural development goals. Applications:

• Lift irrigation

• Piped irrigation

Industrial

WPIL supports industrial clients with turnkey execution and long-term performance. Our solutions cover the entire water cycle – inclusive of intake systems, circulating and cooling water, portable water, fire water, general service water, sewage, and drainage – ensuring efficient and reliable operations.

Applications

• Steel

• Power

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Earnings Presentation Q4/FY2026

Project Division

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Project Capabilities

Civil

WPIL’s in-house execution teams combine high-quality materials with design precision of complex hydraulic and structural elements that form the backbone of large-scale fully integrated water systems.

Key civil works:

• Intake structures

• Channels & forebays

• Water Treatment Plant structures

• Overhead Reservoirs (OHRs)

• Pipeline networks

• Pipe carrying structures

Electrical & CI

Electrical & CI teams manage the design, integration, installation, and commissioning of advanced electrical and instrumentation systems for seamless execution and long-term reliability.

Key electrical capabilities:

• Electrical switchgears &

• transformers

• Soft starting systems

• Flow meters

• Field instruments

• PLC / SCADA systems

Mechanical

The mechanical engineering teams form a critical pillar of turnkey project execution, enabling seamless integration of complex equipment into critical systems.

Mechanical engineering focus

areas:

• Pumps, valves, gates

• Electric motors

• Clarifiers

• Flash mixer mechanisms

• Fire fighting systems

Design

WPIL’s multi-disciplinary design capabilities allows for delivery of fully integrated, bespoke, technically robust, and cost-effective water infrastructure systems.

Our Design strengths:

• Hydraulic design of complete water supply schemes

• Civil structural design

• Electrical engineering

• Instrumentation engineering

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Earnings Presentation Q4/FY2026

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FINANCIAL OVERVIEW

Financial Overview

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Financial Highlights

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Q4-FY26 Standalone Performance
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25.03% INR 2,011 Mn INR 503 Mn Operating EBITDA Operating Revenue Operating EBITDA Margins INR 402 Mn 19.98% INR 4.11/Share Net Profit PAT Margins Diluted EPS

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FY26 Standalone Performance
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21.31% INR 7,627 Mn INR 1,625 Mn Operating EBITDA Operating Revenue Operating EBITDA Margins INR 1,169 Mn 15.33% INR 11.97/Share Net Profit PAT Margins Diluted EPS

*PAT on Continuing Operations

Q4-FY26 Consolidated Performance	Q4-FY26 Consolidated Performance	Q4-FY26 Consolidated Performance
Q1-FY25 Consolidated Performance
INR 5,112 Mn	INR 762 Mn	14.91%
Operating Revenue	Operating EBITDA	Operating EBITDA Margins
INR 466 Mn	9.12%	INR 4.14/Share
Net Profit*	PAT Margins*	Diluted EPS

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FY26 Consolidated Performance
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17.16% INR 18,546 Mn INR 3,183 Mn Operating EBITDA Operating Revenue Operating EBITDA Margins INR 1,997 Mn 10.77% INR 16.19/Share Net Profit PAT Margins Diluted EPS

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Earnings Presentation Q4/FY2026

Financial Overview

17

Q4-FY26 Highlights - Performance

Domestic product-led momentum and international business scale-up restart growth engines

Domestic Business

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• Product Division revenues grew to INR 374 Cr versus INR 323 Cr in FY2025

• Order intake continues to be robust

• Large power plant cooling water pump contracts received recently for DVC and Deepak Chemicals

• Project Division performance remains subdued; however, fresh momentum is expected with the announcement of JJM 2

International Business

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• International revenues increased to INR 1,136 Cr in FY2026 versus INR 668 Cr in FY2025

• Gruppo Aturia outlook for FY2027 greatly improves due to fresh opportunities in the MENA region

• PCI Africa continues to secure large contracts in the South African water sector, with International project orderbook growing

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Earnings Presentation Q4/FY2026

Financial Overview

18

Q4-FY26 Highlights - Product

International product platform gains momentum; domestic product demand remains strong

Domestic Product

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• Domestic Product Division continues to see good traction in revenues and order intake across core sectors

• Strong demand seen from the power sector and JJM2 to further drive revenue expansion in FY2027

International Product

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• Gruppo Aturia is seeing fresh demand from the MENA region, from both Oil & Gas and water sectors; supported by strong demand from pumps for gas turbines

• Sterling and United are also seeing growing demand from the LNG and mining sectors in Australia

• WPIL Thailand has achieved record revenues of INR 300 Cr in FY2026

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Earnings Presentation Q4/FY2026

Financial Overview

19

Q4-FY26 Product Division Performance

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Product Revenue Split (INR Mn)
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2,946 2,852
1,863 1,764
1,083 1,088
Q4-FY25 Q4-FY26
QUARTERLY
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Domestic International

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Product Revenue Split (INR Mn)
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10,365
9,436
6,623
6,202
3,234 3,742
FY25 FY26
Domestic International
YEARLY
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FY26 Product Order Backlog Split (%)
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Domestic
41.1%
INR
9,841 Mn
58.9%
International
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Earnings Presentation Q4/FY2026

Financial Overview

20

Q4-FY26 Highlights - Project

International project order wins strengthen revenue visibility

Domestic Project

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• Domestic Project Division remains subdued with focus maintained on project commissioning and starting O&M works

• With cabinet clearance of Jal Jeevan Mission 2 in March, there is renewed momentum in the sector as funds are being released and new projects tendered

International Project

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• MISA Italy has completed all legacy projects successfully and is seeing a surge of new irrigation and drainage tenders

• Eigenbau South Africa has had a record year with revenues and profits

• PCI Africa has received large contracts from City of Cape Town for Maccasar and Lower Umkhomazi from Umngeni-Uthukela Water this month, providing good revenue visibility over the medium term

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Earnings Presentation Q4/FY2026

Financial Overview

21

Q4-FY26 Project Division Performance

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Project Revenue Split (INR Mn)
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2,772
2,260
1,337
2,527
923
Q4-FY25 Q4-FY26
Domestic International
Project Revenue Split (INR Mn)
8,633
8,181
4,296
8,243
3,885
FY25 FY26
Domestic International
QUARTERLY
YEARLY
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FY26 Project Order Backlog Split (%)
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Domestic
49.5%
INR
39,517 Mn
50.5%
International
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Earnings Presentation Q4/FY2026

Financial Overview

22

Quarterly Standalone Financial Performance

Particulars (INR Mn)	Q4-FY26	Q3-FY26	Q-o-Q	Q4-FY25	Y-o-Y
Revenue from Operations	2,011	2,044	(1.6)%	3,610	(44.3)%
Operating Expenses	1,508	1,557	(3.2)%	2,965	(49.1)%
EBITDA	503	487	3.4%	645	(21.9)%
EBITDA Margins (%)	25.03%	23.83%	120 Bps	17.87%	716 Bps
Depreciation	30	19	57.9%	18	66.5%
Finance Cost	82	97	(15.5)%	85	(3.5)%
Other Income	132	67	97.0%	77	71.4%
PBT	523	438	19.3%	619	(15.5)%
Taxes	121	111	9.0%	158	(23.5)%
PAT	402	327	22.8%	461	(12.8)%
PAT Margins (%)	19.98%	16.00%	398 Bps	12.77%	721 bps
Other Comprehensive Incomes	4	6	(33.3)%	(1)	NA
Total Comprehensive Income	406	333	21.9%	460	(11.7)%
Diluted EPS (INR per share)	4.11	3.35	22.8%	4.72	(12.8)%
Earnings Presentation Q4/FY2026

Financial Overview

23

Annual Standalone Financial Performance

Particulars (INR Mn)	FY26	FY25	Y-o-Y
Revenue from Operations	7,627	11,477	(33.5)%
Operating Expenses	6,002	9,469	(36.6)%
EBITDA	1,625	2,008	(19.1)%
EBITDA Margins (%)	21.31%	17.50%	381 Bps
Depreciation	86	69	24.6%
Finance Cost	369	307	20.1%
Other Income	385	301	27.6%
PBT	1,555	1,933	(19.6)%
Taxes	386	495	(22.2)%
PAT	1,169	1,438	(18.7)%
PAT Margins (%)	15.33%	12.53%	280 Bps
Other Comprehensive Incomes	10	(1)	NA
Total Comprehensive Income	1,179	1,437	(18.0)%
Diluted EPS (INR per share)	11.97	14.73	(18.7)%
Earnings Presentation Q4/FY2026

Financial Overview

24

Quarterly Consolidated Financial Performance

Particulars (INR Mn)	Q4-FY26	Q3-FY26	Q-o-Q	Q4-FY25	Y-o-Y
Revenue from Operations	5,112	5,387	(5.1)%	5,719	(10.6)%
Operating Expenses	4,350	4,262	2.1%	4,920	(11.6)%
EBITDA	762	1,125	(32.3)%	799	(4.6)%
EBITDA Margins (%)	14.91%	20.88%	(597) Bps	13.97%	94 bps
Depreciation	113	102	10.8%	94	20.2%
Finance Cost	119	113	5.3%	115	3.5%
Other Income	144	134	7.5%	57	NA
Share of profit of an Associate and/or Joint Venture	(5)	49	NA	1	NA
PBT	669	1,093	(38.8)%	648	3.2%
Taxes	203	337	(39.8)%	184	10.3%
PAT on Continuing Operations	466	756	(38.4)%	464	0.4%
Profit/(Loss) from discontinued operations	(1)	-	NA	(701)*	NA
PAT	465	756	(38.5)%	(237)	NA
PAT Margins (%)	9.10%	14.03%	(493) Bps	8.10%	100 bps
Other Comprehensive Incomes	236	165	43.0%	351	(32.8)%
Total Comprehensive Income	701	921	(23.9)%	114	NA
Diluted EPS (INR per share)	4.14	5.56	(25.5)%	4.59	(9.8)%
* Tax Expense on Discontinued Operation (Prior Year)
Earnings Presentation Q4/FY2026

Financial Overview

25

Annual Consolidated Financial Performance

Particulars (INR Mn)	FY26	FY25	Y-o-Y
Revenue from Operations	18,546	18,069	2.6%
Operating Expenses	15,363	15,143	1.4%
EBITDA	3,183	2,925	8.8%
EBITDA Margins (%)	17.16%	16.19%	97 bps
Depreciation	408	334	22.2%
Finance Cost	477	389	22.6%
Other Income	498	373	33.5%
Share of profit of an Associate and/or Joint Venture	84	91	(7.7)%
PBT	2,880	2,666	8.0%
Taxes	883	699	26.3%
PAT on Continuing Operations	1,997	1,967	1.5%
Profit/(Loss) from discontinued operations	(1)	(701)*	NA
PAT	1,996	1,266	57.7%
PAT Margins (%)	10.76%	10.89%	(13) Bps
Other Comprehensive Incomes	1,401	201	NA
Total Comprehensive Income	3,397	1,467	NA
Diluted EPS (INR per share)	16.19	17.93	(9.7)%
* Tax Expense on Discontinued Operation (Prior Year)
Earnings Presentation Q4/FY2026

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HISTORICAL FINANCIAL OVERVIEW

Historical Financial Overview

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Standalone Financial Performance

Particulars (INR Mn)	FY23	FY24	FY25	FY26
Revenue from Operations	10,024	10,769	11,477	7,627
Operating Expenses	8,264	8,839	9,469	6,002
EBITDA	1,760	1,930	2,008	1,625
EBITDA Margins (%)	17.56%	17.92%	17.50%	21.31%
Depreciation	55	70	69	86
Finance Cost	121	172	307	369
Other Income	317	304	301	385
PBT	1,901	1,992	1,933	1,555
Taxes	471	572	495	386
PAT	1,430	1,420	1,438	1,169
PAT Margins (%)	14.27%	13.19%	12.53%	15.33%
Other Comprehensive Incomes	(3)	1	(1)	10
Total Comprehensive Income	1,427	1,421	1,437	1,179
Earnings per share (EPS)	14.64	14.54	14.73	11.97

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Earnings Presentation Q4/FY2026

Historical Financial Overview

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Standalone Balance Sheet

Earnings Presentation Q4/FY2026 Particulars (INR Mn) FY24 FY25 FY26 EQUITY AND LIABILITIES a) Equity Share Capital 98 98 98 b) Other Equity 7,502 8,744 9,728 Shareholders Fund 7,600 8,842 9,826 Non-Current Liabilities a) Financial Liabilities i) Borrowings 74 52 541 ii) Lease Liabilities - 78 100 iii) Provisions 66 66 82 b) Deferred tax liabilities (net) - 92 188 Total Non-current Liabilities 140 288 911 Current Liabilities a) Contract Liabilities 1,927 1,045 783 b) Financial Liabilities i) Borrowings 1,299 2,889 2,898 ii) Lease Liabilities - 22 35 iii) Trade Payables 3,635 2,836 1,328 iv) Other financial liabilities 56 84 92 c) Other current liabilities 212 57 97 d) Provisions 65 78 110 e) Current tax liabilities 101 98 135 Total Current Liabilities 7,295 7,109 5,478 Total Equity and Liabilities 15,035 16,239 16,215

Particulars (INR Mn) FY24 FY25 FY26 ASSETS Non-Current Assets a) Property, Plant and Equipment 864 1,058 1,139 b) Capital Work-in-progress 22 14 - c) Goodwill 137 137 137 d) Other Intangible Assets 4 3 3 e) Financial Assets i) Investments 490 490 397 ii) Trade Receivables 1,295 1,447 1,502 iii) Loans and Deposits 1,027 847 - iv) Other Financial Assets 82 589 378 f) Deferred Tax Assets - - - g) Non-current Tax Assets 51 44 32 h) Other Non-current Assets 28 29 28 Total Non-current Assets 4,000 4,658 3,616 Current Assets a) Inventories 1,395 1,310 1,149 b) Contract Assets 1,268 2,366 2,340 c) Financial Assets i) Trade Receivables 6,070 6,721 7,701 ii) Cash and Cash Equivalents 169 37 856 iii) Bank balances other than (ii) above 1,713 821 262 iv) Other Financial Assets 88 49 104 d) Other Current Assets 332 277 187 Total Current Assets 11,035 11,581 12,599 Total Assets 15,035 16,239 16,215

Historical Financial Overview

29

Consolidated Financial Performance

Particulars (INR Mn)	FY23	FY24	FY25	FY26
Revenue from Operations	16,055	16,644	18,069	18,546
Operating Expenses	13,380	13,662	15,143	15,363
EBITDA	2,674	2,982	2,925	3,183
EBITDA Margins (%)	16.66%	17.92%	16.19%	17.16%
Depreciation	279	301	334	408
Finance Cost	237	308	389	477
Other Income	240	282	373	498
Share of profit of an Associate and/or Joint Venture	27	53	91	84
PBT	2,425	2,708	2,666	2,880
Taxes	646	778	699	883
PAT on Continuing Operations	1,779	1,930	1,967	1,997
Profit/(Loss) from discontinued operations	418	4,908@	(701)*	(1)
PAT	2,197	6,838	1,266	1,996
PAT Margins (%)	11.08%	11.60%	10.89%	10.76%
Other Comprehensive Incomes	(125)	99	201	1,401
Total Comprehensive Income	2,072	6,937	1,467	3,397
Earnings per share (EPS)	16.73	17.71	17.93	16.19

* Tax Expense on Discontinued Operation (Prior Year)

@ Number includes profit on disposal of Rutschi business

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Earnings Presentation Q4/FY2026

Historical Financial Overview

30

Consolidated Balance Sheet

Particulars (INR Mn) FY24 FY25 FY26	Particulars (INR Mn) FY24 FY25 FY26 ASSETS Non-Current Assets a) Property, Plant and Equipment 3,415 3,781 4,631 b) Capital Work-in-progress 138 93 18 c) Goodwill 566 808 1,385 d) Other Intangible Assets 411 441 525 e) Investment in an Associate and/or Joint Venture 240 311 410 f) Financial Assets i) Investments 10 11 10 ii) Trade Receivables 1,295 1,447 1,879 iii) Loan and Deposits 141 149 176 iv) Other Financial Assets 706 2,555 379 g) Deferred Tax Assets (Net) 0 31 64 h) Non-current Tax Assets 80 44 32 i) Other Non-current Assets 29 96 29 Total Non-current Assets 7,031 9,767 9,538 Current Assets a) Inventories 3,700 3,668 3,625 b) Contract Assets 1,271 2,368 2,820 c) Financial Assets i) Trade Receivables 7,307 8,338 9,956 ii) Cash and Cash Equivalents 4,360 1,201 2,715 iii) Bank balances other than (ii) above 1,927 3.265 2,532 iv) Loans 1 1 24 v) Other Financial Assets 99 55 901 d) Current Tax Assets (Net) 25 26 27 e) Other Current Assets 559 665 517 Total Current Assets 19,249 19,587 23,117 Total Assets 26,280 29,354 32,655
EQUITY AND LIABILITIES
a) Equity Share Capital 98 98 98 b) Other Equity 12,361 13,621 15,806 Equity attributable to equity holders of the parent 12,459 13,719 15,904 c) Non-Controlling Interest 3,104 2,991 3,751 Total Equity 15,563 16,710 19,655 Liabilities Non-Current Liabilities a) Financial Liabilities i) Borrowings 265 369 926 ii) Lease Liabilities 104 193 227 iii) Other Financial Liabilities 9 2 - b) Provisions 178 266 355 c) Deferred tax liabilities (net) 58 136 249 Total Non-current Liabilities 614 966 1,756 Current Liabilities a) Contract Liabilities 2,478 1,940 3,265 b) Financial Liabilities i) Borrowings 1,800 4,045 3,796 ii) Lease Liabilities 35 63 75 iii) Trade Payables 4,591 4,170 2,994 iv) Other financial liabilities 221 302 329 c) Other current liabilities 413 239 362 d) Provisions 136 156 215 e) Current tax liabilities 429 764 208 Total Current Liabilities 10,103 11,678 11,244
Total Equity and Liabilities 26,280 29,354 32,655
arnings Presentation Q4/FY2026

Earnings Presentation Q4/FY2026

Historical Financial Overview

31

Consolidated Financial Graphs

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Revenue (INR Mn) EBITDA (INR Mn), EBITDA Margins (%)
18,546
18,069 3,183
2,982 2,925
2,674
16,644
16,055 16.66% 17.92% 16.19%
17.16%
FY23 FY24 FY25 FY26
FY23 FY24 FY25 FY26
EBITDA (INR Mn) EBITDA Margins (%)
Working Capital Days Net Debt to Equity Ratio (x)
202
170
120
79
- - - -
FY23 FY24 FY25 FY26
FY23 FY24 FY25 FY26
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PAT (INR Mn) & PAT Margins (%)
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1,930 1,967 1,997
1,779
11.08% 11.60% 10.89% 10.77%
FY23 FY24 FY25 FY26
PAT (INR Mn) PAT Margins (%)
Return Ratios (%)
25.40%
22.22%
17.58%
15.89%
20.81%
19.48%
17.58%
14.16%
FY23 FY24 FY25 FY26
ROCE (%) ROE (%)
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Earnings Presentation Q4/FY2026

Historical Financial Overview

32

Capital Market Information

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Stock Performance Data (As on 31 [st]
30%
March, 2026)
20%
10%
0%
-10%
-20%
-30%
Apr-25 May-25 Jun-25 Jul-25 Aug-25 Sep-25 Oct-25 Nov-25 Dec-25 Jan-26 Feb-26 Mar-26
WPIL Ltd. Sensex
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Price Data (As on 31st March, 2026)	INR
Face Value	1.00
CMP	345.90
52 Week H/L	524.30/342.30
Market Cap. (Mn)	33,784.3
No. of Share Outstanding (Mn)	97.67
Avg. Trading Volume (‘000)	56.26
Avg. Net Turnover (Mn)	23.86

Shareholding Pattern (As of 31[st] March, 2026)

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Mutual Funds FPI AIF
2.43% 5.62% 0.16%
Public
20.99%
Promoters
70.80%
Promoters Public FPI Mutual Funds AIF
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Earnings Presentation Q4/FY2026

DISCLAIMER

33

Disclaimer

WPIL Limited Disclaimer:

No representation or warranty, express or implied, is made as to, and no reliance should be placed on the fairness, accuracy, completeness or correctness of the information or opinions contained in this presentation. Such information and opinions are in all events not current after the date of this presentation. Certain statements made in this presentation may not be based on historical information or facts and may be "forward looking statements" based on the currently held beliefs and assumptions of the management of WPIL Limited, which are expressed in good faith and in their opinion reasonable, including those relating to the Company’s general business plans and strategy, its future financial condition and growth prospects and future developments in its industry and its competitive and regulatory environment

Forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, financial condition, performance or achievements of the Company or industry results to differ materially from the results, financial condition, performance or achievements expressed or implied by such forward-looking statements, including future changes or developments in the Company’s business, its competitive environment and political, economic, legal and social conditions. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other factors, viewers of this presentation are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update these forward-looking statements to reflect future events or developments

This presentation is for general information purposes only, without regard to any specific objectives, financial situations or informational needs of any particular person. This presentation does not constitute an offer or invitation to purchase or subscribe for any securities in any jurisdiction, including the United States. No part of it should form the basis of or be relied upon in connection with any investment decision or any contract or commitment to purchase or subscribe for any securities. None of our securities may be offered or sold in the United States, without registration under the U.S. Securities Act of 1933, as amended, or pursuant to an exemption from registration there from

This presentation is confidential and may not be copied or disseminated, in whole or in part, and in any manner.

Valorem Advisors Disclaimer:

Valorem Advisors is an Independent Investor Relations Management Service company. This Presentation has been prepared by Valorem Advisors based on information and data which the Company considers reliable, but Valorem Advisors and the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or any omission from, this Presentation is expressly excluded. Valorem Advisors also hereby certifies that the directors or employees of Valorem Advisors do not own any stock in personal or company capacity of the Company under review

For further details, please feel free to contact our Investor Relations Representatives:

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Mr. Anuj Sonpal Valorem Advisors Tel: +91-22-3507 5100 Email: anuj@valoremadvisors.com Investor kit link: www.valoremadvisors.com/wpil

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Earnings Presentation Q4/FY2026

THANK YOU

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