Earnings Call Transcript - Q4-FY25
WPIL · price
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WPIL Limited reported FY25 consolidated revenue of INR 18,069 million, up 8.6% year-on-year, with EBITDA of INR 2,925 million at a 16.19% margin and PAT of INR 1,266 million. Q4 standalone performance was strong with EBITDA margin at 17.87% and net profit of INR 461 million, though consolidated Q4 PAT turned to a loss of INR 237 million due to a one-off tax deposit related to the earlier Rutschi divestment. International order book grew 46% to INR 6,670 million, supported by the MISA and Eigenbau acquisitions, while the domestic product business grew 24% to INR 323 crores. Management guided for EBITDA margins in the 15-20% range and expects Jal Jeevan Mission receivables of about INR 350 crores to be released in the next 4-6 weeks, which should ease interest costs.
Short-term, stock may react to the Q4 consolidated loss and pending Jal Jeevan fund release, but management's margin guidance of 15-20% EBITDA and the 46% jump in international order book signal improving earnings visibility. Shareholders should watch for resolution of the INR 350 crore JJM receivables, completion of the PCI Africa acquisition, and any new announcements in the Europe/North America pipeline.