Outcome of Board Meeting
WPIL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
WPIL's board approved unaudited consolidated results for Q2 FY26 showing revenue from operations of Rs. 426.02 crore (down ~13% from Rs. 490.89 crore in Q2 FY25) and profit after tax of Rs. 51.79 crore (down ~26% from Rs. 70.22 crore). For the half year, revenue stood at Rs. 804.61 crore versus Rs. 853.41 crore, with PAT falling to Rs. 77.53 crore from Rs. 113.27 crore. The Pumps & Accessories segment grew, but the Projects (works contract) segment saw a sharp revenue drop. Standalone numbers were weaker, with H1 revenue at Rs. 357.14 crore and PAT at Rs. 44.01 crore. The board also approved increasing authorized capital from Rs. 10.5 crore to Rs. 12 crore (by converting preference shares into equity) and plans to seek NSE listing alongside BSE. The company recently acquired a 55% stake in Paterson Candy International (South Africa) for Rs. 79 crore.
Negative near-term for shareholders as both top line and bottom line declined year-on-year, with notable weakness in the projects segment. The capital expansion and NSE listing move could improve liquidity and visibility over time, but operating cash flows remain deeply negative, which investors should monitor closely.