Audited Financial Results for 31.03.2026

Emphasis of matterRevenue declinedProfit growth above 25%Exceptional itemNegative operating cash flowResults View source PDF Explain this filing

WSI · price

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Price reactionminutes from the announcement price · days from the prior close

-2.3%Reaction day

₹70.50

prior close

₹71.99

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.4%-2.0% vs market

Civil Construction peers, median of 98sector-1.3%-1.1% vs sector

On the reaction day the stock moved 2.0 pts less than Nifty Microcap 250 and 1.1 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-0.8

10m

-1.9

15m

-0.1

30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.3-0.4-2.0-1.3-1.1

Next day

-3.5-1.7-1.8-2.8-0.7

-0.9-1.3+0.4-2.9+2.0

-3.9-0.7-3.2-3.0-0.9

-5.0+0.4-5.4-2.6-2.4

-5.8+0.5-6.3-2.2-3.6

-2.9+2.8-5.7+0.0-2.9

15d

-2.8+1.2-4.0-4.7+1.8

-2.1+5.3-7.4-1.9-0.2

-11.0+9.9-20.9-3.7-7.3

-14.5+13.1-27.6-5.8-8.6

UpDownMarket · Nifty Microcap 250Sector · Civil Construction peers, median of 98Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

W.S. Industries reported standalone profit after tax of Rs. 1.81 Cr for FY 2025-26, recovering from a loss of Rs. 15.27 Cr in the previous year. Consolidated PAT stood at Rs. 2.21 Cr vs loss of Rs. 17.75 Cr last year. However, revenue declined sharply to Rs. 91.50 Cr from Rs. 239.04 Cr (62% decline), indicating significant business restructuring. The company raised Rs. 394.43 Cr through preferential equity issues and convertible warrants during the year. It also redeemed preference shares (Rs. 9.25 Cr) and partially redeemed non-convertible debentures (Rs. 9 Cr). The statutory auditor issued an unmodified opinion but included an Emphasis of Matter highlighting Rs. 5.55 Cr written back pending regulatory approvals and construction contract cost estimation uncertainties. Negative operating cash flow of Rs. 5.04 Cr is a concern.

Likely market impact

While the company returned to profitability and reduced losses, the massive revenue decline raises questions about business sustainability. The equity dilution through warrants and preference redemption improves the balance sheet but dilutes shareholder value. The emphasis of matter adds audit risk visibility. Shareholders should monitor cash flow generation and revenue stabilization.