W S Industries (I) Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2025.
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W.S. Industries (India) Limited submitted its unaudited Q1 FY26 results (quarter ended June 30, 2025) along with the limited review report from Brahmayya & Co., Chartered Accountants. Standalone revenue from operations fell sharply to Rs 26.05 Crore from Rs 71.70 Crore in Q1 FY25 (a drop of nearly 64%), while profit after tax declined to Rs 1.23 Crore from Rs 6.01 Crore; the company reported a small exceptional credit of Rs 0.32 Crore from recovery of previously written-off bad debts. Consolidated revenue was also Rs 26.05 Crore with PAT of Rs 1.44 Crore. Statutory auditors Brahmayya & Co. resigned with effect from August 7, 2025, citing other professional commitments and the company's increased level of operations, even though their term was to run until the 2027 AGM. The board also approved rollover of 12.75 lakh non-convertible preference shares held by Vensunar and Trala Electromech to new maturity dates in 2026-2027, and appointed Mr. P. Raju Iyer as cost auditor for FY26.
Sharp top-line and bottom-line contraction in Q1 FY26 versus the year-ago quarter is a negative signal, though small profit was maintained. The mid-term exit of the statutory auditor (Brahmayya & Co.) despite their stated reason being workload is something shareholders should watch, as is the continued preference share rollovers indicating reliance on promoter/related-party funding. Near-term stock sentiment is likely to be cautious.