Summary of Key Information:
Reporting Period (Quarter/Year): Quarter ended 30th June 2026 (Q1 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting and Financial Results
Audit Opinion:
The Limited Review Report issued by the Statutory Auditors, P Chandrasekar LLP, contains no modifications to their conclusion. However, they draw attention to two matters:
- Note No.5 regarding write-back of amounts payable to overseas customers/suppliers aggregating to ₹5.55 Crores relating to the discontinued Electro-porcelain products division from FY 2022-23
- Management estimates in construction contract cost budgets whose impact is ascertainable only upon project completion
The auditors state that their conclusion on the financial statements is not modified in respect of these matters.
Key Financial Highlights [Unit: ₹ Crores]:
Standalone Results:
Revenue from Operations: ₹6.07 crore (compared to ₹26.05 crore in Q1 FY26 - YoY decrease)
Other Income: ₹0.43 crore (includes gain of ₹4.37 crore from land sale)
Total Income: ₹6.50 crore (compared to ₹26.28 crore in Q1 FY26)
Net Profit: ₹1.76 crore (compared to ₹1.23 crore in Q1 FY26 - YoY increase)
EPS (Basic): ₹0.22 (not annualized, compared to ₹0.15 in Q1 FY26)
EPS (Diluted): ₹0.20 (not annualized, compared to ₹0.15 in Q1 FY26)
Paid-up equity share capital: ₹75.90 crore (Face value ₹10 per share)
Reserves excluding Revaluation reserve: ₹433.48 crore
Consolidated Results:
Revenue from Operations: Not separately specified in consolidated table
Total Income: ₹7.03 crore
Net Profit: ₹1.79 crore
Profit attributable to equity shareholders: ₹1.92 crore
EPS (Basic): ₹0.24 (not annualized)
EPS (Diluted): ₹0.22 (not annualized)
Paid-up equity share capital: ₹75.90 crore
Reserves excluding Revaluation reserve: ₹295.41 crore
Segment-wise Performance:
The company operates primarily in the Infra segment and accordingly is not required to present segment information.
Corporate Actions:
The Board approved the following appointments:
- Ms. Rajendran Stella Isabella (DIN: 06871120) as Additional Director (Non-Executive Independent) for a first term of two consecutive years with effect from 10th August 2026
- Mr. Joyjeet Bose (DIN: 10783441) as Additional Director (Non-Executive Independent) for a first term of two consecutive years with effect from 10th August 2026
Both appointments are subject to approval of shareholders at the ensuing Annual General Meeting.
Other Significant Information:
- The 63rd Annual General Meeting is scheduled for Tuesday, 22nd September 2026 at 2.30 P.M., to be conducted through Video Conferencing/Other Audio-Visual Means
- During the quarter, the company completed the sale of land at Shettigere village, Bangalore for ₹6.04 crore, resulting in a gain of ₹4.37 crore recognized under Other Income
- Exceptional items for the quarter comprise a write-back of creditors no longer payable amounting to ₹0.16 crore
- The company continues to prepare accounts on a 'going concern' basis
- Details of fund utilization from preferential issues (I & II) of Equity and Convertible share warrants raised during FY 2025-26 are provided, showing total proposed raise of ₹394.43 crore with ₹102.68 crore utilized and ₹85.50 crore unutilized as of 30th June 2026
Entities in Consolidation:
The consolidated financial statements include:
- W.S. Industries (India) Limited (Holding Company)
- WSI Falcon Infra Projects Private Limited (Subsidiary, 51% ownership)
- WSI-P&C Verticals Private Limited (Wholly Owned Subsidiary, 100% ownership)