Integrated Filing — IndAS



General information about company

Scrip Code 504220
NSE Symbol WSI
MSEI Symbol NOTLISTED
ISIN INE100D01014
Name of company W S Industries (I) Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 14-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 10-11-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Not Applicable
Start date and time of board meeting 14-11-2025   16:15:00
End date and time of board meeting 14-11-2025   17:15:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 2,405.00 5,010.00
Other income 64.00 140.00
Total income 2,469.00 5,150.00
2 Expenses
(a) Cost of materials consumed 795.00 1,676.00
(b) Purchases of stock-in-trade 0.00 0.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0.00 0.00
(d) Employee benefit expense 111.00 251.00
(e) Finance costs 226.00 442.00
(f) Depreciation, depletion and amortisation expense 44.00 88.00
(f) Other Expenses
1 Contruction and other operating expenses 1,129.00 2,288.00
2 Other Expenses 128.00 223.00
Total other expenses 1,257.00 2,511.00
Total expenses 2,433.00 4,968.00
3 Total profit before exceptional items and tax 36.00 182.00
4 Exceptional items 0.00 32.00
5 Total profit before tax 36.00 214.00
6 Tax expense
7 Current tax 2.00 8.00
8 Deferred tax 5.00 41.00
9 Total tax expenses 7.00 49.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 29.00 165.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0.00 0.00
16 Total profit (loss) for period 29.00 165.00
17 Other comprehensive income net of taxes 5.00 6.00
18 Total Comprehensive Income for the period 34.00 171.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 41.00 185.00
Total profit or loss, attributable to non-controlling interests (12.00) (20.00)
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 46.00 191.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests (12.00) (20.00)
21 Details of equity share capital
Paid-up equity share capital 6,392.00 6,392.00
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 0.01 0.21
Diluted earnings (loss) per share from continuing operations 0.01 0.2
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 0.01 0.21
Diluted earnings (loss) per share from continuing and discontinued operations 0.01 0.2
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1.The above unaudited results were reviewed by the Audit Committee on 14th November 2025, approved and taken on record by the respective Board at its meeting held on 14th November 2025, in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. 2.The Group financial results for the Quarter and Half Year Ended 30th September 2025 are prepared in accordance with the recognition and measurement principles laid down in Ind AS prescribed under Section 133 of the companies Act, 2013 read with relevant Rules issued thereunder. 3.During the quarter and half year ended under review, the Holding Company has converted 535120 warrants into fully paid-up equity shares on 17th July 2025. 4.During the FY 2023-24 the Holding Company had claimed a long-term capital gain exemption under Section 47 of the Income Tax Act 1961 in respect of the transfer of its land to one of its wholly owned subsidiaries. However during the previous financial year with the induction of a new investor into the subsidiary the said relationship as a wholly owned subsidiary ceased to exist. Consequently, the previously exempted capital gain became taxable. As a result, the Holding Company has recognized a capital gain tax liability amounting to Rs 16.90 Crores in the previous financial year. 5.During the financial year 2022-23 long outstanding overseas creditors and debtors with credit balances pertaining to the discontinued Electro-porcelain products division and continuing business of turnkey projects from erstwhile operations amounting to Rs. 5.55 Crores have been written back. 6.The Consolidated financial statements relate to W.S. Industries (India) Limited (the Parent Company), and its Subsidiary Companies. The Parent Company with its subsidiaries constitute the Group. 7.During the previous quarter, an amount of Rs. 0.32 crores previously written off as bad debts pertaining to the Turnkey Business Project Unit was recovered by the Holding Company. 8.The Subsidiary Companies considered in the consolidated financial statements are M/s. WSI-P&C Verticals Private Limited and M/s. WSI Falcon Infra Projects Private Limited (formerly WS Insulators Private Limited), whose country of incorporation are in India and the percentage of voting power by W.S. Industries (India) limited are 100% and 51% respectively. 9.The Group is not required to provide Segment Reporting under the criteria specified in IND AS 108. 10.During the previous financial year on account of Investment from Prestige Exora Business Park Limited on 30th December 2024 in M/s. WSI Falcon Infra Projects Private Limited, percentage of holding of WS Industries (India) Limited in subsidiary is reduced to 51% from 100% 11.Figures have been regrouped/reclassified wherever necessary, to conform to this period's classifications.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 602.00
Capital work-in-progress 53.00
Investment property 18,751.00
Goodwill 0.00
Other intangible assets 0.00
Intangible assets under development 0.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 0.00
Non-current financial assets
Non-current investments 0.00
Trade receivables, non-current 0.00
Loans, non-current 0.00
Other non-current financial assets 1,717.00
Total non-current financial assets 1,717.00
Deferred tax assets (net) 518.00
Other non-current assets 4,835.00
Total non-current assets 26,476.00
2 Current assets
Inventories 644.00
Current financial asset
Current investments 0.00
Trade receivables, current 3,785.00
Cash and cash equivalents 247.00
Bank balance other than cash and cash equivalents 664.00
Loans, current 0.00
Other current financial assets 3,063.00
Total current financial assets 7,759.00
Current tax assets (net) 0.00
Other current assets 5,819.00
Total current assets 14,222.00
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 40,698.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 6,392.00
Other equity 14,245.00
Total equity attributable to owners of parent 20,637.00
Non controlling interest (28.00)
Total equity 20,609.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 5,891.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 246.00
Total non-current financial liabilities 6,137.00
Provisions, non-current 20.00
Deferred tax liabilities (net) 0.00
Deferred government grants, Non-current 0.00
Other non-current liabilities 1,595.00
Total non-current liabilities 7,752.00
Current liabilities
Current financial liabilities
Borrowings, current 2,837.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 284.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 1,652.00
Total Trade payable 1,936.00
Other current financial liabilities 6,217.00
Total current financial liabilities 10,990.00
Other current liabilities 1,331.00
Provisions, current 16.00
Current tax liabilities (Net)
Deferred government grants, Current
Total current liabilities 12,337.00
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 20,089.00
Total equity and liabilites 40,698.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of Defined Benefits 500000 600000
Total Amount of items that will not be reclassified to profit and loss 5.00 6.00
2 Income tax relating to items that will not be reclassified to profit or loss 0.00 0.00
3 Amount of items that will be reclassified to profit and loss
Total Amount of items that will be reclassified to profit and loss
4 Income tax relating to items that will be reclassified to profit or loss 0.00 0.00
5 Total Other comprehensive income 5.00 6.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 214.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 442.00
Adjustments for decrease (increase) in inventories 440.00
Adjustments for decrease (increase) in trade receivables, current 3,631.00
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (2,409.00)
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 0.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (629.00)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities (212.00)
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 88.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 1.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current (217.00)
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains 0.00
Adjustments for dividend income 0.00
Adjustments for interest income 32.00
Adjustments for share-based payments 0.00
Adjustments for fair value losses (gains) 0.00
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) (134.00)
Other adjustments for non-cash items 0.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 969.00
Net cash flows from (used in) operations 1,183.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 8.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 1,175.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 0.00
Purchase of property, plant and equipment 4,018.00
Proceeds from sales of investment property 2.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 0.00
Interest received 50.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 171.00
Net cash flows from (used in) investing activities (3,795.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 600.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 0.00
Repayments of borrowings (289.00)
Payments of lease liabilities 8.00
Dividends paid 0.00
Interest paid 507.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) financing activities 374.00
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (2,246.00)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0.00
Net increase (decrease) in cash and cash equivalents (2,246.00)
Cash and cash equivalents cash flow statement at beginning of period 2,493.00
Cash and cash equivalents cash flow statement at end of period 247.00