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-Apr-2024
Date of end of financial year 31-Mar-2025
Date of board meeting when results were approved 27-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 22-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Single segment
Description of single segment Not Applicable
Start date and time of board meeting 27-May-2025   14:45:00
End date and time of board meeting 27-May-2025   17:00:00
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 Declaration of unmodified opinion



Financial Results Ind-AS
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Part I Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1 Income
Revenue from operations 396700000 2390400000
Other income 10800000 40000000
Total income 407500000 2430400000
2 Expenses
(a) Cost of materials consumed 144400000 1129600000
(b) Purchases of stock-in-trade 0 0
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 0 0
(d) Employee benefit expense 6200000 61800000
(e) Finance costs 23000000 81500000
(f) Depreciation, depletion and amortisation expense 5500000 20200000
(f) Other Expenses
1 Contruction and other operating expenses 238200000 1008900000
2 Other Expenses 11600000 81900000
Total other expenses 249800000 1090800000
Total expenses 428900000 2383900000
3 Total profit before exceptional items and tax -21400000 46500000
4 Exceptional items 0 0
5 Total profit before tax -21400000 46500000
6 Tax expense
7 Current tax 4700000 173700000
8 Deferred tax -9600000 50300000
9 Total tax expenses -4900000 224000000
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0 0
11 Net Profit Loss for the period from continuing operations -16500000 -177500000
12 Profit (loss) from discontinued operations before tax 0 0
13 Tax expense of discontinued operations 0 0
14 Net profit (loss) from discontinued operation after tax 0 0
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 0 0
16 Total profit (loss) for period -16500000 -177500000
17 Other comprehensive income net of taxes -700000 700000
18 Total Comprehensive Income for the period -17200000 -176800000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent -15300000 -175800000
Total profit or loss, attributable to non-controlling interests -1200000 -1700000
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent -16000000 -175100000
Total comprehensive income for the period attributable to owners of parent non-controlling interests -1200000 -1700000
21 Details of equity share capital
Paid-up equity share capital 633800000 633800000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 1144000000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations -0.34 -3.08
Diluted earnings (loss) per share from continuing operations -0.34 -3.08
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 -0.34 -3.08
Diluted earnings (loss) per share from continuing and discontinued operations -0.34 -3.08
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 Audited results were reviewed by the Audit Committee on 26th May 2025, approved and taken on record by the respective Board at its meeting held on 27th May 2025, in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. n2. The Group financial results for the Quarter and year ended 31st March 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. n3. The group continues to prepare its Accounts and the Statement of Unaudited financial results on a ‘going concern’ basis of accounting. n4. During the year ended under review: ni. The Holding Company has converted 2552000 warrants to fully paid equity shares on 21st May 2024. nii. The Holding Company has converted 7969584 warrants to fully paid equity shares on 20th June 2024. niii. The Holding Company has issued 2533798 Equity Shares on 5th September 2024. niv. The Holding Company has issued 2434786 warrants on 5th September 2024. n5. 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. n6. During the previous financial year the 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 quarter 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 Company has recognized a capital gain tax liability amounting to Rs 16.90 Crores in the previous quartertttttttt n7. 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. n8. 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. n9. The Group is not required to provide Segment Reporting under the criteria specified in IND AS 108. n10. During the previous quarter 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% n11. 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
Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-Apr-2024
Date of end of reporting period 31-Mar-2025
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 66100000
Capital work-in-progress 28800000
Investment property 1476500000
Goodwill 0
Other intangible assets 0
Intangible assets under development 0
Biological assets other than bearer plants 0
Investments accounted for using equity method 0
Non-current financial assets
Non-current investments 0
Trade receivables, non-current 0
Loans, non-current 0
Other non-current financial assets 196300000
Total non-current financial assets 196300000
Deferred tax assets (net) 55800000
Other non-current assets 245700000
Total non-current assets 2069200000
2 Current assets
Inventories 108400000
Current financial asset
Current investments 0
Trade receivables, current 738300000
Cash and cash equivalents 249300000
Bank balance other than cash and cash equivalents 83400000
Loans, current 0
Other current financial assets 210200000
Total current financial assets 1281200000
Current tax assets (net) 0
Other current assets 628700000
Total current assets 2018300000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 4087500000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 633800000
Other equity 1350800000
Total equity attributable to owners of parent 1984600000
Non controlling interest -800000
Total equity 1983800000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 589100000
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0
Total Trade payable 0
Other non-current financial liabilities 22900000
Total non-current financial liabilities 612000000
Provisions, non-current 2500000
Deferred tax liabilities (net) 0
Deferred government grants, Non-current 0
Other non-current liabilities 170200000
Total non-current liabilities 784700000
Current liabilities
Current financial liabilities
Borrowings, current 254700000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 37600000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 219000000
Total Trade payable 256600000
Other current financial liabilities 652400000
Total current financial liabilities 1163700000
Other current liabilities 154300000
Provisions, current 1000000
Current tax liabilities (Net) 0
Deferred government grants, Current 0
Total current liabilities 1319000000
3 Liabilities directly associated with assets in disposal group classified as held for sale 0
4 Regulatory deferral account credit balances and related deferred tax liability 0
Total liabilities 2103700000
Total equity and liabilites 4087500000
Disclosure of notes on assets and liabilities



Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
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-Jan-2025 01-Apr-2024
Date of end of reporting period 31-Mar-2025 31-Mar-2025
Whether accounts are audited or unaudited Audited Audited
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
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-Jan-2025 01-Apr-2024
B Date of end of reporting period 31-Mar-2025 31-Mar-2025
C Whether results are audited or unaudited Audited Audited
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 -700000 700000
Total Amount of items that will not be reclassified to profit and loss -700000 700000
2 Income tax relating to items that will not be reclassified to profit or loss 0 0
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 0
5 Total Other comprehensive income -700000 700000



Cash flow statement, indirect
Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-Apr-2024
B Date of end of reporting period 31-Mar-2025
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 46500000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 81500000
Adjustments for decrease (increase) in inventories 79300000
Adjustments for decrease (increase) in trade receivables, current 108700000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets -820000000
Adjustments for decrease (increase) in other non-current assets 0
Adjustments for other financial assets, non-current 0
Adjustments for other financial assets, current 0
Adjustments for other bank balances 0
Adjustments for increase (decrease) in trade payables, current -198200000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 42300000
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 20200000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -500000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 26100000
Adjustments for other financial liabilities, non-current 0
Adjustments for unrealised foreign exchange losses gains 0
Adjustments for dividend income 0
Adjustments for interest income 17900000
Adjustments for share-based payments 0
Adjustments for fair value losses (gains) 0
Adjustments for undistributed profits of associates 0
Other adjustments for which cash effects are investing or financing cash flow 0
Other adjustments to reconcile profit (loss) -20200000
Other adjustments for non-cash items 0
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -698700000
Net cash flows from (used in) operations -652200000
Dividends received 0
Interest paid 0
Interest received 0
Income taxes paid (refund) 173700000
Other inflows (outflows) of cash 0
Net cash flows from (used in) operating activities -825900000
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0
Cash flows used in obtaining control of subsidiaries or other businesses 0
Other cash receipts from sales of equity or debt instruments of other entities 0
Other cash payments to acquire equity or debt instruments of other entities 0
Other cash receipts from sales of interests in joint ventures 0
Other cash payments to acquire interests in joint ventures 0
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0
Proceeds from sales of property, plant and equipment 0
Purchase of property, plant and equipment 81500000
Proceeds from sales of investment property 0
Purchase of investment property 0
Proceeds from sales of intangible assets 0
Purchase of intangible assets 0
Proceeds from sales of intangible assets under development 0
Purchase of intangible assets under development 0
Proceeds from sales of goodwill 0
Purchase of goodwill 0
Proceeds from biological assets other than bearer plants 0
Purchase of biological assets other than bearer plants 0
Proceeds from government grants 0
Proceeds from sales of other long-term assets 0
Purchase of other long-term assets 0
Cash advances and loans made to other parties 0
Cash receipts from repayment of advances and loans made to other parties 0
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0
Dividends received 0
Interest received 12600000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -66200000
Net cash flows from (used in) investing activities -135100000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 1000000
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 785500000
Proceeds from issuing other equity instruments 0
Payments to acquire or redeem entity's shares 0
Payments of other equity instruments 0
Proceeds from exercise of stock options 0
Proceeds from issuing debentures notes bonds etc 0
Proceeds from borrowings 100000000
Repayments of borrowings -29900000
Payments of lease liabilities 1500000
Dividends paid 0
Interest paid 73200000
Income taxes paid (refund) 0
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities 841700000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -119300000
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 0
Net increase (decrease) in cash and cash equivalents -119300000
Cash and cash equivalents cash flow statement at beginning of period 368600000
Cash and cash equivalents cash flow statement at end of period 249300000





Details of Impact of Audit Qualification
Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Brahmayya & Co Yes 30-Apr-2027