Integrated Filing — IndAS



General information about company
Scrip Code 000000
NSE Symbol WIPL
MSEI Symbol NOTLISTED
ISIN INE215F01023
Name of company THE WESTERN INDIA PLYWOODS 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 26-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 08-May-2025
Description of presentation currency INR (in Actuals)
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Standalone
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 WOOD AND WOOD BASE
Start date and time of board meeting 26-May-2025   12:00:00
End date and time of board meeting 26-May-2025   14:00:00
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
Whether the company has any related party? Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure? Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure. NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)? No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company? No
Latest Date on which RPT policy is updated
Indicate Company website link for updated RPT policy of the Company
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? No
NO DEBT SECURITIES IS ISSUED



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 Standalone Standalone
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 286000000 1146000000
Other income 800000 6400000
Total income 286800000 1152400000
2 Expenses
(a) Cost of materials consumed 116400000 444100000
(b) Purchases of stock-in-trade 1700000 11300000
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade -16600000 -32800000
(d) Employee benefit expense 43900000 170400000
(e) Finance costs 3700000 10600000
(f) Depreciation, depletion and amortisation expense 4100000 16200000
(f) Other Expenses
1 Other Expenses 120200000 486300000
Total other expenses 120200000 486300000
Total expenses 273400000 1106100000
3 Total profit before exceptional items and tax 13400000 46300000
4 Exceptional items 0 0
5 Total profit before tax 13400000 46300000
6 Tax expense
7 Current tax 3100000 11700000
8 Deferred tax 700000 1700000
9 Total tax expenses 3800000 13400000
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 9600000 32900000
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 9600000 32900000
17 Other comprehensive income net of taxes 2700000 2300000
18 Total Comprehensive Income for the period 12300000 35200000
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent
Total profit or loss, attributable to non-controlling interests
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent
Total comprehensive income for the period attributable to owners of parent non-controlling interests
21 Details of equity share capital
Paid-up equity share capital 84900000 84900000
Face value of equity share capital 10 10
27 Details of debt securities
22 Reserves excluding revaluation reserve 452200000
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 1.13 3.88
Diluted earnings (loss) per share from continuing operations 1.13 3.88
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 1.13 3.88
Diluted earnings (loss) per share from continuing and discontinued operations 1.13 3.88
24 Debt equity ratio 0 0
25 Debt service coverage ratio 0 0
26 Interest service coverage ratio 0 0
27 Disclosure of notes on financial results



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 Standalone
Assets
1 Non-current assets
Property, plant and equipment 182400000
Capital work-in-progress 400000
Investment property 0
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 106900000
Trade receivables, non-current 0
Loans, non-current 7500000
Other non-current financial assets 10800000
Total non-current financial assets 125200000
Deferred tax assets (net) 0
Other non-current assets 400000
Total non-current assets 308400000
2 Current assets
Inventories 162100000
Current financial asset
Current investments 18000000
Trade receivables, current 234300000
Cash and cash equivalents 76700000
Bank balance other than cash and cash equivalents 9500000
Loans, current 3000000
Other current financial assets 23300000
Total current financial assets 364800000
Current tax assets (net) 0
Other current assets 4800000
Total current assets 531700000
3 Non-current assets classified as held for sale 0
4 Regulatory deferral account debit balances and related deferred tax Assets 0
Total assets 840100000
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 84900000
Other equity 452200000
Total equity attributable to owners of parent 537100000
Non controlling interest
Total equity 537100000
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 62300000
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 0
Total non-current financial liabilities 62300000
Provisions, non-current 4700000
Deferred tax liabilities (net) 14000000
Deferred government grants, Non-current 0
Other non-current liabilities 0
Total non-current liabilities 81000000
Current liabilities
Current financial liabilities
Borrowings, current 87500000
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 7300000
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 50700000
Total Trade payable 58000000
Other current financial liabilities 55900000
Total current financial liabilities 201400000
Other current liabilities 13300000
Provisions, current 1300000
Current tax liabilities (Net) 6000000
Deferred government grants, Current 0
Total current liabilities 222000000
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 303000000
Total equity and liabilites 840100000
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 Standalone Standalone
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 Standalone Standalone
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement of post employment benefit obligations (Net of Tax) 2400000 400000
2 Changes in fair value of FVOCI equity instruments 300000 1900000
Total Amount of items that will not be reclassified to profit and loss 2700000 2300000
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 2700000 2300000



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 Standalone
Part I Blue color marked fields are non-mandatory.
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 46300000
Adjustments for reconcile profit (loss)
Adjustments for finance costs 10600000
Adjustments for decrease (increase) in inventories -32100000
Adjustments for decrease (increase) in trade receivables, current -40900000
Adjustments for decrease (increase) in trade receivables, non-current 0
Adjustments for decrease (increase) in other current assets 0
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 26700000
Adjustments for increase (decrease) in trade payables, non-current 0
Adjustments for increase (decrease) in other current liabilities 0
Adjustments for increase (decrease) in other non-current liabilities 0
Adjustments for depreciation and amortisation expense 16200000
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0
Adjustments for provisions, current -600000
Adjustments for provisions, non-current 0
Adjustments for other financial liabilities, current 0
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 0
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) 0
Other adjustments for non-cash items 4600000
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0
Total adjustments for reconcile profit (loss) -15500000
Net cash flows from (used in) operations 30800000
Dividends received -100000
Interest paid 0
Interest received -2300000
Income taxes paid (refund) 4800000
Other inflows (outflows) of cash -200000
Net cash flows from (used in) operating activities 23400000
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 12500000
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 100000
Interest received 1200000
Income taxes paid (refund) 0
Other inflows (outflows) of cash -2500000
Net cash flows from (used in) investing activities -13700000
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0
Payments from changes in ownership interests in subsidiaries 0
Proceeds from issuing shares 0
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 14800000
Repayments of borrowings 21600000
Payments of lease liabilities 0
Dividends paid 0
Interest paid 7800000
Income taxes paid (refund) 10600000
Other inflows (outflows) of cash 0
Net cash flows from (used in) financing activities -25200000
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes -15500000
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 -15500000
Cash and cash equivalents cash flow statement at beginning of period 92200000
Cash and cash equivalents cash flow statement at end of period 76700000





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 Sankar and Moorthy Yes 31-Aug-2026


Format for Disclosure of Related Party Transactions (applicable only for half-yearly filings i.e., 2nd and 4th quarter)
Sr No. Additional disclosure of related party transactions - applicable only in case the related party transaction relates to loans, inter-corporate deposits, advances or investments made or given by the listed entity/subsidiary. These details need to be disclosed only once, during the reporting period when such transaction was undertaken.
Details of the party (listed entity/subsidiary) entering into the transaction Details of the counterparty Type of related party transaction Details of other related party transaction Value of the related party transaction as approved by the audit committee Remarks on approval by audit committee Value of the related party transaction ratified by the audit committee Date of Audit Committee Meeting where the ratification was approved Value of transaction during the reporting period In case monies are due to either party as a result of the transaction In case any financial indebtedness is incurred to make or give loans, inter-corporate deposits, advances or investments Details of the loans, inter-corporate deposits, advances or investments Notes
Name PAN Name PAN Relationship of the counterparty with the listed entity or its subsidiary Opening balance Closing balance Nature of indebtedness (loan/ issuance of debt/ any other etc.) Details of other indebtedness Cost Tenure Nature (loan/ advance/ intercorporate deposit/ investment ) Interest Rate (%) Tenure Secured/ unsecured Purpose for which the funds will be utilised by the ultimate recipient of funds (endusage)
1 THE WESTERN INDIA PLYWOODS LIMITED THE KOHINOOR SAW MILLS COMPANY LIMITED SUBSIDIARY Any other transaction Lease rent paid 3000000 APPROVED 515000 2529000 2014000
2 THE WESTERN INDIA PLYWOODS LIMITED SOUTHERN VENEERS AND WOOD WORKS LIMITED SUBSIDIARY Any other transaction Lease rent paid 35000000 APPROVED 334000 34746000 34412000
3 THE WESTERN INDIA PLYWOODS LIMITED MAYABANDAR DOORS LIMITED SUBSIDIARY Purchase of goods or services 45000000 APPROVED 9732000 36332000 26600000
4 THE WESTERN INDIA PLYWOODS LIMITED ERA & WIP TIMBER JV SDN BHD SUBSIDIARY Purchase of goods or services 65000000 APPROVED 17560000 50429000 32869000
5 THE WESTERN INDIA PLYWOODS LIMITED CLASSIC SPORTS ACCESSORIES PRIVATE LIMITED Enterprises over which key management personnel Sale of goods or services 4000000 APPROVED 309000 3681000 3372000
6 THE WESTERN INDIA PLYWOODS LIMITED WINDMACH SPORTS ACCESSORIES PRIVATE LIMITED Enterprises over which key management personnel Sale of goods or services 2000000 APPROVED 99000 1895000 1796000
7 THE WESTERN INDIA PLYWOODS LIMITED P K MAYAN MOHAMED Key Managerial Personnel Any other transaction Service 7500000 APPROVED 2476000 5024000 2548000
8 THE WESTERN INDIA PLYWOODS LIMITED P K MEHABOOB MOHAMED Relative of Key Managerial Perosnnel Any other transaction Service 2000000 APPROVED 448000 1552000 1104000
9 THE WESTERN INDIA PLYWOODS LIMITED MOHAMED SALMAN MAYAN PK Relative of Key Managerial Perosnnel Any other transaction Service 2000000 APPROVED 350000 1650000 1300000
10 THE WESTERN INDIA PLYWOODS LIMITED RAYAROTH BALAKRISHNAN Key Managerial Personnel Any other transaction Service 1000000 APPROVED 450000 550000 100000
Total value of transaction during the reporting period 32273000