WSI2024-01-012024-03-31 WSI2024-01-012024-03-31 WSI2024-01-012024-03-31in-bse-fin:OneOperatingExpenses01Member WSI2024-01-012024-03-31in-bse-fin:OneOperatingExpenses02Member WSI2024-01-012024-03-31in-bse-fin:FourOperatingExpenses01Member WSI2024-01-012024-03-31in-bse-fin:FourOperatingExpenses02Member WSI2024-03-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 504220 WSI NOTLISTED W S Industries (I) Limited Equity 2023-04-01 2024-03-31 2024-05-21 2024-05-15 INR Lakhs Yearly 10:45:00 12:55:00 2024-05-21 2024-05-21 true Cash Flow Indirect Declaration of unmodified opinion Single segment Not Applicable 2024-01-01 2024-03-31 Audited Standalone 891231000.00 18825000.00 910056000.00 429910000.00 0.00 0.00 12496000.00 15921000.00 2563000.00 357753000.00 818643000.00 91413000.00 1132787000.00 1224200000.00 0.00 -106115000.00 -106115000.00 0.00 1330316000.00 0.00 0.00 0.00 0.00 1330316000.00 -630000.00 1329686000.00 0.00 0.00 503283000.00 10 28.83 26.62 0.00 0.00 28.83 26.62 1.Above audited results were reviewed by Audit Committee on 20.05.24, approved & taken on record by Board at its meeting held on 21.05.24, in terms of Reg 33 of SEBI LODR Reg, 2015. 2. Company is adopting IND AS and audited financial results for Qtr and YE 31.03.24 are prepared in accordance with recognition and measurement principles laid in Ind AS prescribed u/s 133 of Comp Act, 2013 read with relevant Rules issued reunder. 3. company continues to prepare its Accounts and Statement of audited financial results on a ‘going concern’ basis of accounting. 4.Land at Porur to extent of 6.53 Acres has been transferred during current year to 100% wholly own subsidiary M/s.WSI Falcon Infra Projects Pvt Ltd as a part of JV agreement entered for development of IT park. 5.During year: i.Company has converted 3099318 warrants to fully paid equity shares on 31.5.23. ii.Company has converted 350000 warrants to fully paid equity shares on 5.7.23. iii.Company has converted 280000 warrants to fully paid equity shares on 9.8.23. iv.Company has converted 1420000 warrants to fully paid equity shares on 28.9.23. v.Company has converted 60000 warrants to fully paid equity shares on 10.11.23. vi.Company has converted 2484166 warrants to fully paid equity shares on 20.02.24. vii.Company has converted 832496 warrants to fully paid equity shares on 29.03.24. 6.Exceptional item for previous year includes impact of write back of liability to tune of Rs. 847.53 L pertaining to discontinued Electro-porcelain products division’s and continuing business of turnkey projects from erstwhile operation’s long outstanding creditors and debtors with credit balances. Current year exceptional item includes:(i)Receipt of compensation from NHAI amounting to Rs.53.67 L with regards to Banglore land.(ii)Non-refundable deposit net of GST amounting to Rs.82.00 L received on account of leasing of Banglore land to give easement right giving access through property. Entire amount has been recognised as revenue during year.(iii)Profit on Sale of Land at Porur to extent of 6.53 Acres transferred during current year to 100% wholly own subsidiary M/s.WSI Falcon Infra Projects Pvt Ltd as a part of JV agreement entered for development of IT park, is amounting to Rs. 11518.14 L.(iv)Provision for contract losses Rs.148.00 L pertains to erstwhile Turnkey Project Business.(v)Interest cost on Gujarat VAT Rs.42.26 L pertains to erstwhile Turnkey Project Business. 7. company operates primarily in Infra segment and accordingly company is not required to present segment information. 8. Company had participated in an e-auction on 09.03.23 pursuant to which Company stood as successful bidder and purchased land. Being an auction under SARFAESI, a Sale Certificate was issued confirming ownership and possession on 27.03.2023. Accordingly, Company had remitted sale consideration of Rs. 107.35 Cr which was recognised as capital advance during previous year pending registration of Sale Certificate with Sub Registrar Office of Sunguvarchatram. During current year pursuant to order of High Court of Madras directing Registrar to register land in name of company, said land has been Capitalised. 9. company has incorporated on 30.12.23 a wholly owned subsidiary in name of WSI-P&C Verticals Pvt Ltd. 10.Income tax exemption (Long term capital Gains) claimed under section 47 of Income tax act 1961 in regard to sale of land to wholly owned Subsidiary, tax obligations if any will be considered in year in which transaction is effected by provisions of section 47(A) i.e. when wholly owned subsidiary ceases to be so. 11.During qtr company recognised Deferred Tax asset amounting to Rs.10.61 Cr in view of adequate and sustainable profits. 12. figures for QE 31.03.24 are balancing figures between audited figures in respect of full FY and published year to date figures upto 3rd qtr of FY. 13. Figures have been regrouped/reclassified wherever necessary, to conform to this period's classifications. Single segment 2023-04-01 2024-03-31 Audited Standalone 3263805000.00 23205000.00 3287010000.00 1656795000.00 0.00 0.00 74595000.00 59369000.00 7258000.00 1108005000.00 2906022000.00 380988000.00 1146355000.00 1527343000.00 0.00 -106115000.00 -106115000.00 0.00 1633458000.00 0.00 0.00 0.00 0.00 1633458000.00 -518000.00 1632941000.00 0.00 0.00 503283000.00 10 0.00 35.38 32.71 0.00 0.00 35.38 32.71 Contruction and other operating expenses 353946000.00 Other Expenses 3807000.00 Contruction and other operating expenses 1051263000.00 Other Expenses 56742000.00 56683000.00 0.00 1091251000.00 0.00 0.00 0.00 0.00 0.00 1217000000.00 0.00 0.00 135889000.00 1352889000.00 106115000.00 7266000.00 2614204000.00 187735000.00 0.00 846925000.00 363538000.00 17193000.00 0.00 168515000.00 1396171000.00 56351000.00 87264000.00 1727520000.00 4341724000.00 503283000.00 2035549000.00 2538832000.00 2538832000.00 371897000.00 0.00 24325000.00 396222000.00 3145000.00 0.00 0.00 0.00 399367000.00 234004000.00 454783000.00 622046000.00 1310833000.00 91874000.00 818000.00 0.00 0.00 1403525000.00 1802892000.00 4341724000.00 63596000.00 -152413000.00 -1884000.00 0.00 785667000.00 0.00 0.00 0.00 0.00 185476000.00 0.00 -179299000.00 0.00 7258000.00 0.00 661000.00 1976000.00 63651000.00 0.00 0.00 0.00 3271000.00 0.00 0.00 0.00 0.00 -1165852000.00 0.00 0.00 -394434000.00 1132909000.00 0.00 0.00 0.00 0.00 0.00 1132909000.00 0.00 0.00 0.00 66000000.00 0.00 0.00 0.00 0.00 250040000.00 1146727000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1126000.00 0.00 -1006000.00 0.00 -962567000.00 0.00 0.00 255779000.00 0.00 0.00 0.00 0.00 0.00 0.00 36599000.00 0.00 -28863000.00 0.00 66136000.00 0.00 0.00 181907000.00 352249000.00 0.00 352249000.00 11289000.00 363538000.00 -630000.00 -518000.00 0.00 0.00 0.00 0.00