WSI2024-04-012024-06-30 WSI2024-04-012024-06-30in-bse-fin:OneOperatingExpenses01Member WSI2024-04-012024-06-30in-bse-fin:OneOperatingExpenses02Member WSI2024-06-30 WSI2024-04-012024-06-30in-bse-fin:OneItemsThatWillNotBeReclassifiedToProfitAndLoss01Member iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 504220 WSI NOTLISTED W S Industries (I) Limited Equity 2024-04-01 2025-03-31 2024-08-14 2024-08-08 INR Lakhs First quarter 15:30:00 19:40:00 2024-08-14 2024-08-14 Not applicable Single segment Not applicable 2024-04-01 2024-06-30 Unaudited Standalone 717053000.00 1466000.00 718520000.00 379668000.00 0.00 0.00 18060000.00 13574000.00 3643000.00 220953000.00 635897000.00 82622000.00 0.00 82622000.00 0.00 22479000.00 22479000.00 0.00 60143000.00 0.00 0.00 0.00 0.00 60143000.00 524000.00 60667000.00 0.00 0.00 608498000.00 10 1.11 1.06 0.00 0.00 1.11 1.06 1.Above Unaudited results were reviewed by Audit Committee on 13.08.24, approved and taken on record by the Board at its meeting held on 14.08.24, in terms of Reg 33 of SEBI (LODR) Reg, 2015. 2. Company is adopting INS AS and the Unaudited financial results for the QE 30.06.24 are prepared in accordance with the recognition and measurement principles laid down in Ind AS prescribed under Sec 133 of Com Act, 2013 read with relevant Rules. 3. Company continues to prepare its Accounts and the Statement of Unaudited financial results on a ‘going concern’ basis of accounting. 4.During the quarter under review: i.Company has converted 2552000 warrants to fully paid equity shares on 21.05.24. ii. Company has converted 7969584 warrants to fully paid equity shares on 20.06.24. 5. During FY 22-23 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.555 Lakhs have been written back. 6. Land at Porur to the extent of 6.53 Acres has been transferred during previous year to 100% wholly own subsidiary M/s.WSI Falcon Infra Projects Pvt Ltd (formerly WS Insulators Pvt Ltd) as part of joint venture agreement entered for development of IT park. 7. Exceptional item for FY 23-24 includes: (i) Receipt of compensation from NHAI amounting to Rs.53.67 Lakhs with regards to Banglore land (ii) Non-refundable deposit net of GST amounting to Rs.82.00 Lakhs received on account of leasing of Banglore land to give easement right giving access through the property. Entire amount has been recognised as revenue during the previous year. (iii) Profit on Sale of the Land at Porur to the extent of 6.53 Acres transferred during the previous year to 100% wholly own subsidiary M/s.WSI Falcon Infra Projects Pvt Ltd (formerly WS Insulators Pvt Ltd) as a part of joint venture agreement entered for development of IT park, is amounting to Rs. 11518.14 Lakhs. (iv) Provision for contract losses Rs.148.00 Lakhs pertains to erstwhile Turnkey Project Business. '(v) Interest cost on Gujarat VAT Rs.42.26 Lakhs pertains to erstwhile Turnkey Project Business. 8. The company has incorporated on 30.12.23 a wholly owned subsidiary in name of WSI-P&C Verticals Pvt Ltd. 9. Company operates primarily in Infra segment and accordingly company is not required to present segment information. 10. Company had participated in an e-auction on 09.03.23 pursuant to which the Company stood as the successful bidder and purchased the land. Being an auction under SARFAESI, a Sale Certificate was issued confirming the ownership and possession on 27.03.23. Accordingly, the Company had remitted the sale consideration of Rs. 107.35 Crores which was recognised as capital advance during the FY 22-23 pending registeration of the Sale Certificate with Sub Registrar Office of Sunguvarchatram. During the previous year pursuant to the order of High Court of Madras directing the Registrar to register the land in the name of the company, said land has been Capitalised during the previous year. 11. In view of adequate and sustainable profits the company recognised Deferred Tax asset amounting to Rs.10.61 Crores during the previous year end. 12. Income tax exemption (LTCG) claimed under section 47 of IT act 1961 in regard to sale of land during the previous year to wholly owned Subsidiary, tax obligations if any will be considered in the year in which the transaction is effected by the provisions of section 47(A) i.e. when the wholly owned subsidiary ceases to be so. 13. Figures for the quarter ended 31.03.24 are the balancing figures between the audited figures in respect of full financial year and the published year to date figures upto the third quarter of the FY. 14. Figures have been regrouped/reclassified wherever necessary, to conform to this period's classifications. Contruction and other operating expenses 203033000.00 Other Expenses 17920000.00 Remeasurement of Defined Benefits 524000.00 524000.00 0.00 0.00