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 Consolidated 717053000.00 6788000.00 723842000.00 379668000.00 0.00 0.00 18060000.00 16611000.00 3643000.00 246373000.00 664355000.00 59487000.00 0.00 59487000.00 0.00 22479000.00 22479000.00 0.00 37008000.00 0.00 0.00 0.00 0.00 37008000.00 524000.00 37532000.00 0.00 0.00 0.00 0.00 608498000.00 10 0.67 0.64 0.00 0.00 0.67 0.64 1. Above Unaudited results were reviewed by Audit Committee on 13.08.24, approved and taken on record by respective Board at its meeting held on 14.08.24, in terms of Reg, 33 of SEBI (LODR) Reg, 2015. 2.The Group financial results for the QE 30.06.24 are prepared in accordance with recognition and measurement principles laid down in Ind AS prescribed under Sec, 133 of Com, Act, 2013 read with relevant Rules. 3. Group continues to prepare its Accounts and Statement of Unaudited financial results on a ‘going concern’ basis of accounting. 4.During quarter under review Holding company (“HC”) has converted 2552000 and 7969584 warrants to fully paid equity shares on 21.05.24. and 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. 'Exceptional item for the FY 23-24 of HC 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 PY. (iii) Provision for contract losses Rs.148.00 Lakhs pertains to erstwhile Turnkey Project Business. (iv) Interest cost on Gujarat VAT Rs.42.26 Lakhs pertains to erstwhile Turnkey Project Business. 7. HC had participated in an e-auction on 09.03.23 pursuant to which Company stood as 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, 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 PY. 8. Income tax exemption (LTCG) claimed U/S 47 of IT act 1961 in regard to sale of land during the PY 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. 9. HC has incorporated on 30.12.23 a wholly owned subsidiary in name of WSI-P&C Verticals Pvt Ltd. 10. In view of adequate and sustainable profits, HC recognised Deferred Tax asset amounting to Rs.10.61 Crores during the PY end. 11. Consolidated financial statements relate to W.S. Industries (India) Ltd (Parent Company), and its Subsidiary Companies. Parent Company with its subsidiaries constitute the Group. 12.Subsidiary Companies considered in the consolidated financial statements are WSI-P&C Verticals Pvt Ltd and WSI Falcon Infra Projects Pvt Ltd, whose country of incorporation are in India and percentage of voting power by W.S. Industries (India) Ltd are 100% and 100% respectively. 13. Group is not required to provide Segment Reporting under criteria specified in IND AS 108. 14. Figures for QE 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 financial year. 15.Figures have been regrouped/reclassified wherever necessary, to conform to this period's classifications. Contruction and other operating expenses 203033000.00 Other Expenses 43340000.00 Remeasurement of Defined Benefits 524000.00 524000.00 0.00 0.00