WSI2024-07-012024-09-30 WSI2024-07-012024-09-30 WSI2024-07-012024-09-30in-bse-fin:OneOperatingExpenses01Member WSI2024-07-012024-09-30in-bse-fin:OneOperatingExpenses02Member WSI2024-07-012024-09-30in-bse-fin:FourOperatingExpenses01Member WSI2024-07-012024-09-30in-bse-fin:FourOperatingExpenses02Member WSI2024-09-30 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 504220 WSI NOTLISTED W S Industries (I) Limited Equity 2024-04-01 2025-03-31 2024-11-13 2024-11-08 INR Lakhs Half yearly 10:30:00 12:45:00 2024-11-13 2024-11-13 true Cash Flow Indirect Not applicable Single segment Not applicable 2024-07-01 2024-09-30 Unaudited Standalone 620745000.00 2906000.00 623651000.00 328749000.00 0.00 0.00 18550000.00 15287000.00 5549000.00 210286000.00 578421000.00 45230000.00 0.00 45230000.00 0.00 7653000.00 7653000.00 0.00 37577000.00 0.00 0.00 0.00 0.00 37577000.00 601000.00 38178000.00 0.00 0.00 633836000.00 10 0.54 0.55 0.00 0.00 0.54 0.55 1.The above Unaudited results were reviewed by the Audit Committee on 12th November 2024, approved and taken on record by the Board at its meeting held on 13th November 2024, in terms of Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. 2.The Company is adopting Indian Accounting Standards (Ind AS) and the Unaudited financial results for the Quarter and Half year ended 30th September 2024 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. 3.The company continues to prepare its Accounts and the Statement of Unaudited financial results on a ‘going concern’ basis of accounting. 4.During the quarter and half year ended under review:i The company has converted 2552000 warrants to fully paid equity shares on 21st May 2024. ii The company has converted 7969584 warrants to fully paid equity shares on 20th June 2024. iii The company has issued 2533798 Equity Shares on 5th September 2024. iv The company has issued 2434786 warrants on 5th September 2024. 5. 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.555 Lakhs have been written back. 6. Land at Porur to the extent of 6.53 Acres has been transferred during the previous year to 100% wholly own subsidiary M/s.WSI Falcon Infra Projects Private Limited (formerly WS Insulators Private Limited) as a part of joint venture agreement entered for development of IT park. 7. Exceptional item for the financial year 2023-24 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 Private Limited (formerly WS Insulators Private Limited) 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 operates primarily in Infra segment and accordingly the company is not required to present segment information. 9. The Company had participated in an e-auction on 09.03.2023 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 27.03.2023. Accordingly, the Company had remitted the sale consideration of Rs. 107.35 Crores which was recognised as capital advance during the financial year 2022-23 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. 10. In view of adequate and sustainable profits the company recognised Deferred Tax asset amounting to Rs.10.61 Crores during the previous year end. 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. Figures have been regrouped/reclassified wherever necessary, to conform to this period's classifications. Single segment 2024-04-01 2024-09-30 Unaudited Standalone 1337799000.00 4372000.00 1342171000.00 708417000.00 0.00 0.00 36610000.00 28861000.00 9191000.00 431239000.00 1214318000.00 127853000.00 0.00 127853000.00 0.00 30132000.00 30132000.00 0.00 97721000.00 0.00 0.00 0.00 0.00 97721000.00 1125000.00 98846000.00 0.00 0.00 633836000.00 10 1.64 1.61 0.00 0.00 1.64 1.61 Construction and other operating expenses 197372000.00 Other expenses 12914000.00 Construction and other operating expenses 400406000.00 Other expenses 30833000.00 77025000.00 0.00 1093251000.00 0.00 0.00 0.00 0.00 0.00 1228200000.00 0.00 0.00 93169000.00 1321369000.00 75983000.00 1242000.00 2568869000.00 224084000.00 0.00 777066000.00 605699000.00 79693000.00 0.00 293787000.00 1756245000.00 50543000.00 614079000.00 2644951000.00 5213821000.00 633836000.00 2789292000.00 3423128000.00 3423128000.00 381665000.00 0.00 23620000.00 405285000.00 2469000.00 0.00 0.00 0.00 407754000.00 320776000.00 441350000.00 598712000.00 1360839000.00 21278000.00 823000.00 1382939000.00 1790693000.00 5213821000.00 28861000.00 -36350000.00 69935000.00 0.00 -595361000.00 0.00 0.00 0.00 0.00 -13433000.00 0.00 -70596000.00 0.00 9191000.00 0.00 -676000.00 5000.00 -24209000.00 0.00 0.00 0.00 3735000.00 0.00 0.00 0.00 0.00 1049000.00 0.00 0.00 -635319000.00 -507466000.00 0.00 0.00 0.00 0.00 0.00 -507466000.00 0.00 0.00 0.00 11200000.00 0.00 0.00 0.00 0.00 0.00 31532000.00 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 1560000.00 0.00 -62500000.00 0.00 -103673000.00 0.00 0.00 378803000.00 406648000.00 0.00 0.00 0.00 0.00 0.00 -96540000.00 0.00 705000.00 0.00 27987000.00 0.00 0.00 853299000.00 242161000.00 0.00 242161000.00 363538000.00 605699000.00 601000.00 1125000.00 0.00 0.00 0.00 0.00