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 Consolidated 620745000.00 8287000.00 629032000.00 328749000.00 0.00 0.00 18550000.00 18786000.00 5549000.00 211032000.00 582666000.00 46366000.00 0.00 46366000.00 0.00 7653000.00 7653000.00 0.00 38714000.00 0.00 0.00 0.00 0.00 38714000.00 601000.00 39314000.00 0.00 0.00 633836000.00 10 0.64 0.64 0.00 0.00 0.64 0.64 1. The above Unaudited results were reviewed by Audit Committee on 12.11.2024, approved and taken on record by the respective Board at its meeting held on 13.11.2024, in terms of Reg 33 of SEBI (LODR) Reg., 2015. 2. The Group financial results for the Quarter and Half year ended 30.09.2024 are prepared in accordance with the recognition and measurement principles laid down in Ind AS prescribed under Sec. 133 of the Com, Act, 2013 read with relevant Rules issued thereunder. 3. The group 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 Holding Company has converted 2552000 warrants to fully paid equity shares on 21.05.2024. ii.The Holding Company has converted 7969584 warrants to fully paid equity shares on 20.06.2024. iii.The Holding Company has issued 2533798 Equity Shares on 05.09. 2024. iv.The Holding Company has issued 2434786 warrants on 05.09.2024. 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. Exceptional item for the financial year 2023-24 of the Holding Company includes: (i) Receipt of compensation from NHAI amounting to Rs.53.67 Lakhs with regards to Bangalore 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) 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. The Holding 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 registration 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. 8. Income tax exemption (Long term capital Gains) claimed under section 47 of Income tax 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. 9. In view of adequate and sustainable profits the company recognised Deferred Tax asset amounting to Rs.10.61 Crores during the previous year end. 10. The Consolidated financial statements relate to W.S. Industries (India) Ltd (the Parent Company), and its Subsidiary Companies. The Parent Company with its subsidiaries constitute the Group. 11. The Subsidiary Companies considered in the consolidated financial statements are M/s.WSI-P&C Verticals Pvt Ltd and M/s. WSI Falcon Infra Projects Pvt Ltd (formerly WS Insulators Pvt Ltd), whose country of incorporation are in India and the percentage of voting power by W.S. Industries (India) Ltd are 100% and 100% respectively. 12. The Group is not required to provide Segment Reporting under the criteria specified in IND AS 108. 13. Figures have been regrouped/reclassified wherever necessary, to conform to this period's classifications. Single segment 2024-04-01 2024-09-30 Unaudited Consolidated 1337799000.00 15075000.00 1352873000.00 708417000.00 0.00 0.00 36610000.00 35397000.00 9191000.00 457405000.00 1247020000.00 105853000.00 0.00 105853000.00 0.00 30132000.00 30132000.00 0.00 75721000.00 0.00 0.00 0.00 0.00 75721000.00 1125000.00 76846000.00 0.00 0.00 633836000.00 10 1.30 1.28 0.00 0.00 1.30 1.28 Construction and other operating expenses 197372000.00 Other expenses 13659000.00 Construction and other operating expenses 400406000.00 Other expenses 56999000.00 77025000.00 1865000.00 1478477000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 93169000.00 93169000.00 75983000.00 1242000.00 1727761000.00 224084000.00 0.00 777066000.00 708518000.00 79693000.00 0.00 256583000.00 1821859000.00 50543000.00 614325000.00 2710812000.00 4438572000.00 633836000.00 1602743000.00 2236579000.00 2236579000.00 589650000.00 0.00 23620000.00 613270000.00 2469000.00 0.00 0.00 192118000.00 807856000.00 320776000.00 442027000.00 599185000.00 1361988000.00 31326000.00 823000.00 1394136000.00 2201993000.00 4438572000.00 35397000.00 -36350000.00 69935000.00 0.00 -558407000.00 0.00 0.00 0.00 0.00 -12756000.00 0.00 -70664000.00 0.00 9191000.00 0.00 -676000.00 5000.00 -23859000.00 0.00 0.00 0.00 3735000.00 0.00 0.00 0.00 0.00 -9653000.00 0.00 0.00 -601572000.00 -495719000.00 0.00 0.00 0.00 0.00 0.00 -495719000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 55908000.00 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 -116849000.00 0.00 0.00 378803000.00 406648000.00 0.00 0.00 0.00 0.00 100000000.00 -96540000.00 0.00 705000.00 0.00 28799000.00 0.00 0.00 952487000.00 339920000.00 0.00 339920000.00 368598000.00 708518000.00 601000.00 1125000.00 0.00 0.00 0.00 0.00