WSI2024-10-012024-12-31 WSI2024-10-012024-12-31 WSI2024-10-012024-12-31in-bse-fin:OneOperatingExpenses01Member WSI2024-10-012024-12-31in-bse-fin:OneOperatingExpenses02Member WSI2024-10-012024-12-31in-bse-fin:FourOperatingExpenses01Member WSI2024-10-012024-12-31in-bse-fin:FourOperatingExpenses02Member WSI2024-12-31 iso4217:INRxbrli:purexbrli:sharesiso4217:INRxbrli:shares 504220 WSI NOTLISTED W S Industries (I) Limited Equity 2024-04-01 2025-03-31 2025-02-12 2025-02-06 INR Lakhs Third quarter 15:00:00 17:20:00 2025-02-12 2025-02-12 Not applicable Single segment Not Applicable 2024-10-01 2024-12-31 Unaudited Standalone 655904000.00 8732000.00 664636000.00 276776000.00 0.00 0.00 19031000.00 19363000.00 5571000.00 382555000.00 703297000.00 -38660000.00 0.00 -38660000.00 168987000.00 29727000.00 198714000.00 0.00 -237374000.00 0.00 0.00 0.00 0.00 -237374000.00 294000.00 -237080000.00 0.00 0.00 633836000.00 10 -4.11 -4.08 0.00 0.00 -4.11 -4.08 1. Above Unaudited results were reviewed by Audit Committee on 11.02.25, approved and taken on record by the Board at its meeting held on 12.02.25, in terms of Regulation 33 of SEBI (LODR) Reg, 2015. 2. Company is adopting Ind AS and the Unaudited financial results for the Quarter and Nine months ended 31.12.24 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. 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 nine months ended under review: Company has converted 2552000 warrants to fully paid equity shares on 21.05.2024. Company has converted 7969584 warrants to fully paid equity shares on 20.06.2024. Company has issued 2533798 Equity Shares on 5.09.2024. Company has issued 2434786 warrants on 5.09.2024. 5. During the financial year 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 the previous year to subsidiary M/s.WSI Falcon Infra Projects Pvt Ltd as a part of joint venture agreement entered for development of IT park. 7.Exceptional item for the financial year 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 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.Company operates primarily in Infra segment and accordingly the company is not required to present segment information. 9. 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. 10.In view of adequate and sustainable profits the company recognised Deferred Tax asset amounting to Rs.10.61 Crores during previous year end. 11.During the previous FY Company had claimed a long-term capital gain exemption under Section 47 of the Income Tax Act 1961 in respect of the transfer of its land to one of its wholly owned subsidiaries. However during the current quarter with the induction of a new investor into the subsidiary the said relationship as a wholly owned subsidiary ceased to exist. Consequently the previously exempted capital gain became taxable. As a result Company has recognized a capital gain tax liability amounting to Rs.1689.87 lakhs in the current quarter. 12.Figures have been regrouped/reclassified wherever necessary, to conform to this period's classifications. Single segment 2024-04-01 2024-12-31 Unaudited Standalone 1993702000.00 13105000.00 2006807000.00 985193000.00 0.00 0.00 55641000.00 48224000.00 14762000.00 813794000.00 1917615000.00 89192000.00 0.00 89192000.00 168987000.00 59859000.00 228846000.00 0.00 -139653000.00 0.00 0.00 0.00 0.00 -139653000.00 1419000.00 -138234000.00 0.00 0.00 633836000.00 10 -2.47 -2.47 0.00 0.00 -2.47 -2.47 Construction and other operating expenses 370350000.00 Other Expenses 12205000.00 Construction and other operating expenses 770756000.00 Other Expenses 43038000.00 294000.00 1419000.00 0.00 0.00 0.00 0.00