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 Consolidated 655904000.00 14113000.00 670017000.00 276776000.00 0.00 0.00 19031000.00 23092000.00 5571000.00 383676000.00 708147000.00 -38130000.00 0.00 -38130000.00 168987000.00 29727000.00 198714000.00 0.00 -236844000.00 0.00 0.00 0.00 0.00 -236844000.00 294000.00 -236550000.00 -236079000.00 -473000.00 -236079000.00 -473000.00 633836000.00 10 -4.04 -4.01 0.00 0.00 -4.04 -4.01 1. Above Unaudited results were reviewed by the AC 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, 15. 2. Group financial results for Quarter and nine months ended 31.12.24 are prepared in accordance with the recognition and measurement principles laid down in Ind AS prescribed U/S 133 of the Com. Act, 2013 read with relevant Rules issued thereunder. 3. Group continues to prepare its Accounts and Statement of Unaudited financial results on a ‘going concern’ basis of accounting. 4. During quarter and nine months ended under review: i. Holding Company (HC) has converted 2552000 warrants to fully paid equity shares on 21.05.2024 .ii HC has converted 7969584 warrants to fully paid equity shares on 20.06.2024 .iii) HC has issued 2533798 Equity Shares on 05.09.2024. iv) HC has issued 2434786 warrants on 05.09.2024. 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 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 previous year.(iii) Provision for contract losses Rs.148.00 Lakhs pertains to erstwhile Turnkey Project Business (TPB) .(iv) Interest cost on Gujarat VAT Rs.42.26 Lakhs pertains to erstwhile TPB. 7. HC 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, Company had remitted the sale consideration of Rs.107.35 Crores which was recognised as capital advance during the financial year 22-23 pending registeration of the Sale Certificate with SRO of Sunguvarchatram. During PY 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 PY. 8. During previous FY Company had claimed a long-term capital gain exemption U/s 47 of IT 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 current quarter. 9. In view of adequate and sustainable profits the company recognised Deferred Tax asset amounting to Rs.10.61 Crores during the PY end. 10. Consolidated financial statements relate to W.S. Industries (I) Ltd (Parent Company), and its Subsidiary Companies. Parent Company with its subsidiaries constitute the Group. 11. Subsidiary Companies considered in 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 (I) Ltd are 100% and 51% respectively. 12. Group is not required to provide Segment Reporting under the criteria specified in IND AS 108. 13. During the current quarter on account of Investment from Prestige Exora Business park Ltd on 30.12.24 in WSI Falcon Infra Projects Pvt Ltd, percentage of holding of WS Industries (I) Ltd in subsidiary is reduced to 51% from 100% 14. Figures have been regrouped/reclassified wherever necessary, to conform to this period's classifications. Single segment 2024-04-01 2024-12-31 Unaudited Consolidated 1993702000.00 29188000.00 2022890000.00 985193000.00 0.00 0.00 55641000.00 58489000.00 14762000.00 841082000.00 1955168000.00 67723000.00 0.00 67723000.00 168987000.00 59859000.00 228846000.00 0.00 -161123000.00 0.00 0.00 0.00 0.00 -161123000.00 1419000.00 -159704000.00 -159704000.00 -473000.00 -159704000.00 -473000.00 633836000.00 10 -2.74 -2.74 0.00 0.00 -2.74 -2.74 Construction and other operating expenses 370351000.00 Other Expenses 13326000.00 Construction and other operating expenses 770756000.00 Other Expenses 70326000.00 294000.00 1419000.00 0.00 0.00 0.00 0.00