WPIL Ltd (NSE:WPIL)
₹ 461.5 +9.5 (+2.1%) Market Cap: 45.04 Bil Enterprise Value: 48.58 Bil PE Ratio: 26.55 PB Ratio: 2.83 GF Score: 72/100

Q2 2026 WPIL Ltd Earnings Call Transcript

Nov 07, 2025 / 12:00PM GMT

Key Points

Positve
  • WPIL Ltd (BOM:505872) reported consolidated revenue from operations of INR 426 crores for the quarter, indicating strong financial performance.
  • The company achieved an EBITDA of INR 80 crores with a margin of 18.87%, showcasing efficient operational management.
  • International revenues rose significantly to INR 456 crores in the first half, compared to INR 288 crores in the same period last year, highlighting successful global expansion.
  • The Product Division reported strong revenues of INR 151 crores for the first half of FY26, up from INR 138 crores in the same period last year, indicating growth in product sales.
  • WPIL Ltd (BOM:505872) has a robust order book, reaching a record level of INR 422 crores, which is expected to sustain growth momentum for the full year.
Negative
  • The Project Business faced challenges with revenues falling to INR 89 crores compared to INR 247 crores in Q2 last year, indicating a decline in this segment.
  • The Domestic Project Business is dependent on policy changes and fund flow improvements, which could impact future performance.
  • There are delays in the resolution of fund issues between the center and state for the Jal Jeevan Mission, affecting cash flows and project execution.
  • Employee costs have increased despite a decline in project work, indicating potential inefficiencies in cost management.
  • The company faces challenges in penetrating the US market, which represents a significant portion of the global pump market.
Operator

Ladies and gentlemen, good day and welcome to WPIL Limited's earnings conference call hosted by MK Global Financial Services Limited. As a reminder, all participant lines will be in the listen-only mode, and there will be an opportunity for you to ask questions after the presentation concludes.

Should you need Assistance during the conference call. Please signal an operator by pressing, then 0 on your touchstone phone. Please note that this conference is being recorded. I now like to hand the conference over to Mr. Abhishek Tapara from MK Global Financial Services Limited.

Thank you and over to you, sir.

Abhishek Tapara MK Global Financial Services Limited;Krishna Kumar Ganiriwala WPIL Ltd;executive director

Good evening everyone. I would like to welcome the WPIL management and thank them for this opportunity. We have with us today Mr. Prakash Agarwal, managing director, and Mr. Krishna Kumar Ganiriwala, executive director. I shall now hand over the call to the management for the opening remarks. Over to you gentlemen.

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