Q4 2026 WPIL Ltd Earnings Call Transcript
Key Points
- WPIL Ltd (BOM:505872) reported a consolidated revenue growth of 3% to INR1,855 crores for FY26, with EBITDA rising by 9% and margins improving to 17.16%.
- The international business was a key growth driver, with revenues increasing sharply to INR1,136 crores, driven by strong execution and robust overseas demand.
- The company secured large contracts in the power and industrial segments, strengthening its market presence.
- WPIL Ltd's product division demonstrated strength with healthy order inflows and an improved backlog, supported by robust demand from power, industrial, and water sectors.
- The company enters FY27 with a positive outlook, backed by a strong order book and renewed momentum under Jal Jeevan Mission Phase 2.
- The stand-alone business faced challenges with a 44% year-on-year decline in revenue for the quarter, primarily due to subdued demand and execution in the Project division.
- Domestic project business remained subdued, with revenues declining significantly compared to the previous year.
- Trade receivables increased from INR820 crores to INR1,184 crores, largely due to delays in fund release for the Jal Jeevan Mission.
- Gross margins declined from 76% to 71% in Q4 on a consolidated basis, indicating pressure on profitability.
- The company faces challenges with raw material price volatility, which could impact future margins.
Ladies and gentlemen, good day, and welcome to the WPIL Limited conference call hosted by Emkay Global Financial Services Limited. (Operator Instructions)
I will now hand the conference over to Mr. Abhishek Taparia from Emkay Global Financial Services Limited. Thank you, and over to you, sir.
Good evening, everyone. I would like to welcome the management and thank them for this opportunity. We have with us today, Mr. Prakash Agarwal, Managing Director; and Mr. Krishna Kumar Ganeriwala, Executive Director. I shall now hand over the call to the management for the opening remarks. Over to you, gentlemen.
Welcome to the earnings call for the fourth quarter and the financial year 2026. FY26 was a year of resilient overall performance for WPIL, marked by steady consolidated growth despite some near-term pressures in the domestic project business. On a consolidated basis, the company delivered revenue
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