WPIL Limited, a key player in the water management and infrastructure sector, reported significant revenue figures for the fiscal year ending March 31, 2023. The company's standalone revenue was Rs. 103,411.54 Lacs, while the consolidated revenue reached Rs. 181,299 Lacs. These figures highlight WPIL's robust financial performance and operational scale during this period WPIL Limited Annual Report 2023.

Detailed Financial Analysis

Standalone Revenue

The standalone revenue of Rs. 103,411.54 Lacs reflects WPIL's core operations within India, focusing on its primary business segments:

1. Assembled to Order Pumps (ATO): This segment involves manufacturing pumps tailored to specific installations, serving municipal and industrial sectors.

2. Engineered to Order Pumps (ETO): This segment designs and manufactures pumps for specialized applications, particularly in large flow requirements for irrigation and power sectors.

Consolidated Revenue

The consolidated revenue of Rs. 181,299 Lacs includes the financial performance of WPIL's subsidiaries and joint ventures, both domestically and internationally. This figure accounts for the broader operational landscape, including contributions from international markets such as Italy, France, Switzerland, South Africa, Australia, and Thailand.

Factors Influencing Revenue Performance

1. Market Demand: The demand for fluid handling solutions, particularly in sectors like irrigation, power, and municipal services, directly impacts revenue. WPIL's ability to secure large contracts and projects in these areas has been a significant driver of growth.

2. Technological Advancements: WPIL's investment in research and development has positioned it as a technology leader in the pumping industry. Innovations in product design and efficiency have attracted new customers and retained existing ones.

3. Geographical Expansion: WPIL's operations extend beyond India, with a presence in multiple countries. Expansion into new markets has significantly boosted revenue.

4. Strategic Partnerships and Contracts: Collaborations with other firms and securing large contracts have enhanced revenue streams. The company’s ability to execute large-scale projects effectively has led to repeat business and referrals.

Variance Between Standalone and Consolidated Revenue

The variance between standalone and consolidated revenue figures can be attributed to several factors:

• Subsidiary Contributions: Consolidated revenue includes the financial performance of subsidiaries and joint ventures, which may not be reflected in standalone figures.

• Intercompany Transactions: Revenue reported in standalone accounts may exclude intercompany sales, which are included in consolidated figures.

• Accounting Practices: Differences in accounting practices and revenue recognition policies between standalone and consolidated accounts can also contribute to variances.

Conclusion

WPIL Limited's financial performance for FY2023 indicates a strong operational capacity and strategic market positioning. The significant revenue figures underscore the company's ability to leverage its technological advancements and market expansion strategies effectively. For a comprehensive understanding of the revenue dynamics, further details can be obtained by contacting WPIL Limited's investor relations department, specifically Mr. U. Chakravarty at uchakravarty@wpil.co.in, to request a detailed breakdown of revenue by product segments and geographical markets.