WPIL Limited reported a consolidated net profit of ₹5,900.98 crore for the quarter ended June 30, 2026 (Q1FY27), marking a 129% year-on-year increase from ₹2,574.21 crore in Q1FY26. Revenue from operations climbed 32% to ₹5,005.35 crore from ₹3,785.84 crore, driven by strong performance across both its Pumps and Accessories and Projects segments. The Board of Directors approved the unaudited financial results on July 24, 2026, following review by the Audit Committee and limited review by statutory auditors Salarpuria & Partners.

Financial Performance

The company’s profitability expanded significantly alongside top-line growth. Profit before tax rose to ₹7,929.64 crore from ₹4,041.95 crore in the same period last year. Tax expenses amounted to ₹2,026.37 crore, including current tax of ₹2,083.30 crore and deferred tax credit of ₹56.93 crore.

Standalone results showed a net profit of ₹619.70 crore for the quarter, down from ₹4,018.76 crore in the preceding quarter but up from ₹1,898.04 crore year-on-year. Standalone revenue from operations was ₹1,146.62 crore, compared to ₹18,125.33 crore in Q1FY26, reflecting seasonal variations and project execution cycles specific to the parent entity.

*EBITDA represented by Total Segment Results before finance costs and unallocable corporate income.

Segment and Geographical Insights

Revenue was split between Pumps and Accessories (₹2,401.41 crore) and Projects/Works Contract (₹2,603.94 crore). The Projects segment saw a sharper revenue increase of 51% YoY, while Pumps and Accessories grew by 17%. Geographically, international markets contributed significantly, with Rest of World revenue reaching ₹3,881.33 crore, compared to ₹1,124.02 crore from India. This shift highlights the company’s growing reliance on global contracts.

During the earnings call, Managing Director Prakash Agarwal noted that the total order book stood at ₹5,270 crore at the end of Q1. The international order book was ₹2,891 crore, providing strong revenue visibility. He highlighted fresh demand from the MENA region across oil and gas and water sectors, supported by robust demand for gas turbine pumps. The Australian business, Sterling and United, benefited from healthy inquiry pipelines from LNG, mining, and industrial projects. WPIL Thailand secured healthy orders from the drainage sector. On the international project side, MISA Italy completed legacy projects and is witnessing a healthy pipeline of new irrigation and drainage businesses. PCI Africa commenced execution of large contracts secured during FY26 in the South African water sector.

Domestically, the product division revenue stood at ₹72 crore compared to ₹65 crore in the corresponding quarter last year. The domestic product division order book was ₹459 crore. The domestic project division remained subdued with revenues at ₹43 crore. The domestic project order book stood at ₹1,921 crore, including about ₹530 crore of O&M business. Agarwal stated that most of the domestic EPC order book is related to Jal Jeevan Mission projects, which are slow-moving due to payment delays from state governments, particularly West Bengal. He expects an improvement in the domestic water sector during the second half of the year as sector issues are resolved.

Material Disclosures and Strategic Updates

WPIL disclosed receiving a letter from Madhya Pradesh Jal Nigam alleging delays in contractual milestones. Consequently, the client has debarred WPIL from participating in future tenders, bids, and procurement processes until contract completion or for three years, whichever is earlier. Management assessed that this order will have no impact on existing financial or operational activities. Agarwal clarified that the company is addressing these concerns and targets completing the affected projects within the next year, noting that most are at 65% to 70% completion.

The company also addressed its strategy regarding minority shareholding in subsidiaries. Agarwal stated the intention to reduce minority shareholding in all subsidiaries over the next 2 to 3 years. For the newly acquired PCI Africa, there is an understanding to buy out other shareholders within 3 years to reach 100% ownership. Similar plans exist for other South African and Singaporean subsidiaries, dependent on cash availability.

Regarding receivables, Agarwal mentioned that roughly ₹300 crore to ₹350 crore in Jal Jeevan Mission receivables are pending, mostly from the West Bengal government. He expressed confidence in substantial inflows in the next quarter, stating that funds are lying in treasury accounts and disbursement is procedural. The consolidated results include Paterson Candy International (SA) Pty Ltd and its subsidiaries, acquired in Q1FY26, making current quarter comparisons partially non-comparable. Statutory auditors Salarpuria & Partners issued a limited review report pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Earnings Call Transcript Disclosure

In compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, WPIL Limited disclosed the audio recording of its Q1-FY27 earnings call held on July 24, 2026, at 5:30 p.m. (IST). The recording is accessible via the company’s designated URL with Recording ID 10045371. The disclosure was signed by K.K. Ganeriwala, Executive Director, on July 24, 2026.

WPIL Limited has scheduled an investor and analyst meeting with SBI General Insurance for July 28, 2026. The interaction will be conducted via video conferencing. The company confirmed that no unpublished price sensitive information (UPSI) is intended to be discussed during the meeting.

The meeting is being held pursuant to Regulation 30(6) of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The schedule was intimated to the stock exchanges on July 22, 2026.

WPIL Limited noted that the schedule is subject to change if necessary. The disclosure was submitted by Executive Director K.K. Ganeriwala.