WPIL Limited has released the complete transcript of its Q3FY26 earnings conference call held on February 02, 2026, providing detailed insights into the company's exceptional quarterly performance and strategic outlook. The call was hosted by Arihant Capital Markets Limited and featured comprehensive discussions with Managing Director Mr. Prakash Agarwal and Executive Director Mr. Krishna Kumar Ganeriwala.

Strong Q3FY26 Financial Performance

During the earnings call, management highlighted robust consolidated financial results for the quarter. The company achieved consolidated revenue from operations of ₹539 crores, representing a substantial 41% year-on-year growth. EBITDA reached ₹113 crores, marking an impressive 134% increase compared to the previous year, with EBITDA margins expanding to 20.88%.

Nine-Month Performance Overview

For the nine-month period, WPIL demonstrated consistent growth momentum with consolidated revenue from operations reaching ₹1,343 crores, up 9% year-on-year. EBITDA for the period stood at ₹242 crores, rising 14% with margins at 18.03%. Net profit amounted to ₹153 crores, representing a 2% increase with PAT margins at 11.4%.

International Business Expansion

Management emphasized the significant contribution of international operations, which now represent 60% of total revenues with ₹822 crores for the nine-month period, reflecting 81% year-on-year growth. International EBITDA margins improved to 15% for the nine-month period, supported by strong Q3 performance across multiple geographies.

Major Contract Wins and Order Book

The company secured significant breakthrough orders during the period, including a major ₹320 crores contract for 30-megawatt large pumps for the Rajasthan Eastern Canal Project. PCI Africa secured strategic contracts worth ZAR 821 million for the Trans-Caledon Tunnel project and ZAR 1.1 billion for the Macassar Wastewater project.

Strategic Outlook and Growth Drivers

Management highlighted the government's budget allocation of ₹17,000 crores for FY26 and additional ₹67,670 crores for FY27 expected to boost Jal Jeevan Mission projects. The company maintains its focus on EBITDA margins between 15-20% across all business segments and geographies.

The earnings call transcript provides stakeholders with comprehensive insights into WPIL's diversified business portfolio performance, international expansion strategy, and medium-term growth visibility supported by robust order backlogs across product and project segments.

WPIL Limited has announced the successful completion of its postal ballot process, with all six proposed resolutions receiving overwhelming shareholder approval. The scrutinizer's report, filed on January 29, 2026, confirms that each resolution passed with requisite majority, reflecting strong shareholder confidence in the company's strategic initiatives.

Leadership Re-appointments Approved

Shareholders overwhelmingly endorsed the re-appointment of key executive positions through special resolutions. The voting results demonstrate exceptional support for the company's leadership continuity:

Both executives have been re-appointed for a three-year term from November 1, 2025, through October 31, 2028. The appointments include comprehensive remuneration packages as recommended by the Nomination and Remuneration Committee and approved by the Audit Committee and Board of Directors.

Capital Structure Restructuring

The company successfully implemented significant changes to its authorized share capital structure through multiple ordinary resolutions. The restructuring involved the cancellation of 14,000 11% unissued Redeemable Cumulative Preference shares of face value Rs. 100/- each, converting them into 14,00,000 unissued equity shares of face value Rs. 1/- each.

Enhanced Authorized Share Capital

Following the restructuring, the company's authorized share capital increased from Rs. 10,50,00,000/- to Rs. 12,00,00,000/- through the creation of additional 1,50,00,000 unissued equity shares of face value Rs. 1/- each. This expansion provides the company with enhanced financial flexibility for future growth initiatives.

The constitutional amendments to both the Memorandum and Articles of Association were approved to reflect the new capital structure. The revised Clause 5 of the Memorandum now states the authorized share capital as Rs. 12,00,00,000 divided into 12,00,00,000 equity shares of Rs. 1/- each.

Voting Process and Participation

The remote e-voting process was conducted through NSDL's platform, with the voting period commencing on December 30, 2025, at 09:00 a.m. and concluding on January 28, 2026, at 05:00 p.m. Shareholders holding shares as of the cut-off date of December 26, 2025, were eligible to participate in the voting process.

P.V. Subramanian, Company Secretary in Whole-time Practice (ACS-4585 & CP No. 2077), served as the appointed scrutinizer for the postal ballot process. The scrutinizer's report confirms that all voting procedures were conducted in accordance with the Companies Act, 2013, and applicable regulations, with no invalid votes recorded across any resolution.