WPIL Ltd — Updates, 08-08-2025: Company Update

WPIL's Q1 FY26 results show consolidated revenue up 4% to INR379 crore, but EBITDA fell 18% to INR49 crore, primarily due to one-off international acquisition costs. The product division performed strongly with INR65 crore revenue and record INR139 crore order bookings. International business revenue surged to INR197 crore, driven by new acquisitions, though margins were temporarily affected. Domestic projects remained challenged, but payments are improving. WPIL is de-risking via international expansion, expecting H2 improvement in margins and the water sector. Net cash stands at approximately INR200 crore.