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Total expense stood at Rs 447.68 crore (up 26.83% YoY), cost of material consumed was at Rs 115.63 crore (up 6.67% YoY), employee benefit expense stood at Rs 79.65 crore (up 34.52% YoY), and finance cost was at Rs 11.35 crore (up 1.7% YoY) during the period under review.
WPIL is principally engaged in designing, developing, manufacturing, erecting, commissioning, and servicing pumps & pumping systems.
The said contract does not fall within related party transaction.
WPIL is engaged in designing, developing, manufacturing, erecting, commissioning and servicing of pumps & pumping systems.
The company’s consolidated net profit tanked 31.9% to Rs 41.02 crore on 13.2% decline in revenue from operations to Rs 426.02 crore in Q2 FY26 over Q2 FY25.
The subsidiary will carry out complete electro-mechanical and instrumentation works for the Trans Caledon Tunnel Authority’s MCWAP2 Project in South Africa.
The total value of the contract stands at 821 million Rand (Rs 426 crore), with a project execution timeline of 48 months, the company said.
WPIL clarified that the contract does not fall under related-party transactions.