Shares of WPIL Limited declined more than 11% in early moring trades on May 20 after the company reported mixed consolidated results for the fourth quarter of FY26. While revenue and operating profit declined on a year-on-year basis, the company posted a sharp jump in net profit aided by the absence of a large tax impact seen in the previous year.
WPIL reported consolidated revenue of ₹511 crore in Q4 FY26, down 10.6% compared to ₹572 crore in the corresponding quarter last year. The decline in topline performance weighed on investor sentiment, leading to selling pressure in the stock.
The company’s EBITDA stood at ₹76.2 crore during the quarter, registering a decline of 4.7% from ₹79.9 crore reported in Q4 FY25. Despite the fall in operating profit, EBITDA margin improved to 14.9% from 14.0% in the year-ago period, indicating better operational efficiency and cost management.
WPIL posted a consolidated net profit of ₹40.4 crore in the March quarter, significantly higher than ₹1.75 crore reported a year earlier. The sharp rise in profit was mainly due to a high base effect, as the company had recorded a tax expense of ₹70.5 crore on discontinued operations in Q4 FY25.