Paper & Paper Products company West Coast Paper Mills announced Q1FY24 results: Consolidated Q1FY24: Revenue of Rs 1,138.62 crore in Q1FY24 compared to Rs 1,357.48 crore in Q4FY23, down 16% QoQ EBIDTA of Rs 429.62 crore in Q1FY24 compared to Rs 518.20 crore in Q4FY23, down 17% QoQ PAT of Rs 278.35 crore in Q1FY24 compared to Rs 320.96 crore in Q4FY23, down 13% QoQ PAT Margin of 25% in Q1FY24 compared to 24% Q4FY23, up 1% QoQ EPS of Rs 37.17 in Q1FY24 compared to Rs 42.13 in Q4FY23, down 12% QoQ Standalone Q1FY24: Revenue of Rs 651.38 crore in Q1FY24 compared to Rs 766.72 crore in Q4FY23, down 15% QoQ EBIDTA of Rs 251.63 crore in Q1FY24 compared to rs 272.18 crore in Q4FY23, down 8% QoQ PAT of Rs 160.48 crore in Q1FY24 compared to Rs 166.02 crore in Q4FY23, down 3% QoQ PAT Margin of 25% in Q1FY24 compared to 22% in Q4FY23, up 3% QoQ EPS of Rs 24.30 in Q1FY24 compared to Rs 25.14 in Q4FY23, down 3% QoQ Commenting on the results S.K. Bangur, Chairman & Managing Director, West Coast Paper Mills said, “The performance of the Company during the quarter under review was impacted due to declining market demand on account of the rise in paper imports. On the cost side, there was an increase in wood prices. However, we have positive expectations for better working in the latter half of the year. We continue to focus on improved operational efficiencies with a better product mix. These initiatives will help for better financial performance down the line” Result PDF
Paper Products company West Coast Paper Mills announced Q4FY23 & FY23 results: Consolidated Q4FY23: Revenue for FY23 is Rs 1,357.48 crore a growth of 27% YoY Basic EPS up from Rs 18.86 to Rs 42.13 Net Profit up by 128% at Rs 320.96 crore as against Rs 140.52 crore in Q4FY22 Consolidated FY23: Revenue for FY23 is Rs 4,920.76 crore a growth of 46% YoY Basic EPS up from Rs 46.49 to Rs 142.64 Net Profit up by 214% at Rs 1,087.01 crore as against Rs 345.88 crore in FY22 Commenting on the results S.K. Bangur, Chairman & Managing Director, West Coast Paper Mills, said: “The performance of the Company during the year under review has been better compared to previous year. The improved performance has been due to higher sales realization along with better product mix, improved operating parameters and reduction in finance cost. This is despite significant increase in major input and employee cost. The Company shall continue to focus on improving its operating efficiencies and minimizing cost for better financial performance.” Result PDF