Paper & Paper Products company West Coast Paper Mills announced Q4FY24 & FY24 results:
FY24 Financial Highlights:
- Consolidated revenue for FY24: Rs 4,447.68 crore, reflecting a decrease of 10% compared to FY23.
- Consolidated EBITDA for FY24: Rs 1,262.29 crore, showing a decline of 27% from FY23.
- Consolidated Profit After Tax (PAT) for FY24: Rs 786.09 crore, indicating a decrease of 28% compared to FY23.
- Consolidated PAT Margin for FY24: 18%, experiencing a decrease of 400 basis points from FY23.
- Consolidated Earnings Per Share (EPS) for FY24: Rs 104.77, showing a decrease of 27% compared to FY23.
Q4FY24 Financial Highlights:
- Consolidated revenue for Q4FY24: Rs 1,070.10 crore, showing a 2% increase compared to Q3FY24.
- Consolidated EBITDA for Q4FY24: Rs 228.15 crore, indicating a decrease of 12% from Q3FY24.
- Consolidated Profit After Tax (PAT) for Q4FY24: Rs 130.43 crore, reflecting an 18% decrease compared to Q3FY24.
- Consolidated PAT Margin for Q4FY24: 12%, experiencing a decrease of 300 basis points from Q3FY24.
- Consolidated Earnings Per Share (EPS) for Q4FY24: Rs 18.14, showing a decrease of 12% compared to Q3FY24.
Commenting on the results S.K. Bangur, Chairman & Managing Director, West Coast Paper Mills Limited said: “During the quarter under review, a significant rise in wood prices and decreased realization has affected performance for both, the quarter and the entire year. Selling prices have remained under pressure due to market conditions. However, the company persists in its efforts to enhance operational efficiencies and boost margins.”