Outcome of Board Meeting
WSTCSTPAPR · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
West Coast Paper Mills reported audited standalone net profit of Rs 1,535 lakhs for FY2026, down 46% from Rs 2,847 lakhs in FY2025. Standalone revenue remained flat at Rs 24,985 lakhs. On consolidated basis, revenue grew 5.3% to Rs 42,788 lakhs but net profit dropped 54% to Rs 1,557 lakhs. The Board recommended dividend of Rs 3 per share (150%), reduced from Rs 5 last year. Auditors Singhi & Co issued unmodified (clean) opinion. Key subsequent event: subsidiary Andhra Paper declared lockout at its Kadiayam plant from May 1, 2026 following illegal strike by contract workers. Three director re-appointments were approved pending shareholder consent.
Significant profit decline despite stable standalone revenue raises concerns. The lockout at Andhra Paper's manufacturing facility could impact future consolidated performance. Clean audit provides assurance on financial reporting accuracy. Reduced dividend signals conservative capital management amid challenging conditions.