West Coast Paper Mills Limited has informed the Exchange that Board of Directors at its meeting held on May 27, 2026, recommended Final Dividend of Rs. 3 per equity share.
WSTCSTPAPR · price
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West Coast Paper Mills Board on May 27, 2026 recommended a final dividend of Rs. 3 per share (150% on Rs. 2 face value), down sharply from Rs. 5 per share (250%) paid last year. Standalone net profit fell 46% to Rs. 15,353 lakh from Rs. 28,471 lakh in FY25, while revenue declined marginally to Rs. 2,49,849 lakh from Rs. 2,51,135 lakh. The company's EPS dropped to Rs. 23.25 from Rs. 43.11. Consolidated net profit similarly fell 54% to Rs. 15,573 lakh despite higher consolidated revenue of Rs. 4,27,879 lakh. The board also reappointed three key directors. A note reveals that Andhra Paper's manufacturing facility at Kadiayam is currently under lockout since May 1 due to an illegal strike by contract workers.
The 40% dividend cut signals strain from significantly lower profitability and operational disruptions. While the stock may see mild negative reaction due to reduced payouts, shareholder reappointments suggest management continuity. The Kadiayam lockout at a key subsidiary could affect future earnings.