West Coast Paper Mills (500444) Q1 25/26 earnings summary

Executive summary

• Consolidated Q1FY26 revenue was ₹954.65 crore, down 8% quarter-over-quarter; standalone revenue was ₹555.86 crore, down 12% sequentially.

• Consolidated PAT rose 31% sequentially to ₹60.26 crore, while standalone PAT was ₹41.05 crore, nearly flat from the previous quarter.

• The domestic paper industry faced price pressure from increased imports and high input costs, impacting sales and profitability.

Financial highlights

• Consolidated EBITDA for Q1FY26 was ₹155.11 crore, up 24% quarter-over-quarter; standalone EBITDA was ₹94.43 crore, up 5%.

• Consolidated EPS for Q1FY26 was ₹8.24, up 24% from the previous quarter; standalone EPS was ₹6.21, down 1%.

• Consolidated net profit attributable to owners was ₹54.39 crore; non-controlling interests accounted for ₹5.87 crore.

• Gross margin improved due to operational efficiencies and product-mix improvements.

Outlook and guidance

• Management remains focused on operational efficiencies and product-mix improvements to protect profitability amid challenging market conditions.

• The company expects continued pressure from imports and high wood costs in the near term.