West Coast Paper Mills (500444) Q2 24/25 earnings summary

Executive summary

• Consolidated Q2FY25 revenue rose 9% sequentially to ₹1,044.82 crore, while standalone revenue declined 5% to ₹609.36 crore.

• Consolidated PAT dropped 17% quarter-over-quarter to ₹100.56 crore; standalone PAT fell 1% to ₹91.98 crore.

• Margins were pressured by persistently high wood costs and increased low-priced imports, especially in the Printing & Writing segment.

Financial highlights

• Consolidated EBITDA for Q2FY25 was ₹196.38 crore, down 10% sequentially; standalone EBITDA was ₹143.05 crore, down 9%.

• Consolidated PAT margin declined to 10% from 13% in Q1FY25; standalone PAT margin remained stable at 15%.

• Consolidated EPS for Q2FY25 was ₹13.49, down 22% from Q1FY25; standalone EPS was ₹13.93, nearly flat sequentially.

• For the half year ended September 2024, consolidated total income was ₹2,10,143.78 lakh, with net profit after tax of ₹21,854.46 lakh.

Outlook and guidance

• Management highlighted ongoing challenges from high raw material costs and competitive pricing pressures due to increased imports.