Revenue for the period also fell on a year-on-year basis to ₹1,041 crore from ₹1,070 crore, implying a 3% decline.
West Coast’s Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) tumbled 52.4% to ₹80.8 crore as against ₹169.6 crore in the same period a year ago.
Margins contracted by 810 basis points to 7.8% from 15.9% last year.
The board recommended a dividend of ₹5 per equity share of face value of ₹2 each (at the rate of (250%) for the financial year ended March 31, 2025.
This will be subject to approval of shareholders at the ensuing Annual General Meeting of the company.
Following the earnings announcement, shares of West Coast Paper Mills Ltd. are trading 2% lower at ₹467.80. The stock is down over 15% so far in 2025.
