West Coast Paper Mills Ltd., one of the oldest and the largest producers of paper for printing, writing, and packaging in India, announced its financial results for the quarter ended 30th June, 2019.
- Revenue of Rs. 535 Crores; a YoY growth of 17%
- EBITDA of Rs. 157 Crores; a YoY growth of 33%
- EBITDA Margin of 29.3%; a YoY improvement of 353 bps
- PBT of Rs. 122 Crores; a YoY growth of 55%
Commenting on the results, Shri S. K. Bangur, Chairman & Managing Director, West Coast Paper Mills Ltd. said, "We are pleased to announce that our overall revenue for Q1 FY20 grew by 17% whereas our operating profits grew at 33% on a YoY basis. We have seen growth across our business segments with our key segment of Paper and Paper Board division growing by 12% along with an improvement in EBITDA Margin by 427 basis points to 30.4%.
The growth in Paper and Paper division has been a combination of higher sales volume and better realization. The growth in EBITDA on a YoY basis for the segment is due to combination of factors like lower input costs, better operating parameters and higher contribution of value - added products."
Shares of WEST COAST PAPER MILLS LTD. was last trading in BSE at Rs.235 as compared to the previous close of Rs. 235.25. The total number of shares traded during the day was 9842 in over 689 trades.
The stock hit an intraday high of Rs. 245.85 and intraday low of 233.4. The net turnover during the day was Rs. 2355213.