West Coast Paper Mills reported a strong recovery in profitability during the fourth quarter of FY26, driven by higher revenues and improved operating performance, even as its full-year earnings remained below the previous year’s levels.
According to the company’s audited consolidated financial results for the quarter and year ended 31 March 2026, total income from operations in Q4 FY26 stood at INR 1,245.30 crore, up 19.6% from INR 1,041.29 crore recorded in the corresponding quarter of FY25. Sequentially, revenue increased from INR 1,035.82 crore in Q3 FY26.
Net profit after tax for the quarter rose to INR 53.98 crore, compared with INR 46.15 crore in Q4 FY25 and INR 29.58 crore in the preceding quarter. Profit attributable to owners of the company reached INR 51.85 crore, up from INR 43.99 crore a year earlier. For the full financial year the company reported consolidated revenue of INR 4,278.79 crore, compared with INR 4,062.29 crore in FY25.
Despite the increase in turnover, profit after tax declined sharply to INR 155.73 crore from INR 335.64 crore in the previous year. Profit attributable to shareholders fell to INR 150.60 crore from INR 311.15 crore. Earnings per share (EPS) for FY26 stood at INR 22.80, down from INR 47.11 in FY25, reflecting the pressure on annual profitability despite the stronger fourth-quarter performance.
The company’s standalone business also showed improvement during the final quarter. Standalone revenue from operations increased to INR 707.33 crore in Q4 FY26 from INR 631.04 crore in the same period last year. Profit before tax rose to INR 76.14 crore, while profit after tax stood at INR 48.86 crore, compared with INR 41.39 crore in Q4 FY25.
West Coast Paper Mills’ reserves, excluding revaluation reserves, increased to INR 3,594.58 crore as of 31 March 2026, compared with INR 3,478.21 crore a year earlier. The board of directors has recommended a dividend of INR 3 per equity share of face value INR 2 each for FY26, equivalent to 150%. This compares with a dividend of INR 5 per share, or 250%, declared for FY25. The results were approved by the company’s board at its meeting held on 27 May 2026.