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Highlights
- The presented financial data is Consolidated to provide a comprehensive overview of the company performance.
- Sales over the Year and quarter: The company’s sales declined by -15.66 % over the year, decrease in net sales/revenue by -10.26 %.
- Income over the Year and quarter: There has been either a marginal increase or a decline in other income over the past year which is 19.56 %. Marginal decrease of -28.3% in other income during this quarter.
- Profit over the Year and quarter: Challenges in sustaining profitability for West Coast Paper Mills Limited. Profit dropped by -56.34 % Year to Year, West Coast Paper Mills Limited’s profitability dropped by -6.83 % Quarter to Quarter.
- EPS over the Year and quarter: EPS declined by -53.62 % Year to Year. EPS decreased by -4.96 % in previous quarter. Analysis needed for shareholder value.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1138.618 Cr | Rs. 1070.096 Cr | Rs. 960.336 Cr | -10.26 % | -15.66 % |
| Expenses | Rs. 744.09 Cr | Rs. 900.47 Cr | Rs. 784.65 Cr | -12.86 % | + 5.45 % |
| Operating Profit | Rs. 394.53 Cr | Rs. 169.63 Cr | Rs. 175.69 Cr | + 3.57 % | -55.47 % |
| OPM % | 34.65 % | 15.85 % | 18.29 % | + 2.44 % | -16.36 % |
| Other Income | Rs. 35.097 Cr | Rs. 58.52 Cr | Rs. 41.961 Cr | -28.3 % | + 19.56 % |
| Interest | Rs. 6.63 Cr | Rs. 5.57 Cr | Rs. 6.92 Cr | + 24.24 % | + 4.37 % |
| Depreciation | Rs. 43.73 Cr | Rs. 48.99 Cr | Rs. 47.25 Cr | -3.55 % | + 8.05 % |
| Profit before tax | Rs. 379.27 Cr | Rs. 173.59 Cr | Rs. 163.48 Cr | -5.82 % | -56.9 % |
| Tax % | 26.61 % | 24.86 % | 25.67 % | + 0.81 % | -0.94 % |
| Net Profit | Rs. 278.35 Cr | Rs. 130.43 Cr | Rs. 121.52 Cr | -6.83 % | -56.34 % |
| EPS in Rs | Rs. 37.17 | Rs. 18.14 | Rs. 17.24 | -4.96 % | -53.62 % |
Today, we’re looking at West Coast Paper Mills Limited’s financial performance for the Q1(Jun 2024).Starting with the top line, the company reported a significant year-over-year sales decline of -15.66 %. However, it did see a marginal slip of -10.26 % from the previous quarter. Expenses decreased slightly by -12.86 % quarter-on-quarter, aligning with the annual rise of 5.45 %. Operating profit, while down -55.47 % compared to last year, faced a quarter-on-quarter increase of 3.57 %, signaling a short-term expansion in margins.
The Operating Profit Margin (OPM) % contradicts this narrative, showing weakness on an annual basis with a decrease of -16.36 %, but an expansion of 2.44 % sequentially. Other income fell by -28.3 % compared to the last quarter, despite an annual growth of 19.56 %. Interest expenses surged remarkably by 24.24 % from the previous quarter, yet the year-over-year increase remains at a moderate 4.37 %. Depreciation costs fell by -3.55 % quarter-on-quarter, whereas on an annual scale, they saw an increase of 8.05 %. Profit before tax declined annually by -56.9 % but saw a reduction from the preceding quarter by -5.82 %.
Tax expenses as a percentage of profits decreased slightly by -0.94 % compared to last year, with a more notable quarter-on-quarter increase of 0.81 %. Net profit fell by -56.34 % year-on-year but witnessed a -6.83 % contraction from the last quarter. And finally, Earnings Per Share (EPS) displayed an annual downturn of -53.62 % but a quarterly fall of -4.96 %. In summary, West Coast Paper Mills Limited’s annual performance indicates steady growth, although the quarter-on-quarter figures suggest some areas may require strategic attention.
| Metrics | Previous Year | Previous Quarter | Current Quarter | Quarter to Quarter Difference | Year to Year Difference |
|---|---|---|---|---|---|
| Sales | Rs. 1138.618 Cr | Rs. 1070.096 Cr | Rs. 960.336 Cr | -10.26 % | -15.66 % |
| Expenses | Rs. 744.09 Cr | Rs. 900.47 Cr | Rs. 784.65 Cr | -12.86 % | + 5.45 % |
| Operating Profit | Rs. 394.53 Cr | Rs. 169.63 Cr | Rs. 175.69 Cr | + 3.57 % | -55.47 % |
| Net Profit | Rs. 278.35 Cr | Rs. 130.43 Cr | Rs. 121.52 Cr | -6.83 % | -56.34 % |
| EPS in Rs | Rs. 37.17 | Rs. 18.14 | Rs. 17.24 | -4.96 % | -53.62 % |
In reviewing West Coast Paper Mills Limited’s 2024(Q1) financial snapshot, key trends emerge, shedding light on the company’s performance.Sales experienced a decrease of -15.66 % year-on-year, although there was a slight dip of -10.26 % from the previous quarter. Expenses rose by 5.45 % compared to the previous year, with a decrease of -12.86 % quarter-on-quarter. Operating Profit dropped by -55.47 % annually, and saw a 3.57 % increase from the last quarter.
Net Profit showed yearly decrease of -56.34 %, and experienced a -6.83 % decrease from the previous quarter. Earnings Per Share (EPS) fell by -53.62 % annually, however dipped by -4.96 % compared to the last quarter. In essence, while West Coast Paper Mills Limited faces strong annual decline indicators, short-term fluctuations suggest the need for agile strategies to navigate market dynamics effectively. That’s all for now in the financial sector.
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