Consolidated net sales (including other operating income) of West Coast Paper Mills for the quarter ended Dec 2021 has increased 51.39% to Rs 872.2 crore. Sales of Paper and Paper Board segment has gone up 50.83% to Rs 837.41 crore (accounting for 96.01% of total sales). Sales of Telecommunication Cable segment has gone up 66.59% to Rs 34.78 crore (accounting for 3.99% of total sales). Sales of Others segment fell 63.64% to Rs 0.01 crore (accounting for 0.00% of total sales). Profit before interest, tax and other unallocable items (PBIT) has jumped 1,491.19% to Rs 118.79 crore. PBIT of Paper and Paper Board segment rose 2,057.19% to Rs 116.53 crore (accounting for 98.10% of total PBIT). PBIT of Telecommunication Cable segment rose 15.89% to Rs 2.36 crore (accounting for 1.99% of total PBIT). PBIT of Others reported loss of Rs 0.10 crore compared to profit of Rs 0.03 crore. PBIT margin of Paper and Paper Board segment rose from 0.97% to 13.92%. PBIT margin of Telecommunication Cable segment fell from 9.76% to 6.79%. PBIT margin of Others segment fell from 75.00% to 782.03%. Overall PBIT margin rose from 1.30% to 13.62%. Operating profit margin has jumped from 10.25% to 18.37%, leading to 171.29% rise in operating profit to Rs 160.25 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 52.15% to 49.04%. Employee cost decreased from 13.76% to 9.98%. Other expenses fell from 23.84% to 22.63%. Power and Oil fuel cost rose from 11.96% to 13.39%. Other income rose 101.11% to Rs 10.86 crore. PBIDT rose 165.41% to Rs 171.11 crore. Provision for interest fell 45.99% to Rs 11.58 crore. PBDT rose 270.74% to Rs 159.53 crore. Provision for depreciation fell 5.92% to Rs 53.72 crore. Profit before tax reported profit of Rs 105.81 crore compared to loss of Rs 14.07 crore. Share of profit/loss were nil in both the periods. Provision for tax was debit of Rs 17.39 crore, compared to credit of Rs 9.31 crore. Effective tax rate was 16.44% compared to 66.17%. Nine month performance Consolidated net sales has increased 76.70% to Rs 2310.3 crore. Sales of Paper and Paper Board segment has gone up 76.10% to Rs 2,206.31 crore (accounting for 95.50% of total sales). Sales of Telecommunication Cable segment has gone up 90.40% to Rs 103.75 crore (accounting for 4.49% of total sales). Sales of Others segment rose 40.41% to Rs 0.24 crore (accounting for 0.01% of total sales).
PBIT of Paper and Paper Board reported profit of Rs 261.79 crore compared to loss of Rs 65.10 crore. PBIT of Telecommunication Cable segment rose 29.88% to Rs 7.85 crore (accounting for 2.91% of total PBIT). PBIT of Others reported profit of Rs 0.00 crore compared to loss of Rs 0.02 crore. PBIT margin of Paper and Paper Board segment rose from negative 5.20% to 11.87%. PBIT margin of Telecommunication Cable segment fell from 11.09% to 7.56%. PBIT margin of Others segment rose from negative 10.90% to 0.08%. Overall PBIT margin rose from 4.52% to 11.67%. Operating profit margin has jumped from 6.87% to 17.42%, leading to 347.70% rise in operating profit to Rs 402.39 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 51.45% to 50.46%. Employee cost decreased from 16.48% to 11.13%. Other expenses fell from 25.58% to 21.32%. Power and Oil fuel cost fell from 13.26% to 11.03%. Other income rose 113.47% to Rs 36.44 crore. PBIDT rose 310.31% to Rs 438.83 crore. Provision for interest fell 31.16% to Rs 41.3 crore. PBDT rose 746.53% to Rs 397.53 crore. Provision for depreciation fell 4.73% to Rs 159.95 crore. Profit before tax reported profit of Rs 237.58 crore compared to loss of Rs 120.94 crore. Share of profit/loss were nil in both the periods. Provision for tax was debit of Rs 32.21 crore, compared to credit of Rs 33.27 crore. Effective tax rate was 13.56% compared to 26.63%.Promoters’ stake was 56.47% as of 31 December 2021 ,compared to 56.20% as of 31 December 2020 .
West Coast Paper Mills: Consolidated
Results |
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2112 (3) |
2012 (3) |
Var.(%) |
2112 (9) |
2012 (9) |
Var.(%) |
2103 (12) |
2003 (12) |
Var. (%) |
Sales |
872.20 |
576.11 |
51 |
2310.30 |
1307.50 |
77 |
2244.53 |
2492.85 |
-10 |
OPM (%) |
18.4 |
10.3 |
|
17.4 |
6.9 |
|
11.3 |
24.7 |
|
OP |
160.26 |
59.07 |
171 |
402.38 |
89.88 |
348 |
252.64 |
616.24 |
-59 |
Other inc. |
10.86 |
5.40 |
101 |
36.44 |
17.07 |
113 |
24.66 |
53.59 |
-54 |
PBIDT |
171.11 |
64.47 |
165 |
438.82 |
106.95 |
310 |
277.30 |
669.83 |
-59 |
Interest |
11.58 |
21.44 |
-46 |
41.30 |
59.99 |
-31 |
70.11 |
74.96 |
-6 |
PBDT |
159.53 |
43.03 |
271 |
397.52 |
46.95 |
747 |
207.19 |
594.87 |
-65 |
Dep. |
53.72 |
57.10 |
-6 |
159.95 |
167.90 |
-5 |
229.35 |
197.86 |
16 |
PBT |
105.81 |
-14.08 |
LP |
237.57 |
-120.94 |
LP |
-22.16 |
397.02 |
-106 |
EO Income |
0.00 |
0.00 |
|
0.00 |
-4.01 |
|
-4.01 |
0.00 |
|
PBT after EO |
105.81 |
-14.08 |
LP |
237.57 |
-124.95 |
LP |
-26.17 |
397.02 |
-107 |
Taxation |
17.39 |
-9.31 |
PL |
32.21 |
-33.27 |
PL |
-21.79 |
-9.48 |
130 |
PAT |
88.42 |
-4.76 |
LP |
205.36 |
-91.68 |
LP |
-4.38 |
406.49 |
-101 |
Minority
Interest (MI) |
10.36 |
-1.88 |
LP |
22.88 |
-13.68 |
LP |
-1.28 |
36.11 |
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Net profit |
78.06 |
-2.88 |
LP |
182.49 |
-78.00 |
LP |
-3.10 |
370.38 |
-101 |
EPS (Rs)* |
# |
# |
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# |
# |
|
-0.4 |
56.1 |
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*
EPS is on current equity of Rs13.2098 crore, Face value of Rs 2 |
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# EPS is
not annualised due to seasonality of business |
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Figures in
Rs crore |
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Source:
Capitaline Corporate Database |
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West Coast Paper Mills: Consolidated Segment
Results |
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Sales |
% to total |
2112 (3) |
2012 (3) |
Var. (%) |
% to total |
2112 (9) |
2012 (9) |
Var. (%) |
% to total |
2103 (12) |
Paper & Paper Board |
96 |
837.41 |
555.19 |
51 |
95 |
2206.31 |
1252.84 |
76 |
96 |
2163.40 |
Telecommunication Cables |
4 |
34.78 |
20.88 |
67 |
4 |
103.75 |
54.49 |
90 |
4 |
80.95 |
Others |
0 |
0.01 |
0.04 |
-64 |
0 |
0.24 |
0.17 |
40 |
0 |
0.17 |
Total Reportable Segment |
100 |
872.20 |
576.11 |
51 |
100 |
2310.30 |
1307.50 |
77 |
100 |
2244.53 |
Less: Inter
segment revenues |
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|
Net sales |
|
872.20 |
576.11 |
51 |
|
2310.30 |
1307.50 |
77 |
|
2244.53 |
PBIT |
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|
Paper & Paper Board |
98 |
116.53 |
5.40 |
2057 |
97 |
261.79 |
-65.10 |
-502 |
84 |
43.32 |
Telecommunication Cables |
2 |
2.36 |
2.04 |
16 |
3 |
7.85 |
6.04 |
30 |
16 |
8.04 |
Others |
0 |
-0.10 |
0.03 |
-479 |
0 |
0.00 |
-0.02 |
-102 |
0 |
-0.09 |
Total |
100 |
118.79 |
7.47 |
1491 |
100 |
269.63 |
-59.08 |
-556 |
100 |
51.27 |
Less: Interest |
|
11.58 |
21.44 |
-46 |
|
41.30 |
59.99 |
-31 |
|
70.11 |
Add: Other
un-allcoable |
-1.40 |
-0.10 |
1292 |
|
9.24 |
-1.87 |
-594 |
|
-3.32 |
PBT |
|
105.81 |
-14.08 |
-852 |
|
237.57 |
-120.94 |
-296 |
|
-22.16 |
Add EO Income |
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|
-4.01 |
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|
-4.01 |
PBT after
Share of profit from JV |
105.81 |
-14.08 |
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|
237.57 |
-124.95 |
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|
-26.17 |
Figures in Rs crore |
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Source:
Capitaline Corporate Database |
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