West Coast Paper Mills Limited reported a consolidated net profit of ₹155.73 crore for the financial year ended March 31, 2026, a decline of 54% compared to ₹335.64 crore in the previous year. Revenue from operations for FY26 stood at ₹4,278.79 crore, a 5% increase from ₹4,062.29 crore in FY25. The board recommended a dividend of ₹3 per share (150%) for the financial year ended March 31, 2026, subject to shareholder approval, lower than the ₹5 per share (250%) declared in the previous year.

Quarterly Performance

For the quarter ended March 31, 2026 (Q4FY26), the company reported a consolidated net profit of ₹53.98 crore, an increase of 82% from ₹29.58 crore in the preceding quarter. Revenue rose 20% quarter-on-quarter to ₹1,245.30 crore. Standalone net profit for Q4FY26 was ₹48.86 crore, compared to ₹18.61 crore in Q3FY26. The statutory auditors, M/s Singhi & Co., Chartered Accountants, issued an audit report with an unmodified opinion on the standalone and consolidated financial results.

Segment Performance

The Paper and Paper Board segment reported revenue of ₹3,93,708.11 lakh for FY26, while the Telecommunication Cables segment recorded revenue of ₹34,164.13 lakh. The company noted that higher volumes with a better product mix and operational efficiency contributed to the improved performance in the current quarter compared to the previous quarter. In the Cable division, the backward integrated draw tower has stabilised and is expected to provide strong operational support to the Optical Fiber Plant.

West Coast Paper Mills has filed its related party transactions on a consolidated basis for the half year ended March 31, 2026, with BSE Limited and National Stock Exchange of India Limited. The disclosure, submitted pursuant to Regulation 23(9) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, outlines financial dealings with promoters, directors, and other related entities. The total value of transactions recorded during the reporting period amounted to ₹1,734.59 lakh.

The transactions primarily include rent paid and reimbursement of expenses to promoter entities, remuneration to key managerial personnel (KMP), and statutory contributions to employee benefit trusts. The audit committee and the board of directors approved the majority of these transactions, while certain remuneration payments were authorized by shareholders and the nomination and remuneration committee (NRC).

Transactions with Promoters and Related Entities

The company engaged in several transactions with promoter group entities and individuals for rent and expense reimbursements. Veer Enterprises Ltd. and Shree Satyanarayan Investment Company Ltd., both identified as promoters, received ₹99.77 lakh and ₹61.62 lakh respectively. Other related parties, such as Siddhi Trade & Holdings Pvt. Ltd. and The Marwar Textiles Agency Pvt Ltd, received ₹10.40 lakh and ₹2.90 lakh respectively for similar purposes.

Rent was also received from Gloster Cables Ltd., a company in which a director is common, amounting to ₹7.14 lakh. Additionally, the Ragnath Bangur Charitable Trust received ₹75.00 lakh towards charity and donations.

Remuneration and Sitting Fees

Key managerial personnel and directors received significant remuneration and sitting fees during the period. Shri Shree Kumar Bangur, Chairman and Managing Director, received ₹495.38 lakh, while Shri Virendraa Bangur, Joint Managing Director, received ₹283.02 lakh. Shri Rajendra Jain, Executive Director, was paid ₹135.75 lakh.

The CFO, Shri Rajesh Bothra, and Company Secretary Shri Brajmohan Prasad received ₹31.80 lakh and ₹20.19 lakh respectively, approved by the NRC. Independent directors and non-executive directors received sitting fees ranging from ₹1.00 lakh to ₹3.60 lakh, approved by the board of directors.

Statutory Contributions

The company recorded statutory transactions in the ordinary course of business. The Gratuity Fund of West Coast Paper Mills Ltd received ₹228.98 lakh, while the PF Trust of Andhra Paper Ltd received ₹52.09 lakh towards post-employment benefit plans.