Consolidated profit before tax (PBT) fell 0.18% to Rs 98.25 crore in Q4 FY20 over Q4 FY19. The firm received total tax write back of Rs 47.84 crore in Q4 FY20 as against total tax expense of Rs 41.54 crore in Q4 FY19. The result was announced at the fag end of trading hours on Friday.

West Coast Paper Mills (WCPM), part of Bangur group, is one of the leading player in the Indian Paper Industry.

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Net profit of West Coast Paper Mills rose 110.81% to Rs 119.93 crore in the quarter ended March 2020 as against Rs 56.89 crore during the previous quarter ended March 2019. Sales rose 28.00% to Rs 742.87 crore in the quarter ended March 2020 as against Rs 580.38 crore during the previous quarter ended March 2019.

For the full year,net profit rose 25.13% to Rs 370.38 crore in the year ended March 2020 as against Rs 296.00 crore during the previous year ended March 2019. Sales rose 25.96% to Rs 2492.85 crore in the year ended March 2020 as against Rs 1979.15 crore during the previous year ended March 2019.

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West Coast Paper Mills will hold a meeting of the Board of Directors of the Company on 26 June 2020.

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West Coast Paper Mills has started production at Paper and Duplex Board Division, Dandeli after the Principal Secretary, Department of Commerce and Industries Govt. of Karnataka, notified the Pulp and Paper Industry as Continuous Process Industrial Units and exempted from existing lockdown.

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