Western India Plywoods Q1 Results ₹2,499 Lakhs Revenue and ₹15 Lakhs Net Profit Achieved

Western India Plywoods Q1 Results: Western India Plywoods announced its Q1 results for the financial year 2024-2025 on 12 August 2024, showing a slight dip in performance compared to the previous quarter.

The company's revenue from operations stood at ₹2,499 lakhs, marking a marginal decrease of 1.2% from the ₹2,530 lakhs reported in the last quarter (Q4 2023-2024). On a year-over-year (YoY) basis, the revenue saw a slight drop, reflecting a challenging market environment.

The total income for the quarter was ₹2,513 lakhs, down from ₹2,544 lakhs in the previous quarter, representing a 1.2% decline quarter-over-quarter (QoQ). Despite the decrease in revenue, the company managed to keep its expenses under control, with total expenses slightly lower at ₹2,487 lakhs, compared to ₹2,545 lakhs in Q4 2023-2024.

The company reported a net profit of ₹26 lakhs for the quarter, a slight improvement from the loss of ₹1 lakh in the previous quarter, showcasing a recovery in profitability.

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Western India Plywoods Q1 Results 2024 - 2025

Western India Plywoods has released its financial results for the first quarter of the fiscal year 2024-2025. The results reflect a slight decrease in revenue and overall income compared to the previous quarter. Below is a summary of the key financial figures for Q1:

Source: Here

Western India Plywoods Current Market Overview

Western India Plywoods is currently trading at ₹215 per share, with a market capitalization of ₹182 crore. The stock has experienced a high of ₹249 and a low of ₹100 in the past year. The company's P/E ratio is 59.0, indicating that it is priced relatively high compared to its earnings.

Investors receive a small dividend yield of 0.47%, while the company’s ROCE is 10.2% and ROE is 8.00%, showing decent profitability. Overall, Western India Plywoods is performing steadily in the market, with a focus on maintaining its value and returns.

Quarterly Results

Here’s a summary of the quarterly results for Western India Plywoods for the periods of December 2023, March 2024, and June 2024:

About Western India Plywoods

Western India Plywoods, established in 1945, is one of the largest and most well-known plywood and panel product manufacturers in India. The company began with the production of sawn timber and plywood on a modest scale and has since grown to include a wide range of products, including fibreboard, veneers, and other wood-based panels.

With a commitment to quality and innovation, Western India Plywoods serves both domestic and international markets, consistently meeting industry standards. The company is also recognized for its focus on sustainable practices and responsible forestry.

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