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West Coast Paper Mills Ltd. (WCPML) saw its turnover drop to Rs. 2,427 Crores in FY 23-24, down from Rs. 2,605 Crores in the previous year, due to rising wood costs, lower paper prices, and a major Q3 breakdown at its Dandeli facility.
West Coast Paper Mills Ltd. (WCPML) saw its turnover drop to Rs. 2,427 Crores in FY 23-24, down from Rs. 2,605 Crores in the previous year, due to rising wood costs, lower paper prices, and a major Q3 breakdown at its Dandeli facility. Production declined 3.54% to 303,766 MT, while sales volumes dipped 1.74% to 304,950 MT. Despite challenges, Operating EBITDA margin stood at 25.91%. To strengthen operations, WCPML is investing in process improvements, specialty products, and sustainability initiatives. The company also reported exports of 2,297 MT worth Rs. 18 Crores (FOB).
Source Link:- https://thepulpandpapertimes.com/news/industry-news/rising-wood-2204