West Coast Paper Mills shares climbed as much as 6% on Wednesday, touching a fresh 52 week high of ₹645 on the NSE after strong Q1 results.

Consolidated net profit for Q1FY27 rose 145.4% year on year to ₹133.5 crore, up from ₹54.4 crore in the same quarter last year. Revenue grew a more modest 10.1% to ₹1,051.3 crore from ₹954.7 crore.

EBITDA jumped 84.2% to ₹203.5 crore, and the margin expanded sharply to 19.4% from 11.6% a year earlier. That single quarter alone accounts for nearly 85% of the entire net profit the company had reported for the whole of FY26.

The gains came from both sides of the business. The paper and paperboard segment brought in revenue of ₹899.1 crore, up slightly from ₹880.7 crore, with segment profit rising to ₹103 crore from ₹85.3 crore.

The telecommunications cables business did far better, with revenue more than doubling to ₹152.2 crore from ₹73.9 crore, while segment profit jumped to ₹74 crore from just ₹0.45 crore a year ago.

Chairman and Managing Director S.K. Bangur credited the turnaround to better operational efficiency and higher realisations in the paper business, along with an improved product mix in the cable division.

There was also an update on a subsidiary issue that had disrupted output earlier this year. Andhra Paper’s Kadiyam unit was shut from late April after what the company called an illegal strike by some contract workers, followed by a formal lockout through most of May.

Operations partially resumed in mid July once most workers returned, and the plant is now running at around 93% of normal capacity.

Separately, the company has set its 71st annual general meeting for August 17 and recommended a final dividend of ₹3 per share for FY26.

West Coast Paper closed the day at ₹616.90 on the NSE, up 3.32%.

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