The Western India Plywoods Releases Unaudited Financial Results for Quarter Ended June 30, 2026
The Western India Plywoods Limited has announced its unaudited Standalone and Consolidated financial results for the quarter ended June 30, 2026. These results, along with the independent auditor’s review report, have been approved by the Board of Directors.The company's management stated that the reporting is in compliance with the applicable Indian Accounting Standards (Ind AS). The Statutory Auditors confirmed an unmodified opinion on the Audit Report for the quarter ended June 30, 2026.
Standalone Financial Performance
The unaudited standalone financial results reflect operational performance across various income and expense streams. Total Income for the company during the quarter reached 2,703 lakhs. Key expenditure included 980 lakhs on cost of materials consumed and 1,149 lakhs toward other expenses.The Net Profit for the period stands at 26 lakhs. The results are presented across the relevant periods in the table below:
| Financial Metric | Q Ended 30.06.2026 (Unaudited) | Q Ended 31.03.2026 (Audited) | Q Ended 30.06.2025 (Unaudited) | FY Ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 2,651 lakhs | 2,832 lakhs | 2,882 lakhs | 11,763 lakhs |
| Other income | 52 lakhs | 41 lakhs | 9 lakhs | 85 lakhs |
| Total Income | 2,703 lakhs | 2,873 lakhs | 2,891 lakhs | 11,848 lakhs |
| Cost of materials consumed | 980 lakhs | 1,126 lakhs | 1,023 lakhs | 4,577 lakhs |
| Employee benefits expense | 424 lakhs | 465 lakhs | 410 lakhs | 1,702 lakhs |
| Depreciation and amortisation expense | 41 lakhs | 42 lakhs | 42 lakhs | 168 lakhs |
| Other expenses | 1,149 lakhs | 1,166 lakhs | 1,010 lakhs | 4,676 lakhs |
| Net Profit/(Loss) for the period | 26 lakhs | 29 lakhs | 51 lakhs | 243 lakhs |
Consolidated Results Overview
The consolidated unaudited financial results for the quarter ended June 30, 2026, show Total Income at 2,701 lakhs. The company's operations are primarily focused on the manufacture and sale of wood-based products across its group entities.The Group comprises the Parent Company, The Western India Plywoods Limited, and several subsidiaries, including Kohinoor Saw Mills Co.Ltd, Mayabandar Doors Limited, ERA & WIP Timber JV SDN. BHD (Incorporated in Malaysia), and Southern Veneers and Wood Works Limited.
| Consolidated Financial Metric | Q Ended 30.06.2026 (Unaudited) | Q Ended 31.03.2026 (Audited) | Q Ended 30.06.2025 (Unaudited) | FY Ended 31.03.2026 (Audited) |
|---|---|---|---|---|
| Revenue from operations | 2,649 lakhs | 2,850 lakhs | 2,901 lakhs | 11,888 lakhs |
| Other income | 52 lakhs | 41 lakhs | 10 lakhs | 85 lakhs |
| Total Income | 2,701 lakhs | 2,891 lakhs | 2,911 lakhs | 11,973 lakhs |
Operational Status and Accounting Basis
In reviewing the results, the management noted that the factory operations of Mayabandar Doors Limited, a subsidiary of the Group, remain suspended or closed due to operational constraints and financial unviability. The company's management has assessed the investment in this subsidiary and determined that no impairment provision is necessary as the recoverable amount of the investment was not lower than its carrying amount at June 30, 2026.The consolidated results were prepared on a going concern basis regarding the status of the subsidiary factory operations. The review reports for the interim financial results of four subsidiaries, whose total net loss after tax was Rs. 56.89 lakhs, were reviewed by other auditors.
WIPL Stock Price Movement
As of 2:38 PM, shares of The Western India Plywoods Limited are edging higher to ₹169.2, buoyed by a rise of 0.42% in live trading. The stock maintains dynamic movement within the day, as evidenced by an intraday range spanning from ₹165.6 to ₹169.9, with 793 shares traded so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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