Western India Plywoods Announces Audited Financial Results for FY 2025-26; Recommends ₹1 Dividend Per Share
Western India Plywoods Limited (WIPL) announced its audited Standalone and Consolidated financial results for the year ended March 31, 2026, on May 25, 2026. The Board of Directors of the company also recommended a dividend of ₹1 per equity share for declaration at the forthcoming Annual General Meeting.The audited financial results provide a detailed look at the company's operational performance and financial position for the quarter and the full financial year ending March 31, 2026.
Standalone Financial Performance (Quarter and Year Ended March 31, 2026)
For the year ended March 31, 2026, WIPL recorded total income of 11,848 lakhs, compared to 11,524 lakhs in the previous year. Total expenses for the period were 11,504 lakhs, resulting in a net profit of 243 lakhs.Key highlights from the standalone financials include:
- Total Income: 11,848 lakhs (FY 2026)
- Net Profit/(Loss) for the period: 243 lakhs (FY 2026)
- Total Comprehensive Income for the period: 211 lakhs (FY 2026)
- Earnings per share (Basic): 2.87 per share (FY 2026)
The company's standalone balance sheet shows total assets of 7,674 lakhs as of March 31, 2026, compared to 8,401 lakhs in the previous year. Total equity stands at 5,480 lakhs.
| Standalone Financial Results | Quarter Ended 31.03.2026 (Audited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|
| Total Income | 2.873 | 11,848 |
| Total Expenses | 2,830 | 11,504 |
| Net Profit/(Loss) for the period | 29 | 243 |
| Total Comprehensive Income | (14) | 211 |
| Total Assets | 4,679 | 7,674 |
| Total Equity | 5,480 |
Material Note on Standalone Operations
The auditor noted an impairment assessment concerning the company's investment in Mayabandar Doors Limited, whose operations at Mysore suspended on February 12, 2026. The management determined that no impairment provision was necessary for this investment as of March 31, 2026.Consolidated Financial Performance (Quarter and Year Ended March 31, 2026)
The consolidated results include the financials of the Holding Company and its four subsidiaries: Kohinoor Saw Mills Co. Ltd, Mayabandar Doors Limited, ERA & WIP Timber JV SDN. BHD, and Southern veneers and Wood Works Limited.For the year ended March 31, 2026, the group reported total income of 11,973 lakhs and a net profit of 329 lakhs. Total assets stood at 7,112 lakhs, with total equity at 4,444 lakhs.
| Consolidated Financial Results | Quarter Ended 31.03.2026 (Audited) | Year Ended 31.03.2026 (Audited) |
|---|---|---|
| Total Income | 2,891 | 11,973 |
| Net Profit/(Loss) for the period | 45 | 329 |
| Total Comprehensive Income | 352 | |
| Total Assets | 4,189 | 7,112 |
| Total Equity | 4,444 |
Key Operational Developments in the Group
The auditor highlighted two major points regarding the consolidated results:1. Subsidiary Closure: Mayabandar Doors Limited suspended and closed its factory at Mysore on February 12, 2026. The management has assessed the asset impairment, concluding that no impairment loss is required as the recoverable amount is higher than the carrying amount.
2. Employee Benefit Provision: Due to the suspension and closure of the subsidiary’s operations, the subsidiary recognized an additional provision amounting to 39.92 lakhs towards employee benefit obligations.
The Group has also factored in an estimated incremental liability of 230.59 lakhs, related to new Labour Codes, which was recognized as employee benefit expense in the financial results for the year ended March 31, 2026.
Financial Summary Tables
The following tables detail the audited Standalone and Consolidated Standalone Financial Results for the reporting periods.Statement of Audited Standalone Financial Results (₹ in Lakhs)
| Particulars | 31.03.2026 (Audited) | 31.03.2026 (Audited) (Year Ended) |
|---|---|---|
| Revenue from operations | 2,832 | 11,763 |
| Other income | 41 | 85 |
| Total Income | 2.873 | 11,848 |
| Cost of materials consumed | 1,126 | 4,577 |
| Total expenses | 2,830 | 11,504 |
| Net Profit/(Loss) for the period | 29 | 243 |
| Total Comprehensive Income for the period | (14) | 211 |
Statement of Audited Standalone Assets and Liabilities (₹ in Lakhs)
| Item | As at 31.03.2026 (Audited) | As at 31.03.2025 (Audited) |
|---|---|---|
| Total Assets | 7,674 | 8,401 |
| Non-current Assets | 2,995 | 3,084 |
| Current Assets | 4,679 | 5,317 |
| Total Equity | 5,480 | 5,371 |
| Total Liabilities | 2,194 | 3,030 |
Statement of Consolidated Assets and Liabilities (₹ in Lakhs)
| Item | As at 31.03.2026 (Audited) | As at 31.03.2025 (Audited) |
|---|---|---|
| Total Assets | 7,112 | 7,969 |
| Non-current Assets | 2,923 | 2,923 |
| Current Assets | 4,189 | 5,046 |
| Total Equity | 4,444 | 4,529 |
| Total Liabilities | 2,668 | 3,440 |
The company reported cash and cash equivalents at the end of the year at 119 lakhs (standalone) and 158 lakhs (consolidated).
WIPL Stock Price Movement
Shares of The Western India Plywoods Limited are edging higher to ₹147.4 as of 2:28 PM today, rallying by 3.17% in live trading. The stock is seeing active momentum, with 2,747 shares trading through the market thus 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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