The board of The Western India Plywoods Limited had recommended a dividend of INR 0.90 per equity share of face value of INR 10 each for declaration at the forthcoming Annual General Meeting of the company, which shall thereafter be paid within the statutory time limit thereof.

The company announced audited standalone earnings results for the fourth quarter and full year and audited consolidated earnings results for the year ended March 31, 2019. For the quarter, on standalone basis, the company reported revenue from operations was INR 237.8 million against INR 239.8 million a year ago. Total income was INR 238.1 million against INR 245.2 million a year ago. Net Profit for the period was INR 3.6 million or INR 0.43 per basic and diluted share compared with INR 11.2 million or INR 1.32 per basic and diluted share a year ago.

For the year, on standalone basis, the company reported revenue from operations was INR 979.7 million against INR 900.1 million a year ago. Total income was INR 984.9 million against INR 927.9 million a year ago. Net Profit for the period was INR 21.5 million or INR 2.53 per basic and diluted share compared with INR 18.4 million or INR 2.34 per basic and diluted share a year ago.

For the year, on consolidated basis, the company reported revenue from operations was INR 1,013.1 million against INR 943.1 million a year ago. Total income was INR 1,018.3 million against INR 974.0 million a year ago. Net Profit for the period was INR 10.2 million or INR 1.20 per basic and diluted share compared with INR 8.5 million or INR 1.17 per basic and diluted share a year ago.