Q3 Results: West Coast Paper Plunges 58%, Redtape Sees Profit Booking Despite 43% Jump

• West Coast Paper Mills reported a 58% year-on-year profit decline to Rs 27 crore in Q3, leading to a 5% stock drop.
• Despite the profit fall, West Coast Paper's revenue slightly increased by 3.3% to Rs 1,049.8 crore.
• Redtape's net profit surged by 43.2% to Rs 104.5 crore, with revenue growing 19% to Rs 786.5 crore.
• Redtape's EBITDA increased by 36%, and margins improved from 19% to 21.7%, indicating strong operational efficiency.
• Despite strong Q3 results, Redtape's stock saw profit booking, falling from its day's high of 138 to below 130.