Financial Results for Quarter Ended September 30, 2026

Income Statement Highlights:

  • Revenue from operations: ₹41,170.88 lakhs (₹411.71 crore)
  • Other income: ₹249.89 lakhs
  • Total income: ₹41,420.77 lakhs
  • Total expenses: ₹41,570.12 lakhs
  • Profit before tax: (₹149.35) lakhs (loss)
  • Tax expense: (₹85.75) lakhs (deferred tax benefit)
  • Net profit after tax: (₹63.60) lakhs (loss)
  • Earnings per share (basic & diluted): (₹0.05)

Comparative Performance:

  • Previous quarter (Q1 FY27): Net profit of ₹122.92 lakhs
  • Corresponding quarter previous year (Q2 FY26): Net loss of ₹611.86 lakhs
  • Year-to-date (H1 FY27): Net profit of ₹59.32 lakhs
  • Year-to-date previous year (H1 FY26): Net loss of ₹4,074.22 lakhs

Segment-wise Performance (Q2 FY27)

Revenue Breakdown:

  • Plywood and allied products: ₹3,989.23 lakhs
  • Medium density fibreboards and allied products: ₹37,181.65 lakhs
  • Total revenue: ₹41,170.88 lakhs

Segment Results before Tax and Interest:

  • Plywood and allied products: ₹260.60 lakhs profit
  • Medium density fibreboards and allied products: ₹3,121.00 lakhs profit
  • Total segment result: ₹3,381.60 lakhs profit

Balance Sheet Position as at September 30, 2026

Assets: ₹2,05,049.62 lakhs

  • Non-current assets: ₹1,43,104.34 lakhs
  • Current assets: ₹61,945.28 lakhs

Equity and Liabilities:

  • Total equity: ₹1,35,033.83 lakhs
  • Non-current liabilities: ₹36,848.33 lakhs
  • Current liabilities: ₹33,167.46 lakhs

Management Appointment

The Board of Directors approved the appointment of Mr. Saurabh Sinha as Chief Sales Officer (Senior Management Personnel) effective November 2, 2026, based on the recommendation of the Nomination and Remuneration Committee.

Mr. Saurabh Sinha's Profile:

  • Seasoned business and commercial leader with over 22 years of experience
  • Expertise in P&L management, sales, distribution, and go-to-market transformation
  • Previously held leadership positions at Havells India Ltd. and Philips Electronics India Ltd.
  • Not related to any directors of the company

Foreign Exchange Impact

The company reported foreign exchange fluctuation loss/(gain) of ₹250.08 lakhs for the quarter, comprising ₹251.15 lakhs in finance costs and (₹1.07) lakhs in other expenses, primarily related to long-term borrowings for the MDF Plant at Andhra Pradesh.