Financial Performance Overview

Quarterly Performance (Q4 FY26 vs Q4 FY25)

  • Revenue from operations: ₹300.94 crore (vs ₹277.35 crore in Q4 FY25)
  • Total Income: ₹302.11 crore (vs ₹278.76 crore in Q4 FY25)
  • Profit before tax: ₹18.62 crore (vs ₹36.18 crore in Q4 FY25)
  • Net profit: ₹14.34 crore (vs ₹26.12 crore in Q4 FY25)
  • Basic EPS: ₹1.64 (vs ₹2.99 in Q4 FY25)

Annual Performance (FY26 vs FY25)

  • Revenue from operations: ₹1,093.16 crore (vs ₹1,107.04 crore in FY25)
  • Total Income: ₹1,099.56 crore (vs ₹1,113.12 crore in FY25)
  • Profit before tax: ₹56.55 crore (vs ₹155.38 crore in FY25)
  • Net profit: ₹41.95 crore (vs ₹115.18 crore in FY25)
  • Basic EPS: ₹4.81 (vs ₹13.20 in FY25)
  • Total comprehensive income: ₹41.78 crore (vs ₹115.05 crore in FY25)

Expense Analysis FY26

  • Cost of materials consumed: ₹395.69 crore (up 10.7% from ₹357.41 crore in FY25)
  • Employee benefits expense: ₹92.88 crore (up 15.2% from ₹80.63 crore in FY25)
  • Finance costs: ₹46.36 crore (up 17.9% from ₹39.30 crore in FY25)
  • Depreciation and amortization: ₹65.33 crore (up 21.0% from ₹54.00 crore in FY25)
  • Power and fuel expense: ₹139.91 crore (vs ₹134.01 crore in FY25)
  • Cost of chemicals consumed: ₹205.94 crore (vs ₹193.54 crore in FY25)

Tax Expense

  • Total tax expense for FY26: ₹14.60 crore (vs ₹40.20 crore in FY25)
  • Current tax: ₹0.00 crore (vs ₹25.63 crore in FY25)
  • Deferred tax: ₹14.60 crore (vs ₹14.29 crore in FY25)
  • Adjustment of tax relating to earlier years: ₹0.00 crore (vs ₹0.28 crore in FY25)

Capital Structure

  • Paid-up equity share capital: ₹8.73 crore (unchanged from FY25)
  • Face value: ₹1 per share
  • Total reserves: ₹1,219.59 crore (vs ₹1,203.98 crore in FY25)

Dividend Declaration

  • The Board has proposed a dividend of ₹2.50 per equity share of ₹1 each fully paid up
  • Total dividend amount: ₹21.82 crore
  • Subject to approval at the Annual General Meeting

Cash Flow Statement FY26

  • Net cash from operating activities: ₹219.16 crore (vs ₹176.95 crore in FY25)
  • Net cash used in investing activities: ₹(321.24) crore (vs ₹(314.60) crore in FY25)
  • Net cash from financing activities: ₹133.78 crore (vs ₹76.29 crore in FY25)
  • Acquisition of property, plant and equipment and intangible assets: ₹327.05 crore
  • Proceeds from long-term borrowings: ₹370.25 crore
  • Repayment of long-term borrowings: ₹140.05 crore
  • Dividend paid: ₹26.06 crore
  • Interest paid: ₹45.01 crore

Balance Sheet Position as at 31st March 2026

  • Total assets: ₹2,398.86 crore
  • Non-current assets: ₹2,143.33 crore
  • Current assets: ₹255.53 crore
  • Inventories: ₹131.44 crore
  • Trade receivables: ₹44.27 crore
  • Cash and cash equivalents: ₹40.93 crore
  • Other bank balances: ₹7.55 crore
  • Total equity: ₹1,228.32 crore
  • Non-current liabilities: ₹784.64 crore
  • Borrowings: ₹589.70 crore
  • Lease liabilities: ₹8.93 crore
  • Current liabilities: ₹386.90 crore
  • Borrowings: ₹270.14 crore
  • Trade payables: ₹63.74 crore

Operational and Regulatory Notes

1. The company is engaged solely in the manufacturing and sale of paper, constituting its only operating segment.

2. The Government of India's New Labour Codes effective from November 21, 2025, had an incremental impact assessed as not material and recognized in FY26 results.

3. The company has rounded off financial statements to the nearest crore rupees effective FY 2025-26.

4. The company has no subsidiaries, associates, or joint ventures, making consolidated financial statements not applicable.

5. The statutory auditors, O P Bagla & Co LLP (Firm Regn No. 000018N/N500091), issued an unmodified opinion on the financial results.

Board Meeting Details

  • Meeting date: 26th May, 2026
  • Commencement time: 12:15 p.m.
  • Conclusion time: 16:03 p.m.