Financial Results - Standalone (₹ lakhs)
Quarterly Performance (Q4 FY26)
- Revenue from Operations: ₹1,385.12 lakhs (Mar-2026) vs ₹1,259.00 lakhs (Mar-2025)
- Total Income: ₹1,403.89 lakhs (Mar-2026) vs ₹1,269.77 lakhs (Mar-2025)
- Profit Before Tax: ₹1,152.79 lakhs (Mar-2026) vs ₹1,060.25 lakhs (Mar-2025)
- Profit After Tax: ₹824.63 lakhs (Mar-2026) vs ₹768.51 lakhs (Mar-2025)
- EPS: ₹1.68 (Mar-2026) vs ₹1.51 (Mar-2025)
Annual Performance (FY26)
- Revenue from Operations: ₹5,117.19 lakhs (FY26) vs ₹4,684.08 lakhs (FY25)
- Total Income: ₹5,185.09 lakhs (FY26) vs ₹4,732.34 lakhs (FY25)
- Profit Before Tax: ₹3,553.01 lakhs (FY26) vs ₹3,345.99 lakhs (FY25)
- Profit After Tax: ₹2,630.13 lakhs (FY26) vs ₹2,464.52 lakhs (FY25)
- EPS: ₹5.01 (FY26) vs ₹4.63 (FY25)
- Net Worth: ₹29,070.35 lakhs (Mar-2026) vs ₹27,439.12 lakhs (Mar-2025)
Financial Results - Consolidated (₹ lakhs)
Quarterly Performance (Q4 FY26)
- Revenue from Operations: ₹1,605.98 lakhs (Mar-2026) vs ₹1,474.68 lakhs (Mar-2025)
- Total Income: ₹1,626.72 lakhs (Mar-2026) vs ₹1,489.54 lakhs (Mar-2025)
- Profit Before Tax: ₹1,023.43 lakhs (Mar-2026) vs ₹1,129.01 lakhs (Mar-2025)
- Profit After Tax: ₹641.84 lakhs (Mar-2026) vs ₹830.91 lakhs (Mar-2025)
- EPS: ₹1.31 (Mar-2026) vs ₹1.62 (Mar-2025)
Annual Performance (FY26)
- Revenue from Operations: ₹6,024.99 lakhs (FY26) vs ₹5,504.13 lakhs (FY25)
- Total Income: ₹6,104.04 lakhs (FY26) vs ₹5,565.44 lakhs (FY25)
- Profit Before Tax: ₹3,713.12 lakhs (FY26) vs ₹3,976.48 lakhs (FY25)
- Profit After Tax: ₹2,661.19 lakhs (FY26) vs ₹2,943.85 lakhs (FY25)
- EPS: ₹5.03 (FY26) vs ₹5.51 (FY25)
- Net Worth: ₹31,047.50 lakhs (Mar-2026) vs ₹29,401.95 lakhs (Mar-2025)
Dividend Declaration
The Board of Directors recommended a final dividend of ₹2.00 per equity share (40%) of face value ₹5 each for FY26, subject to shareholder approval at the Annual General Meeting.
Audit Qualification and Impact
Qualified Opinion Basis
Auditors issued a qualified opinion due to recognition of 'Provision for Contingencies' of ₹1,349 lakhs as at 31st March 2026, accumulated over eleven years with current year charge of ₹120 lakhs. Auditors stated:
- No present obligation, past event, or counterparty identified underlying this provision
- Provision does not comply with Ind AS 37 requirements
- Notes fail to disclose nature of obligation, expected timing of outflows, or basis of estimation
Financial Impact of Qualification
Standalone Results (After Adjustment):
- Total Expenditure: ₹4,817.79 lakhs (vs ₹4,829.79 lakhs reported)
- Net Profit: ₹2,410.61 lakhs (vs ₹2,630.13 lakhs reported)
- EPS: ₹4.60 (vs ₹5.01 reported)
- Total Liabilities: ₹4,310.35 lakhs (vs ₹5,319.83 lakhs reported)
- Net Worth: ₹30,079.83 lakhs (vs ₹29,070.35 lakhs reported)
Consolidated Results (After Adjustment):
- Total Expenditure: ₹57,207.28 lakhs (vs ₹57,327.28 lakhs reported)
- Net Profit: ₹2,441.67 lakhs (vs ₹2,661.19 lakhs reported)
- EPS: ₹4.63 (vs ₹5.03 reported)
- Total Liabilities: ₹5,890.55 lakhs (vs ₹6,900.03 lakhs reported)
- Net Worth: ₹32,056.98 lakhs (vs ₹31,047.50 lakhs reported)
Management's Response
Management defended the provision stating:
- Practice started in 2014-15 with initial ₹15 lakhs quarterly (₹60 lakhs annual)
- Enhanced to ₹30 lakhs quarterly (₹120 lakhs annual) after Board deliberation
- Considered prudent given perceived legal and regulatory uncertainties
- Provision commensurate with company size
- Nature explicitly disclosed in notes annually
Segment Information (Consolidated FY26)
- Latex Rubber Thread: Revenue ₹5,046.20 lakhs, Segment Results ₹343.30 lakhs
- Corrugated Carton Box: Revenue ₹1,242.02 lakhs, Segment Results ₹12.35 lakhs
- Paper Tissue: Revenue ₹945.69 lakhs, Segment Results ₹56.12 lakhs
- Total Segment Revenue: ₹6,024.99 lakhs after inter-segment elimination
Subsidiary Information
Consolidated results include wholly-owned subsidiary Premier Tissues India Limited (Paper Tissue segment) with:
- Total Assets: ₹6,796.60 lakhs
- Total Revenues: ₹9,573.93 lakhs
- Net Profit: ₹31.30 lakhs
- Comprehensive Income: ₹14.55 lakhs
- Cash Flows (net): ₹(17.78) lakhs