Board Meeting Details

The Meeting of the Board of Directors was held on Friday, November 13, 2026, from 02:00 P.M. to 04:00 P.M. at the registered office of the Company at 4830/24, Prahlad Street Ansari Road, Darya Ganj New Delhi-110002.

The Board approved:

  • Un-audited Financial Results for the Quarter and half year ended September 30, 2026 prepared under Ind-AS
  • Limited Review Report on Un-audited Financial Results for the Quarter and half year ended September 30, 2026 issued by statutory auditor M/s Ashwani Garg & Associates, Chartered Accountants

The results were reviewed by the Audit Committee and subsequently approved by the Board.

Key Financial Results (₹ in Lakhs)

Quarterly Performance (Q2 FY27 vs Q2 FY26)
  • Revenue from Operations: ₹6,542.06 (vs ₹6,224.35 in Q2 FY26)
  • Sale of products: ₹6,533.83 (vs ₹6,215.43)
  • Sale of services: ₹8.23 (vs ₹8.92)
  • Other Income: ₹57.95 (vs ₹30.79)
  • Total Income: ₹6,600.01 (vs ₹6,255.14)
  • Total Expenses: ₹6,427.16 (vs ₹6,127.49)
  • Profit before exceptional items and tax: ₹172.85 (vs ₹127.65)
  • Exceptional Items: None (vs None)
  • Profit before tax: ₹172.85 (vs ₹127.65)
  • Total tax expense: ₹47.87 (vs ₹46.43)
  • Current tax: ₹42.83 (vs ₹19.81)
  • Deferred tax: (₹9.24) (vs (₹10.05))
  • MAT utilization (net): ₹14.28 (vs ₹36.67)
  • Profit for the period: ₹124.98 (vs ₹81.22) - representing a 54% increase YoY
  • Total Comprehensive Income: ₹115.94 (vs ₹73.74)
  • Earnings per share (Basic & Diluted): ₹0.93 (vs ₹0.60)
Half-Yearly Performance (H1 FY27 vs H1 FY26)
  • Revenue from Operations: ₹12,492.17 (vs ₹11,752.68)
  • Other Income: ₹133.21 (vs ₹62.97)
  • Total Income: ₹12,625.38 (vs ₹11,815.65)
  • Total Expenses: ₹12,339.96 (vs ₹11,563.02)
  • Profit before exceptional items and tax: ₹285.42 (vs ₹252.63)
  • Exceptional Items: ₹614.56 (Profit on sale of part of vacant plot of land) (vs None)
  • Profit before tax: ₹899.98 (vs ₹252.63)
  • Total tax expense: ₹136.58 (vs ₹82.95)
  • Profit for the period: ₹763.40 (vs ₹169.68)
  • Total Comprehensive Income: ₹790.98 (vs ₹164.67)
  • Earnings per share (Basic & Diluted): ₹5.65 (vs ₹1.25)
Annual Comparison (FY26 Audited)
  • Revenue from Operations: ₹22,808.36
  • Profit for the year: ₹1,944.69
  • EPS: ₹14.38

Balance Sheet Highlights (as of September 30, 2026)

  • Paid-up equity share capital: ₹1,352.17 lakhs (unchanged)
  • Total Assets: ₹13,713.98 lakhs (vs ₹13,674.25 lakhs as of March 31, 2026)
  • Non-current assets: ₹5,165.82 lakhs (incl. Property, Plant and Equipment: ₹3,140.93 lakhs; Capital work-in-progress: ₹690.03 lakhs)
  • Current assets: ₹8,548.16 lakhs (incl. Inventories: ₹3,333.24 lakhs; Trade receivables: ₹1,868.77 lakhs)
  • Total Equity: ₹6,075.32 lakhs
  • Non-current liabilities: ₹2,371.00 lakhs (incl. Borrowings: ₹2,002.95 lakhs)
  • Current liabilities: ₹5,267.66 lakhs (incl. Borrowings: ₹1,796.01 lakhs; Trade payables: ₹2,028.74 lakhs)

Significant Notes to Accounts

1. Segment Information: The Company operates only in one Business Segment - manufacturing and sale of paper and incidental activities.

2. Solar Power Investment: On April 15, 2026, the Company entered into a power purchase agreement with M/s. Ratan Green Projects One Private Limited (RGPOPL) to procure 8.5 MW(AC) solar power through group captive open access mechanism in Rajasthan. The Company paid ₹93.00 lakhs towards equity subscription for 26.21% of issued and paid up capital of RGPOPL.

3. Tax Regime Change: With effect from FY 2026-27, the Company opted for Section 115BAA of the Income-tax Act, 1961 (concessional tax regime at effective rate of 25.168%). This resulted in remeasurement of deferred tax assets/liabilities and net credit to tax expense of ₹30.87 lakhs as at March 31, 2026.

4. Exceptional Items: Represents profit on sale of part of vacant plot of land - ₹614.56 lakhs for H1 FY27 (₹2,025.75 lakhs for FY26).

5. Labour Code Impact: The New Labour Codes effective from November 21, 2025 resulted in incremental impact of gratuity and long term compensated absences of ₹22.33 lakhs during FY26, disclosed under "Employee Benefit Expense".

Auditor's Review

M/s Ashwani Garg & Associates, Chartered Accountants issued an unmodified limited review report on the unaudited financial results, stating nothing came to their attention causing them to believe the statement contains material misstatement.

Publication

The results will be published in newspapers and are available on the Company's website (www.skpmil.com) and stock exchange website (www.bseindia.com).