The Board of Directors of The South India Paper Mills Limited approved the Audited Financial Results for the Quarter/Year ended 31st March 2026 at their meeting held on 28th May 2026. The meeting commenced at 2:00 PM and concluded at 5:30 PM.

Financial Performance (₹ in Lakhs)

Quarter Ended 31st March 2026 (Audited):

  • Revenue from operations: ₹11,398.69
  • Other Income: ₹30.48
  • Total Income: ₹11,429.17
  • Total Expenses: ₹10,818.90
  • Profit before tax: ₹610.27
  • Tax expenses: ₹153.06 (including current tax of ₹0.84 and deferred tax charge of ₹153.90)
  • Profit for the period: ₹457.21
  • Other Comprehensive Income: ₹35.97 (net of tax)
  • Total Comprehensive Income: ₹493.18
  • Basic EPS: ₹2.44
  • Diluted EPS: ₹2.44

Financial Year Ended 31st March 2026 (Audited):

  • Revenue from operations: ₹43,381.21
  • Other Income: ₹67.99
  • Total Income: ₹43,449.20
  • Total Expenses: ₹42,014.33
  • Profit before tax: ₹1,434.87
  • Tax expenses: ₹360.76
  • Profit for the year: ₹1,074.11
  • Other Comprehensive Income: ₹35.97 (net of tax)
  • Total Comprehensive Income: ₹1,110.08
  • Basic EPS: ₹5.73
  • Diluted EPS: ₹5.73

Comparative Performance:

The company showed significant improvement from FY25 which had a net loss of ₹964.07 lakhs. Revenue grew 17.5% from ₹36,931.47 lakhs in FY25 to ₹43,381.21 lakhs in FY26.

Balance Sheet Position as at 31st March 2026 (₹ in Lakhs)

  • Total Assets: ₹44,872.60
  • Inventories: ₹7,637.01
  • Trade receivables: ₹212.94
  • Cash and cash equivalents: ₹122.36
  • Other bank balances: ₹56.90
  • Other Financial Assets: ₹554.82
  • Other Current Assets: ₹13,333.24
  • Assets classified as held for sale: ₹519.71
  • Total Equity: ₹22,228.43
  • Equity share capital: ₹1,875.00
  • Other equity: ₹20,353.43
  • Total Liabilities: ₹22,644.17
  • Non-current borrowings: ₹7,162.72
  • Other Financial Liabilities (non-current): ₹2,613.31
  • Provisions (non-current): ₹82.63
  • Deferred tax liabilities: ₹670.75
  • Current borrowings: ₹8,426.84
  • Trade payables: ₹2,315.21
  • Other Financial Liabilities (current): ₹220.43
  • Other current liabilities: ₹724.71
  • Provisions (current): ₹427.57

Cash Flow Statement for Year Ended 31st March 2026 (₹ in Lakhs)

  • Net cash from operating activities: ₹4,255.45
  • Net cash used in investing activities: ₹(148.15)
  • Net cash used in financing activities: ₹(3,897.08)
  • Net increase in cash: ₹210.22
  • Cash at beginning of year: ₹125.08
  • Cash at end of year: ₹335.30

Key Notes and Disclosures

1. The Government of India notified the New Labour Codes with effect from 21.11.2025. The company's existing employee emolument structure is broadly in line with requirements, and no material impact is currently envisaged.

2. Based on Ind AS 108 Operating Segments, the company operates in a single segment: Paper and Paper Products.

3. Number of investor complaints pending at beginning and end of quarter: Nil. Complaints received and resolved during quarter: Nil.

4. The financial results include the quarter ended 31st March 2026 as a balancing figure between audited full year figures and published unaudited year-to-date figures up to Q3.

5. Exceptional items for quarter ended 31st December 2024 and year ended 31.03.2025 represent insurance claims on account of fire incident during FY 2023-2024.

6. The results were audited by statutory auditors M/s B S Ravikumar and Associates, reviewed by the Audit Committee, and approved by the Board on 28.05.2026.