Financial Results Approval

The Board approved the Audited Financial Results for the quarter and financial year ended 31st March, 2026. The statutory auditors, Lodha & Co LLP, issued an unmodified opinion on the financial results.

Key Financial Figures (Year Ended 31st March, 2026)

  • Revenue From Operations: ₹40,993.82 lakhs (compared to ₹43,633.50 lakhs in previous year)
  • Total Income: ₹43,358.08 lakhs (compared to ₹46,027.42 lakhs in previous year)
  • Profit Before Tax: ₹3,422.77 lakhs (compared to ₹5,344.31 lakhs in previous year)
  • Tax Expense: ₹147.43 lakhs (Current Tax: ₹916.47 lakhs, For Earlier Year: ₹(121.70) lakhs, Deferred Tax: ₹(647.34) lakhs)
  • Profit for the Year: ₹3,275.34 lakhs (compared to ₹4,114.45 lakhs in previous year)
  • Total Comprehensive Income: ₹3,285.79 lakhs (compared to ₹3,987.04 lakhs in previous year)
  • Earnings Per Share (Basic & Diluted): ₹20.98 (compared to ₹26.36 in previous year)
  • Paid-up Equity Share Capital: ₹1,560.83 lakhs (Face value ₹10 each)
  • Other Equity: ₹69,269.06 lakhs (compared to ₹66,529.56 lakhs in previous year)

Key Financial Figures (Quarter Ended 31st March, 2026)

  • Revenue From Operations: ₹11,258.51 lakhs
  • Total Income: ₹10,702.01 lakhs
  • Profit Before Tax: ₹(348.53) lakhs (loss)
  • Tax Expense: ₹(219.38) lakhs (Current Tax: ₹240.66 lakhs, For Earlier Year: ₹(121.70) lakhs, Deferred Tax: ₹(338.34) lakhs)
  • Profit for the Quarter: ₹(129.15) lakhs (loss)
  • Total Comprehensive Income: ₹(154.06) lakhs (loss)
  • Earnings Per Share (Basic & Diluted): ₹(0.83) (loss)

Dividend Recommendation

The Board recommended a final dividend of ₹2.50 per equity share (25%) of face value ₹10 each for FY 2025-26, subject to approval of shareholders at the ensuing Annual General Meeting. The estimated dividend payout amounts to ₹390.21 lakhs.

Auditor Appointments

  • Internal Auditor: Appointed M/s. PKMB & Co., Chartered Accountants, New Delhi as Internal Auditor for FY 2026-27. The firm has over 39 years of experience with branches in New Delhi, Noida, Kanpur and Kolkata.
  • Cost Auditor: Appointed M/s. K.B. Saxena & Co., Cost Accountants, Lucknow as Cost Auditors for FY 2026-27 at remuneration of ₹0.50 lakh plus tax and out of pocket expenses, subject to ratification by shareholders.

Significant Notes to Financial Results

1. Other income includes unrealized gain/(loss) on fair valuation of Investments in Mutual Fund units: ₹409.25 lakhs for year ended 31 March, 2026 and ₹(1,223.10) lakhs for quarter ended 31 March, 2026.

2. Other income includes insurance claim of ₹384.00 lakhs received subsequent to balance sheet date against loss of building and machinery due to fire in finishing house in earlier year.

3. During the year, ₹490.00 lakhs was written back from deferred tax liabilities due to reassessment of carrying value considering variation in indexation scheme and tax rates.

4. The company operates in a single segment of Paper, Paper Board and related products.

5. Figures for previous periods have been reclassified/rearranged/regrouped where necessary.

Cash Flow Statement Highlights (Year Ended 31st March, 2026)

  • Net Cash from Operating Activities: ₹2,909.36 lakhs
  • Net Cash used in Investing Activities: ₹(3,563.66) lakhs
  • Net Cash used in Financing Activities: ₹(676.73) lakhs
  • Net Decrease in Cash: ₹(1,331.03) lakhs
  • Cash and Cash Equivalents at Year End: ₹933.59 lakhs

Balance Sheet Highlights (As at 31st March, 2026)

  • Total Assets: ₹83,770.75 lakhs
  • Non-current Assets: ₹45,775.96 lakhs
  • Current Assets: ₹37,994.79 lakhs
  • Total Equity: ₹70,829.89 lakhs
  • Non-current Liabilities: ₹8,133.56 lakhs
  • Current Liabilities: ₹4,807.30 lakhs