Genus Paper FY26 net profit rises 80% to ₹145.77 crore
Genus Paper & Boards reported an 80.4% rise in FY26 net profit to ₹145.77 crore, driven by a 10.7% increase in revenue to ₹9,399.68 crore and lower depreciation expenses. The board approved the audited results on May 26, 2026, while the auditors noted a fire at the Muzaffarnagar unit and a revision in asset useful life.
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Genus Paper & Boards reported an 80.4% increase in net profit to ₹145.77 crore for the financial year ended March 31, 2026, compared to ₹80.79 crore in the previous year. Revenue from operations grew 10.7% to ₹9,399.68 crore from ₹8,491.46 crore in FY25. The company’s board approved the audited financial results on May 26, 2026, following a recommendation by the audit committee.
For the quarter ended March 31, 2026, net profit stood at ₹37.98 crore, a 21.3% increase from ₹31.30 crore in the corresponding period of the previous year. Quarterly revenue from operations was relatively flat at ₹2,260.86 crore against ₹2,245.85 crore in Q4FY25. The statutory auditors, Jethani & Associates, issued an audit report with an unmodified opinion on the results.
Financial Performance
The company benefited from a change in accounting estimates regarding the useful life of plant and machinery, which reduced depreciation expenses. Depreciation for the year was lower by ₹429.57 lakh, and for the quarter by ₹230.10 lakh, resulting in a corresponding increase in profit. Total expenses for FY26 increased to ₹9,257.26 crore from ₹8,425.87 crore in the previous year.
| Metric | FY26 (₹ crore) | FY25 (₹ crore) | Change |
|---|---|---|---|
| Revenue from operations | 9,399.68 | 8,491.46 | +10.7% |
| Net profit | 145.77 | 80.79 | +80.4% |
| Total expenses | 9,257.26 | 8,425.87 | +9.9% |
| Earnings Per Share (Basic) | 0.57 | 0.31 | +83.9% |
Operational and Strategic Updates
During the quarter, the company divested its 100% equity stake in its wholly-owned subsidiary, Genus Paper and Coke Limited, effective March 6, 2026. Consequently, the financial results for the current quarter and year, as well as comparative periods, are presented on a standalone basis. The company operates across two reportable segments: Paper Business and Strategic Investment Activity.
Auditor’s Emphasis of Matter
The auditors drew attention to two significant events. First, the revision in the estimated useful life of certain plant and machinery based on a technical evaluation. Second, a major fire occurred at the stock yard of the Muzaffarnagar unit on May 24, 2026, damaging inventories and other assets. The company is assessing the loss and lodging insurance claims, but the financial impact could not be reasonably ascertained at the time of reporting, so no adjustment was made in the results.
Historical Stock Returns for Genus Paper & Boards
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.64% | -1.02% | -8.35% | -12.85% | -37.25% | +37.17% |
What is the estimated financial impact of the Muzaffarnagar unit fire, and when will insurance claims be settled?
How will the divestment of Genus Paper and Coke Limited affect the company's future revenue streams and strategic focus?
Is the change in the useful life of plant and machinery a one-time adjustment, or will it continue to boost profitability in future periods?
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