Orient Paper & Industries Limited reported its audited financial results for the quarter and year ended March 31, 2026, at a Board of Directors meeting held on May 9, 2026. The results were subsequently published in Business Standard (English Daily) and Pratidin (Oriya Daily) on May 11, 2026, pursuant to Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. For Q4, the company recorded a net loss of Rs. 1,094.25 lacs, a notable improvement from the net loss of Rs. 1,807.34 lacs in Q4 of the prior year. For the full year, the net loss stood at Rs. 2,880.56 lacs, narrowing from Rs. 5,465.84 lacs in FY25. The statutory auditors, M/s. B S R & Co. LLP, Chartered Accountants, issued an unmodified audit opinion on the financial results.

Financial Performance Overview

Q4 revenue from operations rose to Rs. 23,147.02 lacs from Rs. 21,927.40 lacs in Q4 FY25, reflecting steady top-line growth on a year-on-year basis. For the full year, revenue from operations grew to Rs. 90,595.14 lacs from Rs. 89,578.83 lacs in FY25. Total income for FY26, including other income of Rs. 1,745.39 lacs, stood at Rs. 92,340.53 lacs compared to Rs. 91,156.15 lacs in the prior year. Total expenses for FY26 increased to Rs. 1,02,682.15 lacs from Rs. 1,00,046.20 lacs, resulting in a full-year loss before tax of Rs. 10,341.62 lacs against Rs. 8,890.05 lacs in FY25. A deferred tax credit of Rs. 7,461.06 lacs (compared to Rs. 3,424.21 lacs in FY25) significantly reduced the net loss for the year.

The following table summarises the key financial metrics for the latest quarter and the full year:

Segment-Wise Performance

The company operates across two business segments: Paper & Tissue and Chemicals. For FY26, the Paper & Tissue segment reported revenue of Rs. 74,218.73 lacs, compared to Rs. 75,130.28 lacs in FY25, while the Chemicals segment grew to Rs. 17,699.58 lacs from Rs. 16,186.81 lacs. At the segment results level, Paper & Tissue recorded a loss of Rs. 8,340.30 lacs in FY26 versus a loss of Rs. 5,515.73 lacs in FY25, whereas the Chemicals segment posted a profit of Rs. 2,170.60 lacs against Rs. 1,792.91 lacs in the prior year.

Balance Sheet Highlights

As at March 31, 2026, total assets stood at Rs. 2,17,949.42 lacs, down from Rs. 2,40,787.39 lacs as at March 31, 2025. Non-current assets were Rs. 1,96,666.51 lacs and current assets were Rs. 21,282.91 lacs. Total equity declined to Rs. 1,46,819.90 lacs from Rs. 1,53,507.86 lacs, reflecting the losses for the year. Total liabilities reduced to Rs. 71,129.52 lacs from Rs. 87,279.53 lacs, driven primarily by a reduction in current borrowings from Rs. 25,177.24 lacs to Rs. 15,044.48 lacs.

Cash Flow Summary

For the year ended March 31, 2026, net cash used in operating activities was Rs. 2,674.39 lacs, compared to Rs. 1,225.07 lacs in FY25. Investing activities generated net cash of Rs. 16,415.08 lacs, largely driven by proceeds from the sale of investments in equity shares amounting to Rs. 20,976.11 lacs. Financing activities used net cash of Rs. 13,780.19 lacs, primarily on account of net repayment of short-term borrowings of Rs. 12,855.43 lacs. Cash and cash equivalents at the end of the year stood at Rs. 56.74 lacs, compared to Rs. 96.24 lacs at the beginning of the period.

Tax Treatment and Labour Code Impact

During the year, the company exercised the option under Section 115BAA of the Income-tax Act, 1961, recognising the full impact in the quarter ended June 30, 2025. Consequently, tax expenses for FY26 include a credit of Rs. 4,848.71 lacs, and other comprehensive income includes a charge of Rs. 525.91 lacs on account of this change. Additionally, the company assessed and disclosed the incremental impact of the four Labour Codes notified by the Government of India on November 21, 2025, amounting to Rs. 376.74 lacs under employee benefits expenses for the quarter ended December 31, 2025 and the year ended March 31, 2026.

Cost Auditor Appointment

The Board approved the appointment of Mr. Somnath Mukherjee, Cost Accountant, as Cost Auditor for FY2026-27, at a remuneration of Rs. 75,000/- per year plus actual travelling and out-of-pocket expenses, subject to ratification by shareholders at the upcoming Annual General Meeting. Mr. Mukherjee is a fellow member of the Institute of Cost Accountant of India (ICWAI) with 45 years of post-qualification experience in cost and management accountancy. He has previously served as a member of the Central Council of ICWAI from 2007 to 2011 and as a member of the Cost Accounting Standards Board and the Cost Audit & Assurance Standards Board.

Orient Paper & Industries Limited has announced a board meeting scheduled for May 9, 2026, to consider and approve crucial financial documents for the fiscal year 2026. The company issued an official notice on April 10, 2026, informing stock exchanges about this important corporate governance milestone.

Meeting Details and Purpose

The board meeting has been convened specifically to review and approve the company's audited accounts and annual report for the financial year ended March 31, 2026. This meeting represents a key regulatory requirement under corporate governance norms.

Regulatory Compliance

The meeting notice was issued pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where material business decisions will be considered.

Official Communication

Company Secretary R.P. Dutta (ACS 14337) signed the official communication that was sent to both major Indian stock exchanges. The digitally signed document was transmitted on April 10, 2026, at 17:33:36 IST, ensuring compliance with regulatory timelines.

Exchange Notifications

The company has formally notified both BSE Limited and National Stock Exchange of India Limited about the scheduled board meeting. This dual notification ensures comprehensive market awareness and maintains transparency with all stakeholders regarding the company's financial reporting timeline.