Orient Press Q1 Results: Net loss widens 58% YoY to ₹1.25 crore
Orient Press Limited reported a standalone net loss of ₹1.25 crore for Q1FY27, widening from ₹0.79 crore in Q1FY26, as revenue fell 18% YoY to ₹2,152.77 lakh. The flexible packaging segment dragged down performance with a loss of ₹1.93 crore, while printing remained profitable. The Board also approved the re-appointment of three directors and new cost auditors for FY27.
*this image is generated using AI for illustrative purposes only.
Orient Press reported a widened net loss of ₹1.25 crore for the first quarter of FY27 (Q1FY27), ending June 30, 2026, compared to a net loss of ₹0.79 crore in the corresponding period of the previous year. The deterioration in profitability was driven by an 18% year-on-year decline in revenue from operations, which stood at ₹2,152.77 lakh against ₹2,624.59 lakh in Q1FY26. This marks the company's second consecutive quarterly loss, following a net profit of ₹0.30 crore in the preceding quarter ended March 31, 2026.
The Board of Directors approved the unaudited financial results on August 11, 2026. Statutory Auditors M/s. Sarda&Pareek LLP issued a limited review report on the results, confirming compliance with Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial statements were prepared in accordance with Ind AS 34 'Interim Financial Reporting' and other recognized accounting principles.
Segment Performance
The decline in overall revenue was largely attributed to the flexible packaging segment, which saw its revenue drop to ₹1,169.25 lakh from ₹1,224.06 lakh in Q1FY25. This segment also contributed significantly to the operating loss, reporting a segment result of (₹193.61) lakh, compared to a loss of (₹216.82) lakh in the prior year quarter. In contrast, the printing segment remained profitable with a segment result of ₹116.47 lakh, though revenue declined sharply to ₹414.16 lakh from ₹980.22 lakh. The paper board packaging segment showed growth, with revenue rising to ₹565.11 lakh from ₹417.27 lakh and posting a positive segment result of ₹38.70 lakh.
| Segment | Revenue (₹ Lakh) | Segment Result (₹ Lakh) |
|---|---|---|
| Printing | 414.16 | 116.47 |
| Flexible Packaging | 1,169.25 | (193.61) |
| Paper Board Packaging | 565.11 | 38.70 |
| Others | 4.38 | (7.65) |
| Total | 2,152.90 | (46.09) |
What the Numbers Show
A critical divergence exists between the company’s top-line revenue and its bottom-line loss expansion. While revenue contracted by approximately 18%, the net loss widened by nearly 58%. This disproportionate impact stems from fixed cost structures; total expenses decreased only marginally to ₹2,425.29 lakh from ₹2,827.75 lakh, indicating limited operational leverage during the downturn. Furthermore, finance costs remained elevated at ₹145.18 lakh, consuming a significant portion of the positive operating results generated by the printing and paper board segments. The flexible packaging unit’s continued loss-making status, despite a slight improvement in segment result, suggests ongoing structural challenges in that business line.
Corporate Governance Updates
Alongside the financial results, the Board approved several administrative matters. The company appointed M/s. Bhanwarlal Gurjar & Co., CMA, Surat, as Cost Auditors for the financial year 2026-27, subject to shareholder approval. This appointment was disclosed under Regulation 30 - Part A of Para A of Schedule III of SEBI LODR Regulations 2015.
The Board also recommended the re-appointment of three key executives for three-year terms, pending shareholder approval at the ensuing Annual General Meeting:
- Ramvilas Maheshwari: Re-appointed as Managing Director for the term October 1, 2026, to September 30, 2029.
- Rajaram Maheshwari: Re-appointed as Whole-time Director (Executive Director) for the term October 1, 2026, to September 30, 2029.
- Prakash Maheshwari: Re-appointed as Whole-time Director for the term November 1, 2026, to October 31, 2029.
Disclosure under Regulation 30 of SEBI LODR Regulations 2015 notes familial relationships among the directors: Ramvilas Maheshwari is the brother of Rajaram Maheshwari and the father of Prakash Maheshwari.
Historical Stock Returns for Orient Press
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.61% | +0.98% | +9.86% | +22.83% | -14.42% | +0.35% |
What specific strategic measures is Orient Press implementing to reverse the revenue decline in the flexible packaging segment, which continues to drag down overall profitability?
How does the company plan to address its high fixed cost structure and elevated finance costs to improve operational leverage in the coming quarters?
Given the sharp 57% drop in printing segment revenue despite maintaining profitability, are there signs of broader demand contraction or pricing pressure in the commercial printing market?
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