Three M Paper Boards reported its audited financial results for the year ended March 31, 2026, showing a rise in revenue but a decline in net profit. The board approved the results during a meeting held on May 27, 2026. Revenue from operations for the year increased to ₹29,718.61 lakh from ₹26,553.41 lakh in the previous year. However, net profit for the year stood at ₹716.98 lakh, compared to ₹999.31 lakh in FY25.

For the half-year ended March 31, 2026, the company recorded a revenue of ₹15,386.04 lakh and a net profit of ₹412.61 lakh. The statutory auditors, M/s. Piyush Kothari & Associates, issued an unmodified opinion on the audited financial results. The filing was made to BSE Limited pursuant to Regulation 30 and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company's total income for FY26 was ₹30,052.60 lakh, up from ₹26,850.88 lakh in the prior year. Total expenses for the year rose to ₹29,406.48 lakh from ₹25,645.06 lakh. Finance costs for the year were ₹659.41 lakh, while depreciation and amortization expenses amounted to ₹804.33 lakh. The basic earnings per share (EPS) for the year decreased to ₹3.73 from ₹5.19 in the previous year.

Balance Sheet Highlights

The company's shareholders' funds improved to ₹11,100.72 lakh as of March 31, 2026, from ₹10,383.74 lakh a year earlier. Reserves and surplus increased to ₹9,176.98 lakh. Non-current liabilities decreased to ₹2,808.01 lakh from ₹3,128.21 lakh. Current liabilities rose significantly to ₹13,240.42 lakh, primarily due to an increase in short-term borrowings to ₹5,407.32 lakh and trade payables to ₹6,447.03 lakh.

On the assets side, property, plant, and equipment grew to ₹10,734.82 lakh from ₹8,529.96 lakh. Inventories increased to ₹5,346.97 lakh, and trade receivables stood at ₹6,314.28 lakh. Cash and cash equivalents decreased marginally to ₹11.99 lakh from ₹13.06 lakh in the previous year.

Three M Paper Boards Limited has informed BSE Limited that operations at its Chiplun Plant, located at F-1, MIDC, Kherdi-Chiplun, Dist. Ratnagiri, Maharashtra, have resumed following the completion of repair and replacement work on the Alternator and AVR (Automatic Voltage Regulator). The update was filed pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and was submitted on May 14, 2026.

Background: Temporary Shutdown Due to Equipment Breakdown

The company had earlier disclosed a temporary halt in operations at the Chiplun Plant after certain parts of the Alternator and AVR suffered a breakdown, directly impacting production activity at the facility. The initial intimation was filed on 11th May, 2026, and was signed by Rushabh Shah, Managing Director of the company.

The following table summarises the key details of the reported development and its resolution:

Operations Restored

Three M Paper Boards confirmed that the required repair and replacement work has now been completed, and the Chiplun Plant has recommenced its activities with effect from May 14, 2026. The resumption intimation was digitally signed by Rushabh Shah, Managing Director (DIN: 01874177), on May 14, 2026.

Company Background

Three M Paper Boards Limited, formerly known as "Three M Paper Boards Pvt. Ltd." and "Three M Paper Mfg. Co. Pvt. Ltd.", is engaged in the manufacture of Coated Duplex Board and Both Side Coated White Board. The company's registered office is located at Royal Industrial Estate, Office No. A-33/34, 5B Naigaon Cross Road, Wadala, Mumbai, Maharashtra.