Banganga Paper Industries Limited (BPIL) has released its financial results for the second quarter of the fiscal year 2026, showcasing a mixed performance across its consolidated and standalone operations.

Consolidated Performance

BPIL reported a consolidated net profit of ₹20.98 lakh for Q2 FY2026, demonstrating the company's ability to maintain profitability at the group level. The consolidated revenue stood at ₹2,412.03 lakh, marking a significant increase from ₹1,687.89 lakh in the same quarter of the previous year.

Standalone Operations

In contrast to the consolidated results, BPIL's standalone operations recorded a loss of ₹3.14 lakh for the quarter. This divergence highlights the varying performances within the company's structure.

Key Financial Highlights

Subsidiary Performance

The substantial growth in consolidated revenue can be primarily attributed to the operations of Banganga Paper Mills Limited, a subsidiary of BPIL. This subsidiary appears to be a key driver of the group's overall financial performance.

Management Actions

As per the LODR data, the Board of Directors convened on November 15, 2025, to approve the unaudited financial results for the quarter ended September 30, 2025. The board meeting, which commenced at 4:00 PM and concluded at 8:45 PM, also authorized Mr. Chetan Karbhari Dhatrak, a director of the company, to sign the statement of unaudited financial results.

Compliance and Transparency

BPIL, formerly known as Inertia Steel Limited, continues to adhere to regulatory requirements by promptly disclosing its financial results and board meeting outcomes. This transparency is crucial for maintaining investor trust and complying with SEBI regulations.

The contrasting results between consolidated and standalone operations suggest that while the group as a whole is profitable, there may be challenges at the parent company level. Investors and analysts may want to closely monitor the performance of individual entities within the group in future quarters to better understand the dynamics driving these mixed results.

Banganga Paper Industries Limited , a leading kraft paper manufacturer, has announced its Q1 financial results, showcasing robust performance and a continued commitment to sustainability. The company reported a total income of ₹21.17 crore for the quarter, demonstrating a solid start to the fiscal year.

Financial Highlights

Operational Achievements and Sustainability Initiatives

Banganga Paper Industries has made significant strides in its operational and environmental practices:

1. MPCB Certification: The company received approval from the Maharashtra Pollution Control Board to operate its Kraft Paper unit until March 31, 2029, reinforcing its commitment to regulatory compliance and environmental standards.

2. Zero Liquid Discharge: Implementing a 100% water recycling system, the company ensures no wastewater is discharged, significantly reducing its environmental impact.

3. Refuse-Derived Fuel Usage: The incorporation of refuse-derived fuel (RDF) along with coal and agro waste in its 12 TPH boiler has led to reduced emissions and improved operational efficiency.

4. Waste Reuse Initiatives:

   • ETP sludge is repurposed as manure and sold for resource recovery.
   • Boiler ash is sold to brick manufacturers, further minimizing waste.

5. Cost Savings: These sustainable practices are expected to result in savings of ₹500 per tonne of kraft paper produced, enhancing the company's cost competitiveness.

Management Commentary

Mr. Karbhari Dhathrak, Chairman & Managing Director of Banganga Paper Industries Limited, expressed optimism about the company's performance and future prospects. He stated, "We are pleased to report a good start with a Total Income of ₹21.17 Cr in the first quarter. This performance reflects our resilience in navigating market conditions while staying true to our core focus on operational efficiency and sustainable growth."

Dhathrak further emphasized the company's commitment to environmental responsibility, stating, "Our continued investments in environmentally responsible practices such as the use of refuse-derived fuel, zero liquid discharge, and resource recovery from waste not only strengthen our cost competitiveness but also reaffirm our long-term commitment to reducing our environmental footprint."

Looking Ahead

With its strong start and ongoing focus on sustainability, Banganga Paper Industries is well-positioned to capitalize on upcoming opportunities in the kraft paper market. The company's dedication to innovation and environmental stewardship is expected to drive long-term value for customers, shareholders, and the communities it serves.

The unaudited financial results for Q1 were approved by the company's Board of Directors at a meeting held on August 11, which commenced at 04:00 PM and concluded at 09:00 PM. The results have been subject to a limited review by the company's statutory auditors, M/s. Jain Chhajed & Associates, Chartered Accountants, who have issued an unmodified opinion on the financial statements.

As Banganga Paper Industries continues to balance growth with sustainability, investors and industry observers will be keenly watching the company's performance in the coming quarters.