Orient paper & industries Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, revealing mixed performance with revenue growth offset by widening losses. The company's board approved these results at a meeting held on February 11, 2026.

Financial Performance Overview

The company's quarterly performance showed contrasting trends in revenue and profitability metrics:

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Orient Paper & Industries demonstrated improved loss management despite revenue challenges:

Segment-wise Revenue Performance

The company operates through two primary business segments with distinct performance patterns:

Paper & Tissue Segment

• Q3FY26 revenue: ₹194.36 crores vs ₹191.98 crores in Q3FY25
• Nine-month revenue: ₹549.39 crores vs ₹572.66 crores in 9M FY25
• Segment loss for nine months: ₹75.00 crores vs ₹33.18 crores loss in previous year

Chemicals Segment

• Q3FY26 revenue: ₹45.40 crores vs ₹42.09 crores in Q3FY25
• Nine-month revenue: ₹134.64 crores vs ₹117.27 crores in 9M FY25
• Segment profit for nine months: ₹17.71 crores vs ₹11.88 crores in previous year

Cost Structure and Expenses

The company's expense analysis reveals key operational challenges. Total expenses for Q3FY26 stood at ₹267.58 crores compared to ₹252.43 crores in Q3FY25. Major expense categories included:

• Cost of materials consumed: ₹111.93 crores (Q3FY26) vs ₹106.84 crores (Q3FY25)
• Power & fuel expenses: ₹51.30 crores vs ₹53.47 crores
• Employee benefits expenses: ₹28.35 crores vs ₹25.12 crores
• Other expenses: ₹54.86 crores vs ₹57.65 crores

Regulatory and Tax Developments

The company disclosed significant impacts from recent regulatory changes. Following the notification of four Labour Codes by the Government of India on November 21, 2025, Orient Paper & Industries assessed an incremental impact of ₹3.77 crores under employee benefits expenses for the quarter and nine-month period ended December 31, 2025.

Additionally, the company exercised the option under Section 115BAA of the Income-tax Act, 1961 in Q1FY26, resulting in a deferred tax credit of ₹48.49 crores for the nine-month period.

Balance Sheet Position

As of December 31, 2025, the company maintained total assets of ₹2,220.98 crores against total liabilities of ₹690.05 crores. The paid-up equity share capital remained stable at ₹21.22 crores with a face value of Re.1 per share. Basic and diluted earnings per share for Q3FY26 stood at ₹(1.00) compared to ₹(0.49) in the corresponding quarter of the previous year.

Orient Paper & Industries Limited , a prominent player in the paper industry, has released its unaudited financial results for the first quarter. The company demonstrated resilience in a challenging market environment, reporting a net profit despite facing operational headwinds.

Financial Highlights

• Total Income: Orient Paper reported a total income from operations of ₹238.34 crore for Q1, marginally higher than the ₹238.28 crore recorded in the previous quarter.
• Loss Before Tax: The company faced operational challenges, resulting in a loss before tax of ₹17.85 crore.
• Net Profit: Despite the pre-tax loss, Orient Paper managed to achieve a net profit of ₹33.99 crore, a significant improvement from the net loss of ₹6.42 crore in the previous quarter.
• Other Comprehensive Income: A substantial other comprehensive income of ₹71.17 crore boosted the company's financial position.
• Total Comprehensive Income: The combination of net profit and other comprehensive income resulted in a total comprehensive income of ₹105.17 crore for the quarter.
• Earnings Per Share: Basic and diluted earnings per share stood at ₹1.60.

Quarterly Performance Analysis

The company's performance in Q1 presents a mixed picture. While Orient Paper managed to maintain its revenue levels compared to the previous quarter, the loss before tax indicates ongoing operational challenges. However, the significant turnaround in net profit, from a loss in the previous quarter to a profit of ₹33.99 crore, suggests effective financial management and possibly some non-operational gains.

The substantial other comprehensive income of ₹71.17 crore played a crucial role in enhancing the company's overall financial position for the quarter. This item often includes gains or losses from investments, pension plans, or foreign currency transactions that are not part of the regular business operations.

Corporate Governance and Transparency

In line with regulatory requirements, Orient Paper & Industries Limited has promptly disclosed its financial results. The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors on August 5. Following approval, the results were published in Business Standard (English) and Pratidin (Oriya) newspapers on August 7, demonstrating the company's commitment to transparency and timely communication with stakeholders.

Looking Ahead

While the company has shown resilience in achieving a net profit, the loss before tax suggests that Orient Paper & Industries may need to address operational challenges in the coming quarters. Investors and stakeholders will likely be watching closely to see how the company navigates these challenges and capitalizes on opportunities in the paper industry.

The management's strategies to improve operational efficiency and capitalize on market opportunities will be crucial in determining the company's performance in the remainder of the fiscal year.

Investor Information

Orient Paper & Industries Limited is listed on both the BSE and the NSE. Investors can access the detailed financial results on the company's website ( www.orientpaper.in ) as well as on the stock exchange websites.