Saffron Industries Limited has announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating strong operational performance across its business segments. The Nagpur-based company, engaged in paper manufacturing and construction & real estate development, reported significant growth in profitability during the reporting period.

Financial Performance Overview

The company's consolidated financial performance showed substantial improvement across key metrics. Net profit after tax surged to ₹83.89 crore in Q3FY26 from ₹42.88 crore in Q3FY25, marking an impressive growth of 95.6%. Revenue from operations reached ₹152.45 crore during the quarter, compared to ₹248.35 crore in the corresponding previous quarter.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Saffron Industries achieved remarkable financial turnaround. The company reported a net profit of ₹98.43 crore compared to a loss of ₹10.45 crore in the corresponding nine-month period of FY25. Revenue from operations for the nine-month period stood at ₹543.03 crore against ₹293.89 crore in the previous year, representing growth of 84.8%.

Segment-wise Performance

The company operates through two distinct business segments, with varying performance contributions. The construction and real estate development segment emerged as the primary revenue driver, generating ₹152.45 crore in Q3FY26 compared to ₹232.95 crore in Q3FY25. This segment also contributed a profit of ₹83.10 crore before interest and tax.

The paper manufacturing segment recorded minimal revenue of ₹0.81 crore in Q3FY26, including other income, compared to ₹16.47 crore in Q3FY25. However, this segment showed improvement with a small profit of ₹0.79 crore compared to a loss of ₹29.48 crore in the previous year quarter.

Balance Sheet Position

As of December 31, 2025, the company's total assets stood at ₹1,284.07 crore compared to ₹1,252.92 crore as of March 31, 2025. Current assets increased to ₹1,233.51 crore from ₹928.53 crore, primarily driven by higher inventory levels of ₹737.79 crore and increased trade receivables of ₹194.39 crore.

Corporate Governance and Compliance

The financial results were approved by the Board of Directors at their meeting held on February 11, 2026, after review by the Audit Committee. The meeting commenced at 3:15 PM and concluded at 4:00 PM. The results have been prepared in accordance with applicable accounting standards and comply with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company's paid-up equity share capital remained unchanged at ₹718.52 crore, with each share having a face value of ₹10. The results were subject to limited review by Jagdish Khatri & Associates, Chartered Accountants, who provided an unqualified review report.

Saffron Industries Limited announced a key board decision regarding executive leadership, with the re-appointment of Mr. Manoj Rameshwar Sinha as Whole-time Director for an extended term. The decision was made during a board meeting held on January 06, 2026, following recommendations from the company's Nomination and Remuneration Committee.

Re-appointment Details

The board approved Mr. Sinha's re-appointment for a three-year period, with his new term running from January 06, 2026, to January 05, 2029. However, this re-appointment remains subject to approval from shareholders at the company's upcoming General Meeting.

Director Profile and Experience

Mr. Manoj Rameshwar Sinha brings substantial experience to his continued role with Saffron Industries Limited. As a Commerce graduate, he has accumulated more than 20 years of professional experience across multiple domains, particularly in property acquisition, development, and management.

His expertise encompasses several key areas:

• Strategic leadership and market analysis
• Financial acumen with focus on return on investment (ROI)
• Stakeholder relations management
• Innovation in sustainability initiatives
• Technical real estate knowledge combined with business management skills
• Negotiation expertise for profitable growth delivery

Professional Background

Mr. Sinha's professional experience includes significant roles in production management, particularly in the newspaper industry. His production management experience covers comprehensive newspaper creation processes, from print floor operations to distribution networks. This role required focus on efficiency optimization, quality control, and cost management while blending leadership capabilities with technical expertise in pre-press, printing, and digital operations.

Key responsibilities in his previous roles included:

• Production scheduling and budgeting
• Quality assurance implementation
• Team development and staff management
• Coordination with editorial, sales, and marketing departments
• Strategic adaptation to industry changes

Regulatory Compliance

The company confirmed that Mr. Sinha meets all regulatory requirements for his re-appointment. He is not related to any other directors of the company and has not been debarred from holding directorial positions by SEBI or any other regulatory authority. This compliance ensures adherence to corporate governance standards and regulatory frameworks.

Board Meeting Details

The board meeting that approved this re-appointment was conducted on January 06, 2026, commencing at 2:00 PM and concluding at 2:30 PM. The decision was made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring proper regulatory disclosure and transparency in corporate governance practices.