Seshasayee Paper and Boards Reports Q3 FY26 Results with Revenue Decline
Seshasayee Paper and Boards Limited reported Q3 FY26 results showing revenue decline to ₹386.81 crores from ₹431.27 crores YoY, while maintaining net profit at ₹15.53 crores. Nine-month revenue fell to ₹1118.39 crores from ₹1251.83 crores, with net profit declining significantly to ₹50.39 crores from ₹78.93 crores. The company continues operational improvements and asset revival efforts while maintaining regulatory compliance.
*this image is generated using AI for illustrative purposes only.
Seshasayee Paper and Boards Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025. The paper manufacturing company's performance showed mixed results with revenue declining year-over-year while maintaining profitability levels.
Financial Performance Overview
The company's standalone financial results revealed a revenue contraction in Q3 FY26. Revenue from operations decreased to ₹386.81 crores compared to ₹431.27 crores in Q3 FY25. Despite the revenue decline, the company maintained its profitability with net profit after tax of ₹15.53 crores, marginally lower than ₹15.81 crores recorded in the same quarter last year.
| Metric | Q3 FY26 | Q3 FY25 | Change |
|---|---|---|---|
| Revenue from Operations | ₹386.81 crores | ₹431.27 crores | -10.31% |
| Total Income | ₹397.01 crores | ₹451.80 crores | -12.13% |
| Net Profit After Tax | ₹15.53 crores | ₹15.81 crores | -1.77% |
| Earnings Per Share | ₹2.58 | ₹2.63 | -1.90% |
Nine-Month Performance Analysis
For the nine months ended December 31, 2025, the company reported revenue from operations of ₹1118.39 crores compared to ₹1251.83 crores in the corresponding period of the previous year. Net profit after tax for the nine-month period stood at ₹50.39 crores against ₹78.93 crores in the previous year, showing a significant decline.
| Parameter | 9M FY26 | 9M FY25 | Variance |
|---|---|---|---|
| Revenue from Operations | ₹1118.39 crores | ₹1251.83 crores | -10.66% |
| Net Profit After Tax | ₹50.39 crores | ₹78.93 crores | -36.16% |
| Basic EPS | ₹8.37 | ₹13.11 | -36.15% |
Consolidated Results
The consolidated financial results, which include the company's subsidiary and associate, showed quarterly revenue from operations of ₹386.88 crores in Q3 FY26 compared to ₹431.33 crores in Q3 FY25. Consolidated net profit after tax was ₹18.64 crores versus ₹16.63 crores in the previous year's corresponding quarter, reflecting a positive growth.
Cost Structure and Operational Metrics
The company's cost of materials consumed decreased to ₹270.57 crores in Q3 FY26 from ₹278.60 crores in Q3 FY25. Employee benefits expense remained relatively stable at ₹23.58 crores compared to ₹25.76 crores in the previous year. Power and fuel costs declined to ₹48.96 crores from ₹60.49 crores, indicating improved operational efficiency.
Corporate Developments
The company continues its efforts regarding the assets acquired from Servalakshmi Paper Limited through the NCLT-approved e-auction process dated May 12, 2023. The company is taking steps for revival, refurbishment and recommencement of operations of these assets, though some appeals challenging the NCLT order remain pending at NCLAT.
Board Approval and Compliance
The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at meetings held on January 30, 2026 and January 31, 2026. The results comply with Regulation 33 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company maintains its paid-up equity share capital of ₹12.04 crores with a face value of ₹2 per share.
Historical Stock Returns for Seshasayee Paper & Boards
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +4.74% | -0.95% | -4.08% | -18.92% | -24.35% | +57.26% |
16
