Satia Industries Appoints New Directors, Reports Q1 FY26 Financial Results
Satia Industries has appointed two new Non-Executive Independent Directors and re-appointed one existing director, subject to shareholder approval. The company reported Q1 FY26 financial results with revenue of INR 3,709 million, down 7% YoY, and net profit of INR 316 million, down 38% YoY. Operational updates include rescheduling PM3 maintenance, expanding cutlery segment capacity, and a planned PM4 shutdown. Management remains positive about the paper industry outlook despite challenges.
11Aug 25
Satia Industries Reports Q1 Net Profit Decline Amid Revenue Dip
Satia Industries, a leading paper manufacturer, reported a decline in both revenue and net profit for Q1. Net profit decreased by 38.16% to ₹316.00 crore, while revenue fell by 7.02% to ₹371.00 crore compared to the same quarter last year. The company operates in three segments: Paper, Co-Generation, and Agriculture. A planned 9-day shutdown of PM-4 contributed to the reduced production volume. Total assets stood at ₹15,283.83 crore, with total liabilities at ₹4,481.08 crore as of June 30.
22Jul 25
India Ratings Affirms Satia Industries' 'IND A+'/Stable Rating, Assigns New Credit Facilities
India Ratings and Research (Ind-Ra) has reaffirmed Satia Industries Limited's (SIL) bank loan ratings at 'IND A+' with a Stable outlook. SIL maintains a 10-15% market share in Punjab's textbook segment with a 205,000 MTPA paper manufacturing facility. Despite a 12.10% revenue decline to INR 15,120.00 million, SIL maintained a 17.90% EBITDA margin. The company plans to upgrade its paper machine (PM-3) starting November 2025, potentially adding 18,000-20,000 MTPA capacity. Ind-Ra expects a gradual recovery to mid-cycle levels by the second half of FY27, supported by SIL's integrated operations and market position.