Satia Industries Ltd

Financial results

• Unaudited Q1 FY2026-27 results approved for quarter ended 30 Jun 2026.
• Revenue from operations ₹36,181.47 Lakhs; Total income ₹37,287.22 Lakhs.

Profitability

• Profit before tax ₹2,912.00 Lakhs; quarterly PAT ₹579.66 Lakhs.
• Labour Codes impact: ₹667.25 Lakhs (exceptional item).

Governance & AGM

• Cost Auditor appointed for FY2026-27; remuneration to be ratified.
• 45th AGM on 30 Sep 2026; registers closed 24–30 Sep 2026.

Regulatory & segment changes

• Cogeneration division removed as separate segment; no subsidiary/associate/JV as of 30 Jun 2026.
• Concessional tax regime under Section 115BAA effective FY2026-27.

Operations update

• Paper Machine 3 shutdown from 1 Jun 2026 for ~5 months for refurbishment.
• Independent audit review issued with unmodified opinion.

Q1 FY27 financial highlights

• Revenue from operations in Q1 FY27 was INR 3,618 Mn, down 2% YoY and 7% QoQ.
• Gross margin rose to 50.9% in Q1 FY27 from 48.0% in Q4 FY26.
• EBITDA was INR 508 Mn with a 14.0% margin.
• PAT was a loss of INR 171 Mn in Q1 FY27.
• PAT Margin stood at -4.7% for the quarter.
• Diluted EPS was -1.71 for Q1 FY27.
• Concessional tax regime caused one-time non-cash deferred tax charge.
• Cogeneration division is no longer reported as a separate segment.
• Paper Machine 3 modernization is ongoing; 4–5 months to completion.
• FY27 execution remains a priority with ongoing modernization investments.

Financial & Operational Highlights

• Q1FY27 Revenue from Operations: INR 3,618 Mn; Total Income: INR 3,729 Mn.
• Profit before Tax: INR 291 Mn; Profit for the period: INR -171 Mn.
• EPS (Basic and Diluted): INR -1.71.
• Total Tax: INR 462 Mn.
• Other Income: INR 111 Mn.
• Cost of goods sold: INR 1,777 Mn.
• Depreciation & Amortisation: INR 291 Mn.
• Employee Benefit Expenses: INR 367 Mn.
• Total Expenses: INR 3,438 Mn.
• Open market distribution: 100+ dealers with three branch offices.
• PM3 modernization/refurbishment underway; completion in 4–5 months.

Financial highlights

• Q1 FY27 revenue from operations: INR 3,618 Mn; YoY -2%, QoQ -7%.
• EBITDA: INR 508 Mn; margin 14.0%; YoY -20%, QoQ +116%.
• PAT: INR -171 Mn; margin -4.7%.
• Diluted EPS: INR -1.71.

Tax and segment changes

• Concessional tax regime from FY27; one-time non-cash deferred tax charge recorded.
• Cogeneration Division not reported as a separate segment.

Operational developments

• PM3 paper machine modernization with 4–5 month refurbishment; capacity, quality, efficiency expected to improve.
• Moulded cutlery business continues in sustainable packaging portfolio.

Outlook and management comments

• FY27 expected to be important for execution as modernization progresses.
• Management emphasizes operational efficiency and prudent cost management.

Capacity and profile

• Total installed capacity >200,000 MTPA; fully backward integrated with pulping, chemical recovery, and power self-sufficiency.

Q1 FY27 highlights

• Revenue from operations at INR 3,618 mn, down 7% QoQ.
• Total income INR 3,729 mn; QoQ -10%.
• Profit for the period INR -171 mn; Basic/Diluted EPS: -1.71.
• PM3 modernization ongoing; 4–5 months to complete; capacity, quality gains.
• Moulding cups machinery to start production in Q2FY27.
• PM3 progress to enhance capacity, quality, and efficiencies.
• Open market network: 100+ dealers, 3 branches nationwide.
• Total installed capacity over 200,000 MTPA.
• FY22: added PM4 with 100,000 MTPA capacity.
• PM4 commenced commercial production with 100,000 t capacity.
• FY25-26: added five cutlery machines to total 14.

Financial results

• Unaudited quarterly results for quarter ended 30 June 2026 approved (standalone).

Cost auditor appointment

• Balwinder & Associates appointed as Cost Auditor for FY2026-27; remuneration to be ratified by shareholders.

AGM and shareholding actions

• 45th AGM to be held at registered office on 30 September 2026.
• Register of Members and share transfer books closed from 24 to 30 September 2026.
• Record date for dividend and AGM voting rights: 23 September 2026.

Regulatory and accounting notes

• Statutory impact of new Labour Codes shown as exceptional item for year ended 31 March 2026.
• Adopted concessional tax regime (115BAA) from FY2026-27; 80-IA deduction for Cogeneration discontinued.
• Cogeneration division reclassified as non-reportable segment; no separate segment reporting.
• As of 30 June 2026, company has no subsidiary/associate/joint venture.

Operational actions

• Planned shutdown of Paper Machine 3 from June 1, 2026 for about five months for refurbishment.

Auditor remarks

• Independent auditor's review report on unaudited results; unmodified opinion on consolidated results.

Financial results

• Unaudited consolidated results for quarter ended 30 June 2026 approved; auditor's review unmodified.

Cost auditor appointment

• Appointed Balwinder & Associates as Cost Auditor for FY2026-27; remuneration to be ratified.

AGM and related dates

• 45th AGM to be held at registered office on 30 September 2026.
• Register of Members and share transfer books closed 24–30 September 2026.
• Record date for dividend and AGM voting rights: 23 September 2026.

Tax regime and segment reporting

• Opted concessional tax regime from FY2026-27; Cogeneration not shown as a separate segment.

Operational developments

• Planned shutdown of Paper Machine 3 from 1 June 2026 for ~5 months.

Regulatory / compliance notes

• Labour Codes impact recognised as exceptional item; ongoing monitoring of regulatory changes.

Subsidiaries

• As of 30 June 2026, no subsidiary/associate/joint venture.

Tax and P&L impact

• One-time non-cash deferred tax charge due to regime transition; PAT affected.