| Metric | Value (₹ Cr) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 311.13 | 16.1% | 8.5% |
| Total Income | 320.50 | 15.0% | 6.4% |
| Expenditure | 345.62 | 0.2% | 1.4% |
| PBT | -25.12 | 181.6% | 2106.4% |
| Net Profit | -24.52 | 177.6% | 298.8% |
| OPM | 2.11% | 14.94pp | 15.90pp |
| NPM | -7.65% | 16.03pp | 11.25pp |
| EPS | 2.45 | 99.2% |
Satia Industries Records INR 3,111 Mn Revenues in Q2FY26 Amidst Market Challenges
15 Nov 2025 · 15 Nov 2025, 12:21 pm
Summary
Satia Industries Limited, a leading writing and printing paper manufacturer in India, announced its results for the second quarter ended September 30, 2025. The company recorded INR 3,111 Mn in revenues, a 9% YoY decline compared to INR 3,401 Mn in Q2FY25. The decline was primarily due to reduced paper realizations and increased import competition. Gross margins compressed from 52.1% in Q2FY25 to 44.9% in Q2FY26. The company reported a net loss of INR 245 Mn in Q2FY26, as compared to a profit of INR 123 Mn in Q2FY25.
Key Highlights
- 1
Revenue for Q2FY26 declined 9% YoY to INR 3,111 Mn
- 2
Gross margins compressed from 52.1% in Q2FY25 to 44.9% in Q2FY26
- 3
EBITDA for Q2FY26 declined to INR 66 Mn as compared to INR 451 Mn in Q2FY25
- 4
Company reported net loss of INR 245 Mn in Q2FY26, as compared to profit of INR 123 Mn in Q2FY25
- 5
PM3 redevelopment has been deferred to ensure operational continuity
- 6
Initial easing of wood prices and better raw material availability provide grounds for optimism regarding a phased recovery in profit margins
Management Comments
Mr. Chirag Satia
The domestic paper industry faced significant challenges this quarter. Operating costs, especially for wood, remained high, and market realizations were dampened by a persistent flow of low-priced imports. Furthermore, recent GST rate changes have resulted in an inverted duty structure, elevating working capital needs and compressing near-term margins. Representations have been made to the Govt. to correct these imbalances and create a level playing field. Our company demonstrated resilience against these headwinds. Though our revenues dipped 9% year- on-year, which is a reflection of temporary sector-wide stress, not diminished underlying demand. Positive indicators, such as the initial easing of wood prices and better raw material availability and lower fuel cost in next half of the year, provide grounds for optimism regarding a phased recovery in profit margins. Looking ahead, we continue to focus on improving efficiency, driving sustainability, and growing our value-added portfolio. With a solid foundation and focused execution, we are confident of restoring growth and delivering value to all stakeholders.
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