As per the attached document
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Awaiting price reaction for this filing.
Banganga Paper Industries (BPIL), a craft paper manufacturer with a facility in Dindori, Nashik (36,000 MT+ capacity, 70-75% utilized), shared its FY25 results and strategy via an investor presentation. FY25 consolidated total income surged to ₹58.24 Cr from ₹0.39 Cr in FY24 (post-listing comparison), with EBITDA at ₹4.90 Cr and net profit of ₹1.88 Cr (EPS ₹1.57). Q4 FY25 alone delivered ₹20.49 Cr revenue, ₹2.08 Cr EBITDA, and ₹1.00 Cr net profit. Key strategic updates include a 15-year Power Purchase Agreement with Livint Green Technologies for a 2.5 MW solar plant (expected savings of ₹2.30–₹2.50 per unit), MPCB certification renewal until March 2029, and adoption of Refuse-Derived Fuel and Zero Liquid Discharge systems. Management commentary from CMD Karbhari Dhatrak highlighted optimism around sustainable kraft paper demand. Note: the BSE filing name (Asgard Alcobev Ltd) does not match the document content (BPIL).
The sharp year-on-year revenue jump reflects post-listing scaling rather than organic growth, and the company is positioning itself around sustainability-driven cost savings. Small base, thin margins (~8% EBITDA), and significant new debt (₹10 Cr+ borrowings in FY25) mean the stock remains a high-risk, early-stage play dependent on capacity utilization improvements.