Declaration of Un-audited financial results pursuant to regulation 33 of the SEBI (LODR) Regulation 2015
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Kay Power and Paper reported a sharp fall in revenue for Q3 FY26 at ₹474.84 lakhs, down from ₹934.03 lakhs in Q3 FY25 (roughly 49% YoY decline). For the nine months ended December 2025, revenue dropped to ₹1,949.14 lakhs from ₹2,827.51 lakhs a year earlier, about a 31% decline. The company swung to a net loss of ₹8.54 lakhs in Q3 FY26 from a profit of ₹8.93 lakhs a year ago, and reported a nine-month loss of ₹5.37 lakhs versus a profit of ₹16.17 lakhs in 9M FY25. Management cited a 64-day plant shutdown caused by boiler fuel-feeding issues as the main reason, with a new automatic fuel-feeding system expected to be commissioned by April 15, 2026. The auditor issued an unmodified limited review report with no qualifications. The company also raised ₹29 crores during the quarter via conversion of warrants into equity shares, increasing paid-up capital.
Shareholders should note weak operating performance with steep revenue decline and a return to losses, though the company attributes this to a temporary operational disruption that is being addressed. The stock may remain under pressure until the boiler upgrade is commissioned and production normalizes in April 2026.