Outcome of Board Meeting
MALUPAPER · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Malu Paper Mills Ltd reported its audited financial results for Q4 and FY ended March 31, 2026. Revenue grew 20% to Rs 33,405.45 Lacs from Rs 27,843.34 Lacs, but the company reported a widened net loss of Rs 1,953.08 Lacs vs Rs 1,213.47 Lacs in FY25. Despite higher sales, total expenses surged to Rs 35,724.65 Lacs. The company posted negative EBITDA of Rs 630.90 Lacs for the full year but turned EBITDA positive at Rs 469.04 Lacs in Q4 due to securing government textbook supply tenders from Maharashtra and Gujarat state boards. Shareholders' funds are deeply negative at Rs -2,548.93 Lacs. The Board also appointed M/s Deepak Khanuja & Associates as Cost Auditors for FY 2026-27. Statutory auditors issued an unmodified (clean) opinion. Promoters have pledged capital infusion support and the company is monetizing surplus land assets.
The company is in financial distress with negative net worth and widening losses, but the Q4 turnaround driven by government orders offers some hope. The clean audit opinion provides some comfort on financial reporting quality, though the underlying business remains deeply unprofitable.