Newspaper Advt
Awaiting price reaction for this filing.
Mysore Paper Mills Ltd, a Government of Karnataka undertaking, submitted copies of its unaudited financial results for the quarter ended 31 December 2025, which were published in Financial Express and Samyuktha Karnataka on 26 March 2026. Revenue from operations for Q3 FY26 stood at Rs 412.90 lakhs, sharply lower than Rs 569.93 lakhs in the year-ago quarter. Total expenses of Rs 2,459.17 lakhs — heavily weighed down by finance costs of Rs 2,151.87 lakhs — pushed the company to a net loss of Rs 2,046.27 lakhs for the quarter and Rs 6,015.33 lakhs for the nine months ended December 2025. The results continue to reflect the company's troubled state: mill operations were shut from October 2021, statutory auditors have raised a going-concern disclaimer on FY16 accounts, and iDeCK has been appointed to find a private lessee for the operations.
Shareholders face continued distress — widening losses, vanishing top line, and the mill is effectively non-operational pending a lease to a private party. Until the lease process concludes, the stock remains a high-risk, low-liquidity holding with no near-term earnings recovery in sight.