Out come of Board Meeting for the quarter end 31-12-2025 held today.
Awaiting price reaction for this filing.
The Board of Mysore Paper Mills Ltd (a Government of Karnataka undertaking) approved unaudited financial results for Q3 FY26 on 25 March 2026. Revenue from operations stood at Rs 569.93 lakhs for the quarter, but total expenses of Rs 2,485.84 lakhs led to a loss before tax of Rs 1,915.91 lakhs. For the nine months ended Dec 2025, revenue fell sharply to Rs 1,333.94 lakhs from Rs 2,763.49 lakhs in the prior year period — a decline of over 50%. The company noted that mill operations have been closed since October 2021, and the Government of Karnataka is in the process of leasing out operations to a private entity. Statutory auditors have issued a disclaimer of opinion and flagged serious going concern doubts. Loss per share for nine months was Rs 5.06 versus Rs 6.27 last year.
Persistent heavy losses, sharply falling revenue, and an ongoing going concern qualification make this a high-risk stock. Shareholders should note that the company's survival depends on the Karnataka government's plan to lease out mill operations, with no clarity yet on a turnaround timeline.