Outcome of financial result for the quarter ended 30th September 2025
Awaiting price reaction for this filing.
The Board of Mysore Paper Mills Ltd (a Government of Karnataka undertaking) approved unaudited financial results for Q2 FY26 on 30 December 2025. Revenue from operations for the quarter stood at ₹921.04 lakhs, up sharply from ₹543.17 lakhs in Q2 FY25 (around 70% growth), with the half-year figure at ₹2,763.49 lakhs. Despite revenue growth, the company posted a loss of ₹2,144.47 lakhs for the quarter and ₹3,969.07 lakhs for H1 FY26, widening from a loss of ₹1,898.51 lakhs in the year-ago quarter. Finance costs remained extremely high at ₹2,157.56 lakhs for the quarter. The notes disclose that the statutory auditor issued a 'disclaimer of opinion' on FY15-16 accounts with going-concern concerns, books for FY16-17 to FY25 are still unfinalized, mill operations were closed effective 22 October 2021, and the Government of Karnataka is in the process of leasing out operations to a third party via IDeck as transaction consultant.
Shareholders should note this is a deeply loss-making, effectively closed company whose survival depends on government support and a potential lease-out to a private operator — there is no near-term prospect of operational profitability or shareholder returns.