FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31.12.2025.
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On the reaction day the stock moved 11.8 pts more than Nifty Microcap 250 and 11.8 pts more than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Sangal Papers Ltd submitted its unaudited standalone financial results for Q3 FY26 (Oct–Dec 2025) and the nine months ended December 31, 2025. Revenue from operations for 9M FY26 grew roughly 36% year-on-year to about ₹18,261 lakhs, up from ₹13,386 lakhs in 9M FY25. However, profit after tax for 9M FY26 fell around 39% to ₹145.10 lakhs from ₹239.64 lakhs, dragged by higher raw material costs (₹12,593 lakhs vs ₹11,472 lakhs) and elevated finance costs. EBITDA margin compressed sharply from about 5% to under 3%. Q3 standalone PAT more than doubled to ₹34.53 lakhs (vs ₹16.34 lakhs a year ago), even as Q3 revenue dipped to ₹2,669.61 lakhs from ₹3,966.33 lakhs. The company also disclosed that installation of a new 4.5 MW turbine (replacing the older 3 MW unit) is underway. The statutory auditor, Raj Viyom & Co., issued a clean limited review report with no qualifications.
Top-line growth is encouraging, but the steep fall in 9M profit and sharp margin compression signal that cost pressures are weighing on the business. The new turbine project could lift future capacity, but near-term profitability remains weak — investors should track cost trends and turbine commissioning progress.