Satia Industries Limited has submitted to the Exchange, the financial results for the period ended December 31, 2025.
SATIA · price
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On the reaction day the stock moved 4.2 pts more than Nifty Microcap 250 and 4.2 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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Satia Industries reported Q3 FY26 revenue from operations of Rs 380.31 crore, up modestly 1.2% year-on-year but recovering 22% quarter-on-quarter from a weak Q2. Q3 profit after tax jumped 41.6% YoY to Rs 28.03 crore, but on a 9-month basis PAT fell sharply by 57.8% to Rs 35.12 crore versus Rs 83.19 crore a year ago. The core Paper segment swung from a Rs 17.30 crore profit in 9M FY25 to a Rs 64.84 crore loss in 9M FY26, a worrying trend. The Co-generation segment continues to be the main profit engine, contributing Rs 112.10 crore in 9M FY26. A sharp jump in other income to Rs 28.65 crore in Q3 (vs Rs 6 crore YoY) significantly inflated headline profits and should be examined closely for sustainability.
Headline numbers look like a recovery, but the underlying core paper business remains under severe stress with ballooning segment losses. The profit surge is heavily reliant on an unusually large spike in non-operating other income, which may not repeat. Shareholders should watch whether the paper segment can return to profitability and whether the elevated other income is sustainable before treating this as a genuine turnaround.