Outcome of Board meeting held on 23rd October 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
South India Paper Mills reported a strong turnaround in Q2 FY26 with profit after tax of ₹281.47 lakhs, nearly tripling from ₹98.16 lakhs a year ago. For the half year (H1 FY26), the company swung from a loss of ₹405.55 lakhs to a profit of ₹379.63 lakhs, with revenue growing about 14% to ₹21,845 lakhs. Operating cash flow was healthy at ₹1,428 lakhs, and the company reduced its borrowings during the period. The auditor (B.S. Ravikumar & Associates) issued a clean limited review report with no qualifications. The previous year's exceptional item related to insurance claims from a fire incident at the factory in FY24.
A clear return to profitability and margin recovery is positive for shareholders, suggesting the business has stabilised after the fire disruption. Improved earnings and reduced debt indicate a healthier balance sheet, though the company is still a small-cap player in a single segment (paper and paper products).