Financial results for the quarter and year ended 31st March, 2026 as approved by the Board of Directors in its meeting held today- 25.05.2026 along with auditors'' report are attached.
STARPAPER · price
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Star Paper Mills reported a revenue decline for FY26 with total income of Rs. 43,358.08 Lakhs compared to Rs. 46,027.42 Lakhs in FY25, representing approximately 6% drop. Profit after tax fell to Rs. 3,275.34 Lakhs from Rs. 3,987.04 Lakhs in the previous year. The auditors issued an unmodified (clean) opinion with no qualifications. The company received an insurance claim of Rs. 384 Lakhs for fire damage to its finishing house and wrote back Rs. 490 Lakhs in deferred tax liabilities. The Board recommended a final dividend of Rs. 2.50 per share (25%) for FY26, subject to shareholder approval.
The decline in both revenue and profit for the year indicates challenging operating conditions. However, the clean audit opinion and dividend recommendation signal management confidence. The stock may face pressure near-term due to the earnings decline despite positive cash flows from operations of Rs. 2,909.36 Lakhs.