Q1 FY27 Un-Audited Results Approved: Loss of Rs. 1,693.42 lakhs, Mill Operations Remain Suspended
The Board met on September 29, 2026 and approved un-audited financial results for the quarter ended June 30, 2026.
- Total Income Q1 FY27
- Rs. 732.36 lakhs
- Total Expenses Q1 FY27
- Rs. 2,425.78 lakhs
- Loss for Period Q1 FY27
- Rs. 1,693.42 lakhs
- Loss Per Share (Basic and Diluted)
- Rs. (1.42)
- Paper/Newsprint Manufacturing Status
- Discontinued; Government of Karnataka leasing out mill operations
What was decided
The Board of Directors met on September 29, 2026 and approved the Un-Audited Financial Results for the quarter ended June 30, 2026. The meeting commenced at 3.00 P.M. and concluded at 3.35 P.M.
Quarter numbers (Rs. in lakhs)
- Total income: 732.36
- Total expenses: 2,425.78
- Loss before exceptional items and tax: (1,693.42)
- Loss for the period: (1,693.42)
- Earnings per share, basic and diluted: (1.42)
Cost lines for the quarter
- Cost of material consumed: 77.56
- Employee benefit expenses: 2,151.78
- Depreciation and amortisation: 159.69
- Other expenses: 35.67
Business situation described in the notes
Management has identified one reportable business segment, namely Paper/Afforestation, covering pulping of writing and printing paper and newsprint and afforestation activities. The notes record that manufacturing of paper and newsprint has been discontinued and that the Government of Karnataka has decided to lease out the mill operations to a third party, with the leasing process subject to finalisation. Infrastructure Development Corporation (Karnataka) Limited has been engaged as transaction consultant for the leasing process.
Going concern and audit matters
The notes refer to the statutory auditor having issued a disclaimer of opinion for earlier years and to material uncertainty about the Company's ability to continue as a going concern. The results were reviewed by the Audit Committee and approved by the Board.
Shareholding
Promoter and promoter group holding is stated at 84.74% of the total share capital.
How to read this
The update shows a quarter where expenses were well above income, producing a loss at the period level, while the underlying mill activity remains suspended and the future of operations is tied to the leasing process being run by the Government of Karnataka.
Also from Mysore Paper Mills
Board Meeting on 29 September 2026 to Consider Q1 FY27 Unaudited Results
24 Sep 2026
More numbers
- Total income, quarter ended 30.06.2026732.36
- Total expenses, quarter2,425.78
- Loss for the period, quarter(1,693.42)
- Earnings per share (basic)(1.42)
- Earnings per share (diluted)(1.42)
- Cost of material consumed77.56
- Employee benefit expenses2,151.78
- Depreciation and amortisation159.69
- Other expenses35.67
- Promoter and promoter group holding84.74
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