SPSeshasayee Paper and Boards502450Quarterly results

Board approves Q2/H1 FY2026 results; auditor's limited review conclusion unmodified

Board meeting held on October 24, 2026 approved the unaudited standalone and consolidated results for the quarter and half-year ended September 30, 2026.

By ScoutQuest · Sat 24 Oct 2026, 2:25 PM IST · 2 min read

Total income YoY growth

+43.2%

Period

3 months ended 30 09 2026 (Unaudited)

Results approved at the board meeting

The Board of Directors approved the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, at its meeting held on October 24, 2026. The meeting ran from 11:00 AM to 2.10 PM.

Auditor's review conclusion

Suri & Co., Chartered Accountants, issued a Limited Review Report on the standalone results. The conclusion is unmodified: nothing came to their attention that causes them to believe the statement contains any material misstatement or fails to disclose what is required. The report notes that a review is substantially less in scope than an audit, and that they do not express an audit opinion.

Quarter performance, standalone (Rs. crores)

• Revenue from Operation: 502.99 against 346.25 in the same quarter last year
• Total Income: 514.85 against 359.58
• Net Profit /(Loss) from Ordinary Activities After Tax: 34.96 against 17.80
• Basic and Diluted Earnings Per Share: 5.80 against 2.96

Quarter performance, consolidated (Rs. crores)

• Revenue from Operation: 503.06 against 346.32
• Total Income: 514.95 against 359.66
• Net Profit /(Loss) from Ordinary Activities After Tax: 42.31 against 22.41
• Basic and Diluted Earnings Per Share: 7.03 against 3.72

The consolidated numbers also include a share of profit of associate of 7.30 for the quarter, against 4.64 a year earlier.

Half-year picture (Rs. crores)

• Standalone: Revenue from Operation 994.99, Total Income 1020.10, Net Profit /(Loss) from Ordinary Activities After Tax 68.55
• Consolidated: Revenue from Operation 995.14, Total Income 1018.92, Net Profit /(Loss) from Ordinary Activities After Tax 74.22

Stake in associate increased

During the quarter the company acquired 2.90 lakh shares in its associate M/s Ponnì Sugars (Erode) Limited (PSEL). This raised the effective shareholding in PSEL from 32.40% to 35.78% of its paid-up share capital, and the share of profit in the associate is computed at the revised percentage from the date of acquisition.

Update on the Servalakshmi assets

The Hon'ble NCLT, Chennai bench, by order dated 12.05.2023, approved the e-auction sale of assets of M/s. Servalakshmi Paper Limited (corporate debtor in liquidation) as a going concern in favour of the company. The sales certificate has been issued and the assets handed over. Of three appeals shared in the Hon'ble NCLAT, two were "Dismissed as withdrawn" and the remaining appeal has been heard and reserved for orders. The company says it continues to take steps for revival, refurbishment and recommencement of operations.

Cash and balance sheet pointers (standalone)

• Net cash from operating activities for the half-year was 39.42 crores, against (72.92) crores in the same half last year
• Cash and cash equivalents at the end of the period were 53.17 crores, against 49.52 crores a year earlier
• Total Equity stood at 2014.15 crores as at 30 09 2026, against 1950.49 crores as at 31 03 2026
• Borrowings (current) were 0.00 as at 30 09 2026, against 76.75 crores as at 30 09 2025

Segment: paper is the only reportable segment of operation of the company.

Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.

About ScoutQuest · Logos provided by Logo.dev