Satia Industries Reports INR 14,519 Mn Revenue for FY26; Details on Operational Headwinds and Growth Initiatives
Punjab, May 23, 2026: Satia Industries Limited (SIL), a leading writing and printing paper manufacturer in India, today announced its results for the fourth quarter ended March 31, 2026. The company reported revenues of INR 14,519 Mn for the fiscal year 2026.Financial Performance Summary
The company provided a detailed financial overview for the four quarters, comparing figures year over year and quarter over quarter.| Particulars (INR Mn) | Q4FY26 | Q4FY25 | YoY Change | Q3FY26 | QoQ Change | FY26 | FY25 | YoY Change |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | 3,896 | 3,967 | -2% | 3,803 | 2% | 14,519 | 15,120 | -4% |
| EBITDA | 236 | 615 | -62% | 385 | -39% | 1,318 | 2,703 | -51% |
| EBITDA Margin (%) | 6.0% | 155% | -945bps | 10.1% | -407 bps | 9.1% | 17.9% | -879 bps |
| Net PAT | 58 | 354 | -84% | 280 | -79% | 409 | 1,186 | -66% |
| PAT Margin % | 1.5% | 8.9% | -744 bps | 7.4% | -588 bps | 2.8% | 7.8% | -503 bps |
| Diluted EPS | 0.58 | 3.54 | -84% | 2.8 | -79% | 4.09 | 11.86 | -66% |
Key Highlights and Operational Observations
The company noted that revenue for Q4 FY26 grew sequentially by 2% to INR 3,896 Mn from INR 3,803 Mn in Q3 FY26, indicating a gradual improvement in the Network Sales Rate (NSR). However, overall revenue for the full year 2026 saw a decline of 4%.Gross margins improved sequentially during Q4 FY26, reaching 48.0%, while for the full year 2026, gross margins stood at 48.6%.
EBITDA for Q4 FY26 was INR 236 Mn, a significant drop compared to INR 385 Mn recorded in Q4 FY25. For the full year 2026, the EBITDA margin settled at 9.1%. The management attributed the margin contraction to elevated input and fuel costs, compounded by sustained pricing pressure resulting from increased dumping throughout the year.
Net profit experienced an 84% year-over-year decline in Q4 FY26, recording INR 58 Mn compared to INR 280 Mn in Q4 FY25. For the full year 2026, the Net profit was reported as INR 409 Mn.
Management Commentary and Future Strategy
Executive Director Mr. Chirag Satia commented on the financial results, stating that the operating environment remained challenging during the quarter. He highlighted that steady demand was offset by continued pressure on input costs, particularly raw materials and fuel.He pointed out that fuel costs remained elevated due to geopolitical tensions and supply disruptions, while import pressures persisted through most of the quarter before easing toward the end of the fiscal year.
Mr. Satia stated, "Encouragingly, pricing began to firm up toward the end of the quarter, supported by reduced dumping and cost-led adjustments across global markets. We hope the benefits of these measures to positively flow through Q1 FY27."
The company plans key initiatives to strengthen its operational backbone. The PM3 upgrade is aimed at improving throughput, enhancing efficiencies, and structurally lowering costs, including meaningful gains in fuel efficiency. Furthermore, Satia Industries is scaling up its cutlery segment with the introduction of moulded product capabilities, strengthening the shift towards sustainable packaging solutions and a richer product mix.
The management anticipates that while cost pressures may persist in the near term, improving realizations, easing imports, and the benefits of ongoing initiatives are expected to support performance in the long run.
About Satia Industries Limited
Satia Industries Limited (SIL) is recognized as a leading Writing and Printing paper manufacturer in India. Incorporated by Dr Ajay Satia in 1980, the company commenced operations in 1984 with a small initial capacity of 4,950 tonne per year. Today, the total installed production capacity exceeds 2,00,000 MTPA. Over the last three decades, SIL has undergone a complete transformation, achieving fully backward integration across pulping, chemical recovery, and power self-sufficiency. The company operates from a strong Pan-India distribution network and maintains a total employee strength of 2,600+.SATIA Stock Price Movement
On Friday, Satia Industries Limited shares edged higher, gaining 0.42% to close at ₹64.54. The equity settled with a notable trading volume of 36,672 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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