Seshasayee Paper & Boards Reports FY26 Audited Results; Standalone Net Profit at ₹67.78 Crores, Dividend of ₹2 Per Share Recommended

Seshasayee Paper & Boards Limited announced its audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, following a Board of Directors meeting held on May 12, 2026. The results were reviewed by the Audit Committee and approved by the Board at their respective meetings held on May 11, 2026 and May 12, 2026. Statutory auditors M/s Suri & Co, Chartered Accountants, issued an audit report with an unmodified opinion on both the standalone and consolidated annual financial statements. At the same meeting, the Board formally recommended a dividend of ₹2.00 per equity share of ₹2 each for the financial year 2025-26, subject to approval by members at the ensuing 66th Annual General Meeting.

Standalone Financial Performance

On a standalone basis, the company reported revenue from operations of ₹1710.17 crores for the year ended March 31, 2026, compared to ₹1754.11 crores in the corresponding previous year. Total income, including other income of ₹49.48 crores, stood at ₹1759.65 crores for FY26, against ₹1824.26 crores in FY25. The standalone net profit after tax for the full year declined to ₹67.78 crores from ₹104.56 crores in FY25. Total comprehensive income for the standalone entity stood at ₹53.64 crores for FY26, compared to ₹104.49 crores in the previous year.

The following table summarises the key standalone financial metrics:

Metric: Q4 FY26 (31.03.2026) Q3 FY26 (31.12.2025) Q4 FY25 (31.03.2025) FY26 (Year Ended 31.03.2026) FY25 (Year Ended 31.03.2025) Revenue from Operations (₹ cr): 591.78 386.81 502.28 1710.17 1754.11 Total Income (₹ cr): 603.37 397.01 520.45 1759.65 1824.26 Total Expenses (₹ cr): 580.00 375.90 492.52 1668.03 1696.44 Profit Before Tax (₹ cr): 23.37 21.11 27.93 91.62 127.82 Net Profit After Tax (₹ cr): 17.39 15.53 25.63 67.78 104.56 Total Comprehensive Income (₹ cr): -16.26 29.65 14.87 53.64 104.49 Basic EPS (₹): 2.89 2.58 4.25 11.25 17.36 Diluted EPS (₹): 2.89 2.58 4.25 11.25 17.36

Consolidated Financial Performance

On a consolidated basis, which includes wholly owned subsidiary Esvi International (Engineers & Exporters) Limited and associate Ponni Sugars (Erode) Limited, the company reported total income of ₹1759.20 crores for FY26, against ₹1822.98 crores in FY25. Consolidated net profit after tax for FY26 stood at ₹82.53 crores, compared to ₹109.17 crores in FY25. The Group's share of net profit from its associate amounted to ₹15.53 crores for the year ended March 31, 2026, against ₹6.19 crores in FY25. Total comprehensive income on a consolidated basis was ₹68.63 crores for FY26 versus ₹107.20 crores in FY25.

Metric: Q4 FY26 (31.03.2026) Q3 FY26 (31.12.2025) Q4 FY25 (31.03.2025) FY26 (Year Ended 31.03.2026) FY25 (Year Ended 31.03.2025) Revenue from Operations (₹ cr): 591.84 386.88 502.35 1710.45 1754.38 Total Income (₹ cr): 603.47 397.11 520.54 1759.20 1822.98 Total Expenses (₹ cr): 580.03 375.98 492.57 1668.30 1696.68 Profit Before Tax (₹ cr): 32.05 24.23 29.39 106.43 132.49 Net Profit After Tax (₹ cr): 26.05 18.64 27.07 82.53 109.17 Total Comprehensive Income (₹ cr): -8.71 33.88 14.87 68.63 107.20 Basic EPS (₹): 4.32 3.10 4.50 13.70 18.13 Diluted EPS (₹): 4.32 3.10 4.50 13.70 18.13

Balance Sheet Highlights

As at March 31, 2026, standalone total assets stood at ₹2410.12 crores, compared to ₹2445.05 crores as at March 31, 2025. Standalone equity (share capital plus other equity) was ₹1950.49 crores as at March 31, 2026, against ₹1911.91 crores in the previous year. Standalone reserves, excluding revaluation reserves, stood at ₹1938.45 crores as at March 31, 2026, compared to ₹1899.87 crores as at March 31, 2025. On a consolidated basis, total assets were ₹2501.83 crores as at March 31, 2026, versus ₹2521.77 crores in the prior year, with consolidated reserves at ₹2029.93 crores against ₹1976.36 crores.

Balance Sheet Item: Standalone FY26 Standalone FY25 Consolidated FY26 Consolidated FY25 Total Assets (₹ cr): 2410.12 2445.05 2501.83 2521.77 Equity Share Capital (₹ cr): 12.04 12.04 12.04 12.04 Other Equity (₹ cr): 1938.45 1899.87 2029.93 1976.36 Total Equity (₹ cr): 1950.49 1911.91 2041.97 1988.40 Current Borrowings (₹ cr): 0.00 81.86 0.00 81.86

Dividend, AGM, and Key Corporate Dates

The Board of Directors has recommended a dividend of ₹2.00 per equity share of ₹2 each for the financial year 2025-26, subject to approval by members at the 66th Annual General Meeting. The communication was formally conveyed to the stock exchanges by S. Srinivas, Director (Finance) & Secretary, on May 12, 2026. The key corporate calendar dates are as follows:

Event: Date Record Date for Dividend: June 10, 2026 Book Closure (Start): June 11, 2026 Cut-off Date for e-Voting: June 13, 2026 Remote e-Voting Period: June 17, 2026 (09:00 AM) to June 19, 2026 (05:00 PM) 66th Annual General Meeting: June 20, 2026 (11:00 AM) Dividend Payment (if approved): On or after June 23, 2026

Servalakshmi Paper Acquisition Update

The company disclosed that the Hon'ble NCLT, Chennai bench, vide its order dated May 12, 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, and the Sales Certificate has been issued with assets handed over. Of the three appeals challenging the NCLT order filed before the Hon'ble NCLAT, two appeals were dismissed as withdrawn, and the remaining appeal has been heard and reserved for orders. The company continues to take steps for revival, refurbishment, and recommencement of operations at the acquired facility. Paper remains the only reportable segment of operation of the company.

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