Balkrishna Paper Mills Q3 FY26 Unaudited Results Show Net Loss of ₹21.30 Lakhs
Balkrishna Paper Mills reported a net loss of ₹21.30 Lakhs for Q3 FY26, an improvement from ₹180.68 Lakhs in Q3 FY25. Nine-month net loss was ₹375.94 Lakhs (vs. ₹122.28 Lakhs profit). Revenue from operations increased to ₹171.08 Lakhs for the quarter. Auditors noted a material uncertainty regarding the company's going concern status.
The qualified audit report regarding the company's going concern status and the substantial negative net worth indicate a significant financial risk, which can have a high impact on investor confidence and the company's future operations.
The company reported a net loss for the quarter and nine months, and auditors have raised concerns about its ability to continue as a going concern due to a negative net worth, despite an improvement in revenue and a reduced net loss compared to the previous year's quarter.
Balkrishna Paper Mills Limited announced its un-audited financial results for the quarter and nine months ended December 31, 2025. The company reported a net loss of ₹21.30 Lakhs for the quarter ended December 31, 2025, compared to a net loss of ₹180.68 Lakhs in the same period last year. For the nine months ended December 31, 2025, the company reported a net loss of ₹375.94 Lakhs, a significant improvement from a net profit of ₹122.28 Lakhs in the corresponding period of the previous fiscal year.
Revenue from operations for the quarter stood at ₹171.08 Lakhs, up from ₹65.34 Lakhs in the previous year. For the nine months, revenue from operations was ₹384.25 Lakhs, compared to ₹232.36 Lakhs in the prior year. The company's finance costs remain substantial, with ₹174.26 Lakhs in the current quarter.
The manufacturing of paper and paperboard at Ambivali has been discontinued, and its results are reported under discontinued operations. This segment reported a profit of ₹180.40 Lakhs for the quarter and ₹98.50 Lakhs for the nine months ended December 31, 2025. An exceptional item of ₹193.27 Lakhs was recorded in the current quarter and nine months, primarily due to sundry credit balances written back.
The auditors, M/s D S M R & Co, have issued a qualified conclusion, highlighting a material uncertainty regarding the company's ability to continue as a going concern due to its negative net worth of ₹17,268.89 Lakhs as of December 31, 2025. The company's ability to continue as a going concern depends on its ability to generate expected cash flows to meet its obligations.
The trading window for insiders was closed from October 1, 2025, and reopened 48 hours after the results were made public on February 10, 2026.
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Balkrishna Paper Mills Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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