Satia Industries Limited (SIL), one of the leading writing and printing paper manufacturers in India, announced its financial results for the second quarter and half year ended September 30, 2026. The company reported revenues of INR 2,755 Mn for Q2 FY27, a 11% year-on-year decrease from INR 3,111 Mn in Q2 FY26 and a 24% quarter-on-quarter decline from INR 3,618 Mn in Q1 FY27.

Financial Performance

The EBITDA for Q2 FY27 was INR 61 Mn, a significant drop of 19% year-on-year from INR 66 Mn in Q2 FY26 and a 112% decrease quarter-on-quarter from INR 508 Mn in Q1 FY27. The EBITDA margin stood at 2.2%, down from 2.1% in Q2 FY26. The company reported a net loss of INR 275 Mn in Q2 FY27, compared to a net loss of INR 245 Mn in Q2 FY26 and INR 171 Mn in Q1 FY27.

Management Comments

Commenting on the financial results, Executive Director Mr. Chirag Satia, said: “Demand remained steady during the quarter, while realisations improved year-on-year amid moderation in import dumping. However, elevated raw-material costs continued to weigh on profitability, particularly agro-based raw-material including wheat straw. The renovation and modernisation of PM3, completed towards the end of September 2026, marks an important milestone in the Company’s ongoing efforts to strengthen its manufacturing capabilities. With the upgraded machine, the focus has shifted towards ramping up production and stabilising operations, expected to enhance production capabilities, improve product quality and strengthen operating efficiencies. Looking ahead, the operating environment is showing encouraging signs, with demand picking up and paper prices improving since the end of Q2 FY27. With the post-Diwali period typically witnessing stronger seasonal demand, the Company remains focused on progressively ramping up production and stabilising operations following the commissioning of PM3. As operations normalise, the focus will be on improving capacity utilisation and operating efficiencies, while maintaining a disciplined approach towards raw-material and other input costs.”

About Satia Industries Limited: Satia Industries Limited (SIL) is one of the leading Writing and Printing paper manufacturers in India. SIL was incorporated by Dr Ajay Satia in 1980 and commenced its operations in 1984 with a small capacity of 4,950 tonne per year. The total installed production capacity for SIL exceeds over 2,00,000 MTPA. In last three decades, SIL has witnessed a complete transformation in its operations, and it has become fully backward integrated having integrated pulping, chemical recovery, and power self-sufficiency. SIL has approximately 500 acres of eucalyptus plantations, developed as per Karnal Technology, consumes total treated water discharge, and compliments the future wood raw material requirements. SIL has a strong Pan-India distribution network with 100+ dealers and three branch offices located in Delhi, Chandigarh & Jaipur with total Employee strength of 2,600+.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Satia Industries Limited

Satia Industries Limited belongs to the Basic Materials › Paper & Paper Products sector. Here’s a quick read on where the business and the stock stand today.

Satia moves sideways over three months, with neither buyers nor sellers taking control. Razor-thin margins below 5% make profitability extremely vulnerable — this business needs scale or pricing power urgently. 2 loss quarter(s) over five years signals earnings fragility — not chronic but worth noting. RSI stands at 31, well into oversold territory. Yet sellers still dominated on 16 of recent sessions versus 14 for buyers, so the pressure has not fully lifted. Revenue grows at -8.3% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of Satia Industries Limited.