Balkrishna Paper Mills LimitedQ1 FY27 Results & Financial Update
Balkrishna Paper Mills Limited: Q1 FY27 standalone results and company financials – revenue ₹1.76 Cr, PAT ₹-1.80 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Quarterly Results AnalysisExplore Balkrishna Paper Mills Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.
Quarter overview
Quarterly earnings analysis
Balkrishna Paper Mills reported revenue from operations of INR 1.7590 crore (INR 175.90 lakhs) for the quarter ended June 30, 2026, alongside other income of INR 0.0272 crore, bringing total income to INR 1.7862 crore.
Total expenses for the quarter stood at INR 3.2181 crore, driven largely by material costs of INR 1.6352 crore and finance costs of INR 1.2967 crore, leading to a loss before tax from continuing operations of INR 1.4319 crore.
Net loss from continuing operations reached INR 1.4319 crore for the period, while discontinued operations contributed an additional net loss of INR 0.3654 crore, resulting in a total net loss of INR 1.7973 crore for Q1 FY27.
Basic and diluted earnings per share (EPS) for continuing operations stood at negative INR 0.45, while discontinued operations added negative INR 0.11, resulting in a total basic and diluted EPS of negative INR 0.56 for the quarter.
Statutory auditors DSMR & Co issued a modified review report carrying a qualified conclusion, highlighting that the company's net worth stood at a negative INR 177.2383 crore as of June 30, 2026.
The statutory auditors noted that the discontinuance of manufacturing activities at Ambivali and the negative net worth create a material uncertainty casting significant doubt on the company's ability to continue as a going concern.
Management maintains that the financial statements are appropriately prepared on a going concern basis, citing growing sales turnover in the paper and paperboard trading business and potential cash flows from exploring other available corporate resources.
01 · Business model
What does Balkrishna Paper Mills do?
Balkrishna Paper Mills Limited operates as a trading entity engaged in the business of paper and paperboards after discontinuing its manufacturing operations.
The company previously manufactured paper and paperboards at its facility situated in Ambivali, a manufacturing activity that was formally discontinued by board decision on November 13, 2024.
Following the cessation of its plastic and packaging trading activities effective April 1, 2026, the company operates under a single consolidated reporting segment centered exclusively on paper and paperboard trading.
02 · Historical context
What shaped the business before this quarter
On November 13, 2024, the Board of Directors decided to discontinue the manufacturing activity of paper and paperboards at Ambivali, shifting the operational model toward trading.
The company previously engaged in trading plastic and packaging materials, but officially ceased this segment on April 1, 2026, leaving paper and paperboard trading as its sole operating segment under Ind AS 108.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q1 FY27 |
|---|---|
| Revenue from operations | ₹1.76 Cr |
| Total income | ₹1.79 Cr |
| Profit before tax | ₹-1.43 Cr |
| Profit after tax | ₹-1.80 Cr |
| EPS | ₹-0.56 |
Financial interpretation
What the reported numbers mean
Profit after tax represented -102.2% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to -81.4% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹0.03 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
Revenue from operations exclusively reflects the trading of paper and paperboard products, generating INR 1.7590 crore for the quarter.
The company recorded other income of INR 0.0272 crore from continuing operations during the quarter.
What drove margins
Cost of materials consumed in the trading business amounted to INR 1.6352 crore for the quarter.
Finance costs remained elevated at INR 1.2967 crore, exerting sustained pressure on profitability alongside operating overheads.
Employee benefit expenses stood at INR 0.1572 crore, while other operating expenses accounted for INR 0.1258 crore during Q1 FY27.
05 · Strategy & new businesses
How the company is trying to change its growth mix
With manufacturing at Ambivali discontinued, the enterprise relies entirely on sourcing and trading paper and paperboard products to rebuild operational momentum.
06 · Reported developments
What changed operationally
Management noted that sales turnover in the paper and paperboard trading business showed expansion compared to prior periods, providing an operational foundation for recovery.
07 · Pressure points & risks
What is not going smoothly
The company's net worth stood at a negative INR 177.2383 crore as of June 30, 2026, prompting statutory auditors to issue a modified conclusion regarding material uncertainty on the going concern assumption.
Discontinued manufacturing operations at Ambivali added a net loss of INR 0.3654 crore during the quarter.
08 · Beyond the numbers
What changed beyond the numbers
Reported update
Auditor Qualification and Going Concern
Statutory auditors D S M R & Co drew attention to note 3 of the financial results, stating that the company's ability to continue as a going concern is entirely dependent on generating expected cash flows to meet obligations as they arise.
09 · Key Q&A
The quarter, answered directly
What does Balkrishna Paper Mills do?
Balkrishna Paper Mills Limited operates as a trading entity engaged in the business of paper and paperboards after discontinuing its manufacturing operations.
What is the clearest takeaway from Q1 FY27?
Balkrishna Paper Mills reported revenue from operations of INR 1.7590 crore (INR 175.90 lakhs) for the quarter ended June 30, 2026, alongside other income of INR 0.0272 crore, bringing total income to INR 1.7862 crore.
What drove revenue or demand?
Revenue from operations exclusively reflects the trading of paper and paperboard products, generating INR 1.7590 crore for the quarter.
What mattered most for margins or profitability?
Cost of materials consumed in the trading business amounted to INR 1.6352 crore for the quarter.
What changed operationally beyond the headline numbers?
With manufacturing at Ambivali discontinued, the enterprise relies entirely on sourcing and trading paper and paperboard products to rebuild operational momentum.
What are the main pressure points disclosed for the quarter?
The company's net worth stood at a negative INR 177.2383 crore as of June 30, 2026, prompting statutory auditors to issue a modified conclusion regarding material uncertainty on the going concern assumption.
10 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
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11 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Cash Flow Generation: Monitor the company's ability to generate sufficient cash flows from paper trading and explore available resources to service obligations and address negative net worth.
- 02
Trading Revenue Trajectory: Track sequential revenue growth in the paper and paperboard trading segment to evaluate operational turnaround progress.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.