Star Paper Mills LimitedQuarter ended June 30, 2026 Results & Financial Update
Star Paper Mills Limited: Quarter ended June 30, 2026 standalone results and company financials – revenue ₹103.46 Cr, PAT ₹11.01 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
Quarter at a glanceReported figures and period changes.Changes compare like-for-like reported periods where available.
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Quarterly Results AnalysisExplore Star Paper Mills Quarter ended June 30, 2026 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
During the quarter ended June 30, 2026, Star Paper Mills Limited reported revenue from operations of INR 103.46 crore, reflecting a moderate increase compared to INR 101.16 crore in the corresponding quarter of the previous year.
Total income for the quarter stood at INR 117.40 crore, supported by other income of INR 13.94 crore which included unrealized gains on the fair valuation of investments in mutual fund units amounting to INR 9.47 crore.
Profit before tax (PBT) for Q1 FY27 was recorded at INR 14.77 crore compared to INR 16.32 crore in Q1 FY26, showing a slight contraction on a year-on-year basis due to shifts in input cost structures.
Profit after tax (PAT) for the quarter came in at INR 11.01 crore, translating to basic and diluted earnings per share (EPS) of INR 7.05 each.
Cost of materials consumed increased to INR 56.07 crore from INR 50.53 crore in the year-ago period, exerting pressure on direct input expenses.
Power and fuel expenses, a major cost component for paper manufacturing, stood at INR 17.89 crore during the quarter compared to INR 16.83 crore in Q1 FY26.
Employee benefits expense was reported at INR 8.91 crore, rising from INR 7.40 crore in the corresponding period of the previous year.
Finance costs remained well-controlled at INR 0.22 crore, while depreciation and amortisation expenses were recorded at INR 1.74 crore for the quarter.
01 · Business model
What does Star Paper Mills do?
Star Paper Mills Limited manufactures paper, paper board, and related products, operating out of its manufacturing facilities in Saharanpur, Uttar Pradesh.
The company generates its primary revenue from operations through the sale of various paper and paperboard grades to diverse commercial and industrial end-markets.
As an ISO 9001, ISO 14001, and OHSMS 18001 certified company, Star Paper functions under the Duncan Goenka group, serving domestic packaging, writing, and printing paper segments.
02 · Historical context
What shaped the business before this quarter
The company has historically maintained quality and environmental management accreditations, holding ISO 9001, ISO 14001, and OHSMS 18001 certifications across its operations.
03 · Financial snapshot
Current quarter vs the two useful baselines
| Metric | Quarter ended June 30, 2026 | Year-ago | Previous quarter |
|---|---|---|---|
| Revenue from operations | ₹103.46 Cr | ₹101.16 Cr | ₹112.59 Cr |
| Total income | ₹117.40 Cr | ₹113.02 Cr | ₹107.02 Cr |
| Profit before tax | ₹14.77 Cr | ₹16.32 Cr | ₹-3.49 Cr |
| Profit after tax | ₹11.01 Cr | ₹12.31 Cr | ₹-1.29 Cr |
| EPS | ₹7.05 | ₹8.21 | ₹-0.83 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 10.6% 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 14.3% 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 ₹13.94 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 reached INR 103.46 crore in Q1 FY27, up from INR 101.16 crore in Q1 FY26, driven by steady product off-take.
Total income was augmented by other income of INR 13.94 crore, which included an unrealized gain of INR 9.47 crore from the fair valuation of mutual fund investments.
What drove margins
Cost of materials consumed rose to INR 56.07 crore during the quarter, reflecting higher raw material input costs compared to INR 50.53 crore in Q1 FY26.
Energy costs represented a key operational expenditure at INR 17.89 crore, compared to INR 16.83 crore in the corresponding quarter of the previous year.
Employee benefits expense increased to INR 8.91 crore from INR 7.40 crore in Q1 FY26.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
The company operates in a single operating segment comprising paper, paper board, and related products as per Ind AS 108 disclosures.
06 · Reported developments
What changed operationally
Net profit showed a significant sequential recovery compared to the previous quarter ended March 31, 2026.
07 · Pressure points & risks
What is not going smoothly
Profit before tax and profit after tax both registered minor year-on-year contractions due to rising material consumption and operating overheads.
08 · Items worth noticing
The line items that can distort a quick read
Other income includes an unrealized gain of INR 9.47 crore on the fair valuation of investments in mutual fund units during the quarter.
09 · Beyond the numbers
What changed beyond the numbers
Reported update
New Labour Codes Evaluation
The Government of India notified new Labour Codes effective November 21, 2025. The company noted that its present emoluments are broadly in line with these codes and it continues to monitor developments for any consequential adjustments.
Reported update
Auditor Review
The financial results for Q1 FY27 were reviewed by statutory auditors Lodha & Co LLP, who issued an unmodified review report.
10 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations moved from INR 112.59 crore in Q4 FY26 to INR 103.46 crore in Q1 FY27.
11 · Key Q&A
The quarter, answered directly
What does Star Paper Mills do?
Star Paper Mills Limited manufactures paper, paper board, and related products, operating out of its manufacturing facilities in Saharanpur, Uttar Pradesh.
What is the clearest takeaway from Quarter ended June 30, 2026?
During the quarter ended June 30, 2026, Star Paper Mills Limited reported revenue from operations of INR 103.46 crore, reflecting a moderate increase compared to INR 101.16 crore in the corresponding quarter of the previous year.
What drove revenue or demand?
Revenue from operations reached INR 103.46 crore in Q1 FY27, up from INR 101.16 crore in Q1 FY26, driven by steady product off-take.
What mattered most for margins or profitability?
Cost of materials consumed rose to INR 56.07 crore during the quarter, reflecting higher raw material input costs compared to INR 50.53 crore in Q1 FY26.
What changed operationally beyond the headline numbers?
The Government of India notified new Labour Codes effective November 21, 2025. The company noted that its present emoluments are broadly in line with these codes and it continues to monitor developments for any consequential adjustments.
What are the main pressure points disclosed for the quarter?
Profit before tax and profit after tax both registered minor year-on-year contractions due to rising material consumption and operating overheads.
12 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Starting point
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Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.
Scenario output
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Profit change vs base₹0 cr (0%)
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Growth needed to keep profit flat after this margin move0%
The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
13 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Input Cost Trends: Monitor the trajectory of raw material consumption and power and fuel expenses in subsequent quarters.
- 02
Labour Code Implementation: Track further regulatory notifications regarding the new Labour Codes and potential financial impacts.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.