Orient Press posts Rs 2.6233 crore packaging segment loss

Orient Press Limited reported a Rs 2.6233 crore flexible packaging segment loss for the quarter ended September 30, 2026, while printing earned Rs 3.7608 crore. Orient Press’s combined segment profit was Rs 60.06 lakh, but finance costs of Rs 1.5838 crore contributed to a standalone net loss of Rs 63.60 lakh.

Which Orient Press segments produced revenue in the September 2026 quarter?

Orient Press reported Rs 30.0315 crore of gross segment revenue in the quarter ended September 30, 2026, led by printing at Rs 12.392 crore, followed by flexible packaging at Rs 11.0141 crore and paper board packaging at Rs 6.2905 crore. Others, identified in the filing as the candles business, contributed Rs 33.49 lakh.

After Rs 1,000 of inter-segment revenue, Orient Press recorded Rs 30.0314 crore of revenue from operations. This was lower than Rs 37.508 crore in the quarter ended September 30, 2025, when gross segment revenue was Rs 37.6264 crore and inter-segment revenue was Rs 1.84 lakh.

Printing revenue fell Rs 5.898 crore year on year, while flexible packaging revenue declined Rs 2.5642 crore. Paper board packaging was the only major operating segment to report higher revenue, increasing Rs 59.69 lakh from Rs 5.6936 crore in the September 2025 quarter.

The filing identifies printing, flexible packaging and paper board packaging as the three reportable business segments under Indian Accounting Standard 108, or Ind AS 108, on segment reporting. The candles business is included under Others, which reported Rs 37.87 lakh of revenue in the half year ended September 30, 2026.

How did Orient Press printing compare with flexible packaging?

Orient Press’s printing segment delivered Rs 3.7608 crore of profit before finance costs, exceptional items and tax in the September 2026 quarter, compared with a Rs 2.6233 crore loss in flexible packaging. Printing’s profit therefore exceeded the flexible packaging loss by Rs 1.1375 crore at the segment-result level.

Printing profit rose from Rs 3.2134 crore a year earlier even though its revenue declined to Rs 12.392 crore from Rs 18.29 crore. Flexible packaging’s loss narrowed from Rs 2.7606 crore in the September 2025 quarter, but it remained negative despite Rs 11.0141 crore of revenue.

Paper board packaging generated Rs 5.53 lakh of segment profit, down from Rs 12.65 lakh a year earlier. The candles business recorded a Rs 59.22 lakh loss, compared with a Rs 9.18 lakh loss in the prior-year quarter, reducing the benefit from printing’s higher profit.

The four segment outcomes produced total segment profit of Rs 60.06 lakh, up from Rs 51.75 lakh in the September 2025 quarter. The segment measure excludes finance costs, exceptional items and tax, as specified in Orient Press’s segment disclosure.

Why did Orient Press report a quarterly net loss?

Orient Press reported a Rs 63.60 lakh standalone net loss because Rs 1.5838 crore of finance costs exceeded its Rs 60.06 lakh aggregate segment profit. The segment reconciliation also shows Rs 11.81 lakh of net unallocable income, recorded as negative unallocable expenditure, which was insufficient to cover finance costs.

The resulting loss before exceptional items and tax was Rs 86.51 lakh, compared with a Rs 1.0213 crore pre-tax loss in the quarter ended September 30, 2025. Orient Press reported no exceptional items in either of these quarterly comparisons.

A deferred-tax benefit of Rs 22.91 lakh reduced the September 2026 pre-tax loss to the Rs 63.60 lakh loss after tax. In the comparable quarter, a Rs 26.58 lakh deferred-tax benefit reduced the Rs 1.0213 crore pre-tax loss to a Rs 75.55 lakh net loss.

Revenue from operations was Rs 30.0314 crore and other income was Rs 1.0833 crore, giving total income of Rs 31.1147 crore for the quarter. Total expenses were Rs 31.9798 crore, leaving the Rs 86.51 lakh loss before tax; total comprehensive loss was Rs 59.71 lakh after Rs 3.89 lakh of other comprehensive income.

What does Orient Press’s half-year segment performance show?

Orient Press recorded Rs 51.5591 crore of revenue from operations and a Rs 1.8886 crore net loss for the half year ended September 30, 2026. In the corresponding half year ended September 30, 2025, revenue was Rs 63.8539 crore and net loss was Rs 1.547 crore.

Printing earned Rs 4.9255 crore of segment profit in the six-month period, down from Rs 6.0473 crore a year earlier. Its half-year revenue fell to Rs 16.5336 crore from Rs 28.4922 crore, a decline of Rs 11.9586 crore.

Flexible packaging reported a Rs 4.5591 crore loss for the half year, compared with a Rs 1.9288 crore loss in the corresponding 2025 period. Its revenue decreased to Rs 22.7066 crore from Rs 25.8149 crore, while paper board packaging’s revenue increased to Rs 11.9416 crore from Rs 9.8663 crore.

Paper board packaging contributed Rs 44.23 lakh of half-year profit, compared with Rs 78.30 lakh a year earlier, and the candles business recorded a Rs 66.87 lakh loss. Total segment profit consequently fell to Rs 13.97 lakh from Rs 1.0346 crore, before Rs 3.0356 crore of finance costs led to a Rs 2.5653 crore pre-tax loss.

How was Orient Press capital employed across segments?

Orient Press assigned Rs 53.8885 crore of segment assets to flexible packaging at September 30, 2026, compared with Rs 45.3933 crore for printing and Rs 23.2767 crore for paper board packaging. Flexible packaging assets were lower than Rs 58.9382 crore a year earlier, while printing assets were close to Rs 45.4257 crore.

Flexible packaging had Rs 14.1124 crore of segment liabilities at September 30, 2026, down from Rs 17.8114 crore at September 30, 2025. Printing liabilities fell to Rs 6.1958 crore from Rs 10.8823 crore, while paper board packaging liabilities rose to Rs 7.2475 crore from Rs 6.3016 crore.

Capital employed, defined by Orient Press as segment assets minus segment liabilities, was Rs 39.7761 crore in flexible packaging and Rs 39.1975 crore in printing. Paper board packaging had Rs 15.9892 crore of capital employed, while the candles business had Rs 2.7739 crore and unallocated capital employed was negative Rs 35.0699 crore.

Total capital employed was Rs 62.6668 crore at September 30, 2026, compared with Rs 64.0303 crore at March 31, 2026. The segment disclosure sets out these asset, liability and capital allocations, but it does not provide a reason for the flexible packaging loss.

Conclusion

Orient Press’s September 2026 quarter combined a Rs 3.7608 crore printing profit with a Rs 2.6233 crore flexible packaging loss, a Rs 59.22 lakh candles-business loss and Rs 1.5838 crore of finance costs. Those items moved the company from Rs 60.06 lakh of total segment profit to a Rs 63.60 lakh standalone net loss.

The next result to watch is whether flexible packaging’s loss changes from the Rs 4.5591 crore reported for the half year ended September 30, 2026, against Rs 1.9288 crore a year earlier. Orient Press’s Board approved the unaudited results on November 5, 2026 after Audit Committee review, and the statutory auditors completed a limited review.