Satia Industries in Q1 FY27: Margin Repair, PM3 Upgrade, and a Growing Tableware Bet

The company manufactures writing, printing and speciality paper, and also has a tableware products vertical focused on cutlery.

The presentation states total installed capacity is over 2,00,000 MTPA, supported by four paper machines, including PM4 of 100,000 MTPA commissioned in FY22.

North 58%, East 16%, West 10%, Central 6%, South 3%, and Export 7%, as disclosed in the presentation.

Management stated the PM3 modernization and upgradation work is expected to continue for 4 to 5 months and is expected to improve capacity, product quality and operating efficiency.

The presentation states there are 15 total cutlery units, old machines are operating at 100% capacity, inventory has been scaled up, and cup moulding machinery is being added with production expected from Q2 FY27.

Income declined from 17,208 million in FY24 to 14,519 million in FY26; EBITDA declined from 4,187 million to 1,318 million; PAT declined from 2,112 million to 409 million, and Q1 FY27 PAT was -171 million.