Shree Rama Newsprint Q1 FY27 loss widens to ₹10.5 cr

Key development in the June 2026 quarter

Shree Rama Newsprint & Papers Ltd reported a consolidated loss of ₹10.499 crore for the quarter ended June 30, 2026, slightly wider than the ₹10.278 crore loss in the same quarter a year earlier. The company’s Board of Directors approved the unaudited financial results on August 13, 2026. The board also approved the Director’s Report for FY26.

The numbers show a familiar pattern for the company: operating revenue improved year-on-year, but elevated finance costs and overall expenses continued to weigh on profitability. The quarter also includes a separate loss from discontinued operations linked to the Paper Division, which has been classified as discontinued since FY23.

Board approval and compliance actions

The company stated that the unaudited results were approved on August 13, 2026. Separately, under SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the company’s securities was closed from July 1, 2026 until 48 hours after the public announcement of the unaudited financial results for the quarter ended June 30, 2026.

The corporate calendar in the provided disclosures also lists board and results-related dates including audited results (revised) on May 25, 2026 and prior quarterly results announcements on February 7, 2026, November 13, 2025, and August 12, 2025.

Q1 FY27 performance snapshot

For the June 2026 quarter, revenue from operations for continuing operations increased to ₹9.722 crore from ₹9.173 crore in the year-ago quarter. Total income for the quarter was ₹11.388 crore, supported by other income of ₹1.667 crore.

But total expenses increased sharply to ₹20.77 crore. Finance costs remained the largest identifiable component at ₹9.195 crore, compared with ₹9.048 crore in the prior year quarter.

The company reported a loss before tax from continuing operations of ₹9.382 crore. Discontinued operations added a further loss of ₹1.117 crore, taking the consolidated loss for the quarter to ₹10.499 crore.

Revenue and other income: modest lift

The rise in revenue from operations to ₹9.722 crore indicates an improvement versus the comparable quarter last year. Total income of ₹11.388 crore was higher than operating revenue because other income was ₹1.667 crore for the quarter.

The disclosures do not break down the specific sources of other income. Still, the size of other income relative to operating revenue is notable in the context of total income.

Expenses and finance costs stayed heavy

Total expenses of ₹20.77 crore were nearly double total income for the quarter, keeping the company in a sizeable loss position. Finance costs of ₹9.195 crore remained elevated, slightly higher than the ₹9.048 crore recorded in the year-ago quarter.

The gap between income and expenses is visible in the loss before tax for continuing operations at ₹9.382 crore. With finance costs close to operating revenue, the income statement remains sensitive to borrowing costs.

Continuing operations vs discontinued operations

The company disclosed that discontinued operations, related to the Paper Division classified as such in FY23, contributed an additional loss of ₹1.117 crore in the June 2026 quarter. The continuing operations loss before tax was ₹9.382 crore.

This split is important for readers tracking underlying performance, because the consolidated number includes the discontinued segment’s impact.

Debt update: ZCD redemption

Shree Rama Newsprint Limited also disclosed that it redeemed the second installment of its unlisted, secured, redeemable Zero Coupon Non-Convertible Debentures (ZCDs) amounting to ₹14.125 crore.

The update is relevant given the company’s persistently high finance costs, though the disclosure provided does not quantify the resulting interest-cost impact in subsequent quarters.

Summary table: June 2026 quarter vs year-ago

Recent quarterly trend (figures in ₹ crore)

The disclosures also provided a snapshot of quarterly results up to March 2026.

Market impact and investor watchpoints

The provided data points show Shree Rama Newsprint’s share price at ₹33.45 (also referenced as ₹33 as of August 5, 2026 at 04:14). The market capitalisation is listed at ₹492.3 crore as of August 5, 2026 at 04:14.

On the earnings timeline, the disclosures also reference “Earnings: Expected on 13/08/2026,” aligning with the board approval date of August 13, 2026 for the June 2026 quarter results.

Analysis: finance costs dominate the P&L

The June 2026 quarter again highlights the company’s core challenge: even when operating revenue improves, finance costs remain large relative to the business scale. In Q1 FY27, finance costs were ₹9.195 crore versus revenue from operations of ₹9.722 crore, leaving limited room for the company to absorb other operating expenses.

The additional loss from discontinued operations (Paper Division classified as discontinued since FY23) further depresses the consolidated bottom line. Investors tracking the business typically separate continuing operations from discontinued operations, because the discontinued segment can obscure changes in the ongoing business.

The ZCD redemption of ₹14.125 crore is a notable balance sheet event in the quarter’s context. However, the disclosures provided do not specify the post-redemption debt mix or a quantified reduction in finance costs.

Conclusion

Shree Rama Newsprint’s June 2026 quarter showed higher operating revenue but a slightly wider consolidated loss at ₹10.499 crore, with finance costs staying near ₹9.2 crore. The board approved the unaudited results on August 13, 2026, and the company also disclosed redemption of ₹14.125 crore of ZCDs. Market participants will watch subsequent quarters for any visible easing in finance costs and clarity on the impact of discontinued operations on consolidated performance.