What’s new

• FY26 revenue fell 6% to ₹409.94 crore.
• Net profit declined 20% to ₹32.75 crore.
• The board recommended a ₹2.50 per share dividend, steady year-on-year.

Why it matters

The results track the weaker trajectory visible in the nine-month update, so the annual numbers hold no surprise. The margin gap, however, is the key detail: a 20% profit drop on a 6% revenue slip points to rising costs or weaker pricing that hit profitability harder than the top line.

What we’re watching

• Whether management commentary addresses the margin pressure.
• Input-cost trends in the paper sector for the next fiscal year.
• The dividend payout's sustainability if earnings keep sliding.

The full read

Star Paper Mills' FY26 results confirm the softer trend. Revenue fell 6% to ₹409.94 crore. Net profit dropped 20% to ₹32.75 crore. The numbers were no surprise; they matched the earlier nine-month update. The dividend holds at ₹2.50 per share. The real takeaway is the margin gap. A 20% profit drop on a 6% revenue slip means profitability contracted faster than sales. Costs rose, or prices didn't hold. For a nano-cap, that divergence is what matters. Not a crisis. A trend.

Primary source: BSE · NSE