Satia Industries Limited — Investor Meet, 30-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Satia Industries reported Q4 revenue of ₹396.7 Cr, down 8% YoY but up 6% QoQ, with EBITDA at ₹61.5 Cr (+16% QoQ) and PAT of ₹35.4 Cr. Full-year revenue fell 12% to ₹1,512 Cr, EBITDA down 35% to ₹270.3 Cr, and PAT at ₹118.6 Cr amid pricing pressures from ASEAN imports. A ₹225 Cr CAPEX will upgrade PM3, boosting capacity 10-15% but causing a 6-month shutdown and 10-15% volume drop in FY26. Efficiency improvements from a soda recovery boiler are planned for FY28. Demand is supported by government education spending, with utilization near 90%. Management is cautiously optimistic on margin recovery and growth in premium paper and sustainable cutlery, despite near-term volume impact. Debt repayment of ₹134 Cr completed; final dividend of 20% approved.