Satia Industries Limited (SIL), is one of the largest Wood and Agro-based paper manufacturer in India.
It surprisingly overtook many of its peers in production achieve, to 2,13,804 MT in FY24 implying a capacity utilization of 98%.
SIL has successfully commissioned their PM 4 and has augmented its total installed capacity to 219,000 MTPA.
Marked by the industry headwinds with respect to.
to softness in pricing and challenging demand environment, the company saw a 9% decline in revenues to INR 17,208 Mn in FY24.
For Q4FY24, the revenues were INR 4,306 Mn.
Commenting on the financial results for FY 23-24 and Q4, Executive Director Mr.
Chirag Satia, said,FY24 demonstrated our resilience.
Despite facing industry headwinds, we are pleased to have improved our profitability this year.
This success was driven by our strong relationships with state textbook boards and our stringent expense control.
For FY24, our revenues were INR 17,208 Mn.
Although this represents a decline due to lower paper prices, it is noteworthy that our volumes remained steady.
Currently, we have a strong order book covering more than one month of revenues.
These orders provide a buffer against adverse industry�impacts.