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Satia Industries Limited (SIL), a leading wood and agro-based paper manufacturer in India, reported revenues of INR 3,758 million for Q3FY25, reflecting a 10% QoQ growth but a 14% YoY decline due to pricing challenges from increased imports and muted demand.
Satia Industries Limited (SIL), a leading wood and agro-based paper manufacturer in India, reported revenues of INR 3,758 million for Q3FY25, reflecting a 10% QoQ growth but a 14% YoY decline due to pricing challenges from increased imports and muted demand. For 9MFY25, revenue stood at INR 11,153 million, with a steady volume growth of 1.4% YoY. Despite market pressures, the company maintains a healthy order book. SIL anticipates improved conditions in Q4FY25 due to seasonal demand, price recovery, and lower fuel costs. The PM3 renovation and soda recovery boiler projects are progressing, and the company plans to expand its cutlery business by adding 10 molding machines to support eco-friendly alternatives to plastic.