Saffron Industries Ltd (531436)
Latest quarterly results (Q1 FY27)
In its latest reported quarter, Q1 FY27, Saffron Industries' revenue was ₹1.1 Cr (-65.9% year on year, -26.0% on the previous quarter), and net profit ₹0.1 Cr (against a loss a year earlier); the operating margin was 10.7%.
| Q1 FY27 (₹ Cr) | Value | YoY vs Q1 FY26 | QoQ |
|---|---|---|---|
| Revenue | ₹1.1 | -65.9% | -26.0% |
| Operating profit | ₹0.1 | -93.9% | -77.0% |
| Net profit | ₹0.1 | from loss | -76.4% |
| EPS (₹) | 0.17 | from loss | -76.3% |
| Operating margin | 10.7% | — | — |
📢 Recent Corporate Announcements
Saffron Industries has issued its Notice and Integrated Annual Report for FY25-26 under Regulation 34. The company's 33rd Annual General Meeting (AGM) will be held on September 24, 2026, with the remote e-voting window open from September 21 to September 23, 2026. The accounting notes reiterate that the company has completely discontinued newsprint/paper manufacturing and converted factory land into real estate inventory for residential plot sales under a revenue-sharing MoU with promoter-group entity Navbharat Infraventures. For FY26, the micro-cap company recorded revenue of ₹5.43 crore and net profit of ₹0.99 crore against a negative net worth of ₹-8 crore.
- 33rd Annual General Meeting scheduled for Thursday, September 24, 2026 at 11:00 AM in Nagpur
- Remote e-voting period open from September 21, 2026 (9:00 AM) to September 23, 2026 (5:00 PM)
- Book closure dates fixed from September 17, 2026 to September 24, 2026 (both days inclusive)
- Ordinary business includes adoption of FY26 financial statements and re-appointment of retiring Whole Time Director Manoj Sinha
- Notes confirm paper manufacturing assets have been disposed of, transitioning fully into RERA-registered real estate plot development
Saffron Industries has approved the notice for its 33rd Annual General Meeting (AGM), scheduled for Thursday, September 24, 2026. The company will seek shareholder adoption of audited financial statements for the year ended March 31, 2026, and approve the reappointment of retiring director Mr. Manoj Rameshwar Sinha. The share transfer books and register of members will remain closed from September 17, 2026, to September 24, 2026.
- 33rd Annual General Meeting scheduled for September 24, 2026 at 11:00 AM in Nagpur
- Share transfer books closed from September 17, 2026 to September 24, 2026 (both days inclusive)
- Approval of Directors' Report and adoption of audited financials for FY ended March 31, 2026
- Re-appointment of Mr. Manoj Rameshwar Sinha (DIN: 07564967) retiring by rotation placed for approval
Saffron Industries reported a sharp 65.8% YoY decline in revenue to Rs 1.06 Cr for the quarter ended June 30, 2026. While the company turned a small profit of Rs 12.06 Lakhs compared to a loss of Rs 9.20 Lakhs in the year-ago period, profitability fell 76% sequentially from Q4 FY26. The business is now almost entirely dependent on Real Estate Development, as the legacy Paper Manufacturing segment contributed less than Rs 1 Lakh in revenue. Most critically, the company continues to operate with a deeply negative net worth of Rs 8.07 Cr.
- Revenue from operations fell 65.8% YoY to Rs 105.88 Lakhs from Rs 309.56 Lakhs.
- Net profit stood at Rs 12.06 Lakhs, a 76% decline from the Rs 50.98 Lakhs reported in the preceding quarter.
- Real Estate segment contributed 99.9% of total revenue, amounting to Rs 105.86 Lakhs.
- Negative Net Worth persists at Rs 8.07 Cr as of June 30, 2026, compared to Rs 8.19 Cr in March 2026.
- Paper manufacturing segment revenue was negligible at just Rs 0.79 Lakhs for the quarter.
Saffron Industries reported a significant 66% YoY decline in revenue to ₹1.06 Cr for the quarter ended June 30, 2026. Despite the revenue contraction, the company turned profitable with a net profit of ₹0.12 Cr, compared to a loss of ₹0.09 Cr in the same period last year, aided by lower depreciation and inventory adjustments. The company's operations are now almost entirely driven by Real Estate (99% of revenue), while its legacy Paper segment remains negligible. Crucially, the company continues to operate with a negative net worth of ₹8.07 Cr, indicating ongoing financial distress.
- Revenue from operations fell 66% YoY to ₹1.06 Cr from ₹3.10 Cr in Q1 FY26.
- Net profit improved to ₹0.12 Cr from a loss of ₹0.09 Cr in the previous year's corresponding quarter.
- Real Estate segment contributed ₹1.05 Cr (99%) to total revenue, while Paper manufacturing contributed only ₹0.79 Lakhs.
- Negative net worth persists at ₹8.07 Cr as of June 30, 2026.
- Total assets decreased slightly to ₹12.27 Cr from ₹11.97 Cr in March 2026.
Saffron Industries, a micro-cap paper products company with a market capitalization of Rs 19 Cr, has scheduled a board meeting for July 29, 2026. The meeting will focus on approving the unaudited financial results for the quarter ended June 30, 2026. This follows a fiscal year (FY25) where the company reported revenue of Rs 6.32 Cr and a net profit of Rs 2.81 Cr. Investors should note the company's negative net worth of Rs -8 Cr, which makes consistent profitability essential for structural recovery.
- Board meeting scheduled for July 29, 2026, to approve Q1 results.
- Trading window closed from July 1, 2026, until 48 hours post-announcement.
- Company reported a TTM revenue of Rs 9 Cr against a market cap of Rs 19 Cr.
- Net worth remains negative at Rs -8 Cr as per latest financial context.
- Operating profit margin (TTM) is notably high at 81.8%.
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