SATIA.NSE Satia Industries Ltd.
57
129.20
0.75
(0.58%)
| Market Cap | 12.92B |
| Volume (M) | 2.04M |
| 52-Wk High | 144.40 |
| 52-Wk Low | 101.00 |
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Satia Industries jumps 4% on Rs 340-crore order winsMoneycontrol • 2 months ago
The orders signal a surge in demand for writing and printing paper with New Education policy is being implemented across the country, the company said
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Satia Industries announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2023.
RK Bhandari, joint managing director of Satia Industries said, “These multiple order wins are reflective of our long-standing association with important customers and thank them for their trust in the quality and commitment of Satia Industries to deliver high volumes, well in time both being imperative for delivery of textbooks to the students before the new academic year. Orders from text-book boards also give revenue visibility to the company at attractive prices. Such orders command higher operating margins as compared to open market.”Satia Industries is one of the largest Wood and Agro-based paper manufacturer in India. The company has a total installed capacity to 205,000 MTPA. The company is fully backward integrated, having integrated pulping, chemical recovery and power self sufficiency.The companys net profit jumped 178.27% to Rs 84.15 crore in the quarter ended June 2023 as against Rs 30.24 crore during the previous quarter ended June 2022. Sales rose 15.38% to Rs 481.17 crore in Q1 FY24 over Q1 FY23.
Satia Industries has bagged major contracts for supply of paper for printing textbooks from Orissa, Himachal Pradesh and West Bengal for totals valuing Rs 96.50 crore for immediate execution; this demonstrates buyers trust in Satia companys potential to fulfil upcoming enhanced demand of writing and printing paper with New Education policy (NEP).
Satia Industries will hold a meeting of the Board of Directors of the Company on 28 April 2023.
Satia Industries bagged three major contracts for supply of paper for printing textbooks from Bal Bharti, Pune, Maharashtra; Punjab School Education Board, Mohali, Punjab and UP. The order totals over 17,000 tons worth a value of almost Rs 200 crore for execution in the Q4FY23.
Satia Industries bagged three major contracts for supply of paper for printing textbooks from Bal Bharti, Pune, Maharashtra; Punjab School Education Board, Mohali, Punjab and UP. The order totals over 17,000 tons worth a value of almost Rs 200 crore for execution in the Q4FY23; this demonstrates buyers trust in Satia companys potential to fulfil upcoming enhanced demand of writing and printing paper with New Education policy (NEP). RK Bhandari, joint managing director of Satia Industries said, “These multiple order wins are reflective of our long-standing association with important customers and thank them for their trust in the quality and commitment of Satia Industries to deliver high volumes, well in time both being imperative for delivery of textbooks to the students before the new academic year. Orders from text-book boards also give revenue visibility to the company at attractive prices. Such orders command higher operating margins as compared to open market.”Satia Industries is one of the largest wood and agro-based paper manufacturers in India. The company‘s consolidated net profit surged 150.7% to Rs 50.82 crore on 145.9% jump in net sales to Rs 459.28 crore in Q2 FY23 over Q2 FY22.
The paper stocks were buzzing last week as we witnessed buying interest in some of the counters with good volumes. Satia Industries has seen a breakout from a long consolidation phase and has resumed its uptrend with a ‘Higher Top Higher Bottom’ structure
