Pakka Ltd-$ — Q1 FY27 earnings call
Summary generated by AI from the official transcript Pakka Ltd-$ filed with BSE on 30 Sept 2026. Every statement cites a verbatim quote from that document — open any citation to read it. This is a record of what management said, not a recommendation. How we check these summaries
The short read
Pakka Limited reported standalone revenue of Rs. 355.80 crore and net profit of Rs. 18.15 crore for FY2025-26, down from Rs. 406.04 crore and Rs. 56.70 crore respectively in the prior year, with management attributing the decline to planned shutdowns, equipment breakdowns, project delays and pricing pressure from increased imports. The Board did not recommend a dividend for FY2025-26, citing the need to retain earnings for liquidity and ongoing projects. Management described an improvement in the June 2026 quarter, with consolidated revenue of Rs. 117.19 crore and profit after tax of Rs. 5.89 crore, and discussed the status of Project Jagriti, export performance, raw material contracts and plans to improve profitability.
1 statement from this call is not shown because its supporting quote could not be reproduced within our quoting limits. Nothing shown here is affected: every statement on this page carries its verified quote.
Numbers mentioned
Standalone revenue from operations: Rs. 355.80 crore (FY2025-26)
p. 4
“On a standalone basis, revenue from operations was Rs. 355.80 crore compared with Rs. 406.04 crore in the previous year.”
Pradeep Vasant Dhobale, page 4 of the filed PDF · View the filing
Unaudited consolidated revenue from operations: Rs. 117.19 crore (Q1 FY2026-27)
p. 4
“Unaudited consolidated revenue from operations for the quarter ended 30th June, 2026 was Rs. 117.19 crore, compared with Rs. 81.97 crore in the corresponding quarter of the previous year.”
Pradeep Vasant Dhobale, page 4 of the filed PDF · View the filing
Group profit after tax: Rs. 5.89 crore (Q1 FY2026-27)
p. 4
“The Group reported a profit after tax of Rs. 5.89 crore, compared with a loss of Rs. 1.53 crore in the corresponding quarter.”
Pradeep Vasant Dhobale, page 4 of the filed PDF · View the filing
CSR expenditure: Rs. 2.35 crore (FY2025-26)
p. 5
“During the financial year 2025-26, Pakka invested Rs. 2.35 crore in corporate social responsibility initiatives focused on education, employment and ecology.”
Pradeep Vasant Dhobale, page 5 of the filed PDF · View the filing
CHUK revenue: Rs. 63.23 crore (FY2025-26)
p. 6
“CHUK reached Rs. 63.23 crore in revenue, with volumes crossing 3,100 tonnes, while expanding its products and reach.”
From the transcript, page 6 of the filed PDF · View the filing
Capital work-in-progress at Pakka Inc.: Rs. 3,197.81 lakh
p. 7
“The qualification concerns capital work-in-progress of Rs. 3,197.81 lakh recognised by Pakka Inc.”
Sachin Kumar Srivastava, page 7 of the filed PDF · View the filing
Export share of revenue: 25 percent (FY2025-26)
p. 13
“that 25 percent of our revenue comes from exports. Last year the figure was 30 percent, but given what has happened in the world, geopolitics and so on, we are at 25 percent.”
Pradeep Vasant Dhobale, page 13 of the filed PDF · View the filing
Capital raise: Rs. 114.60 crore
p. 11
“I also congratulate the Board, the Managing Director and the Chairman on the capital raise of Rs. 114.60 crore and the subsequent listing-related approvals.”
Reddeppa Gundluru, page 11 of the filed PDF · View the filing
What management said it would do
A record of statements made on the call, in the words management used. Parakho does not forecast, endorse or assess them, and their presence here is not a view on whether they will happen.
Project Jagriti commercial production — January 2027 · January 2027
stated firmly by Pradeep Vasant Dhobale
p. 13
“we have revised our commissioning date for commercial production to January 2027.”
Pradeep Vasant Dhobale, page 13 of the filed PDF · View the filing
Project Jagriti initial product output — Diwali · Diwali 2026
stated conditionally by Pradeep Vasant Dhobale
p. 13
“as things stand today, we are hoping to get some product out of the machine by Diwali.”
Pradeep Vasant Dhobale, page 13 of the filed PDF · View the filing
Additional revenue from PM3 and PM4 — about Rs. 600-odd crore
stated conditionally by Pradeep Vasant Dhobale
p. 13
“we will get about Rs. 600-odd crore of additional revenue when PM4 and PM3 are fully operational at the planned capacity utilisation, and our overheads are not going to increase proportionately.”
Pradeep Vasant Dhobale, page 13 of the filed PDF · View the filing
NBFC bridge loan refinancing — substitute high-cost debt with low-cost debt · a year to a year and a half
stated conditionally by Pradeep Vasant Dhobale
p. 13
“Once the machine stabilises, our internal cash flows will be strong, our rating will improve, and we can substitute the high-cost debt with low-cost debt.”
Pradeep Vasant Dhobale, page 13 of the filed PDF · View the filing
Flexible coated product launch — next twelve months
stated as an aspiration by Pradeep Vasant Dhobale
p. 12
“I am not saying that in the next twelve months we will have the ultimate product to replace flexible packaging.”
Pradeep Vasant Dhobale, page 12 of the filed PDF · View the filing
Q&A highlights
Management's answers to analyst questions, in Parakho's words rather than a transcript. Each row names who answered and carries the verbatim quote it was drawn from.
Management said the machine needs to stabilise first, with conventional products made initially and coating done externally via partners, while value-added products are developed over time.
Answered by Pradeep Vasant Dhobale
Asked by Jeet Gala: Whether Pakka can launch flexible coated products in the next twelve months and raise PM4 base paper NSR from Rs. 130-150/kg toward Rs. 180-200/kg.
p. 12
“We have to go through the steps, and at the moment the focus is on starting and stabilising the machine.”
Pradeep Vasant Dhobale, page 12 of the filed PDF · View the filing
Management said Ved Krishna is personally driving innovation work, including trials at a pilot plant in Slovenia, and collaborating with external laboratories and academic institutions.
Answered by Pradeep Vasant Dhobale
Asked by Jeet Gala: How will Pakka rebuild its R&D/innovation team after relocating from Bengaluru to Ayodhya and with the innovation lead role vacant.
p. 12
“Mr. Ved Krishna himself has been taking a keen interest in this. Just for your information, last week he was in Slovenia.”
Pradeep Vasant Dhobale, page 12 of the filed PDF · View the filing
Management said profitability improvement will come from volume growth via PM3 and PM4, pricing, and cost control, without proportional overhead increases.
Answered by Pradeep Vasant Dhobale
Asked by Muskan Drolia: What initiatives will strengthen profitability and margins in coming years.
p. 13
“There are only three ways of improving profitability: increase the volume, increase the pricing, or reduce the cost.”
Pradeep Vasant Dhobale, page 13 of the filed PDF · View the filing
Management said the project is near completion with most machinery delivered, cost overruns are not expected further, and commercial production is targeted for January 2027.
Answered by Pradeep Vasant Dhobale
Asked by Muskan Drolia: Update on Project Jagriti completion timeline and cost control measures.
p. 13
“We are towards the end of the project. Everything has been ordered, and most of the machinery has already been delivered to the site. So I do not expect any further increase in the project cost.”
Pradeep Vasant Dhobale, page 13 of the filed PDF · View the filing
Management said bagasse purchases are under long-term contracts with sugar mills, some for up to five years, with flexible payment terms, and highlighted the company's 25% export share.
Answered by Pradeep Vasant Dhobale
Asked by Reddeppa Gundluru: How will the additional capital be deployed into capacity expansion and international business, and what is the raw material procurement strategy.
p. 13
“our main raw material, as you all know, is bagasse, and that is under long-term contracts. We have contracts with sugar mills in Uttar Pradesh, in many cases for as long as five years, and we review them every time.”
Pradeep Vasant Dhobale, page 13 of the filed PDF · View the filing
Risks flagged
Financial performance affected by planned shutdowns, equipment breakdowns, project delays and import-driven pricing pressure
p. 4
“Our financial performance was affected by planned shutdowns required to integrate new facilities, equipment breakdowns, delays in a major expansion project and pressure on demand and realisations from increased imports.”
Pradeep Vasant Dhobale, page 4 of the filed PDF · View the filing
Uncertainty over funding and recoverability of capital work-in-progress at Pakka Inc.
p. 8
“Consequently, there was uncertainty about the resumption of the project, the recoverability of the capital work-in-progress, and whether an adjustment to its carrying amount would be required.”
Sachin Kumar Srivastava, page 8 of the filed PDF · View the filing
Overseas subsidiary working capital deficit and dependence on related-party financial support
p. 8
“The consolidated Auditors’ Report also draws attention to an overseas subsidiary’s working capital deficit and its dependence on continuing financial support from related parties and shareholders.”
Sachin Kumar Srivastava, page 8 of the filed PDF · View the filing
Delays in regulatory and related party transaction disclosures
p. 8
“The Secretarial Auditors reported a delay of 73 days in the review of Pakka Inc.’s audited financial statements; a consequential delay of 73 days in the approval of the audited consolidated financial results for the year ended 31st March, 2025; a delay of 150 days in submitting the related party transaction disclosure to NSE for that period”
Sachin Kumar Srivastava, page 8 of the filed PDF · View the filing
Foreign exchange fluctuations affecting project cost
p. 13
“We have had some hiccups because of foreign exchange fluctuations – as we all know, over the last couple of years the rupee has touched 90 and even 96 to the dollar”
Pradeep Vasant Dhobale, page 13 of the filed PDF · View the filing
Compliance systems and processes require further strengthening
p. 8
“The Secretarial Auditors also observed that the Company’s compliance systems and processes require further strengthening; the Board and the Audit Committee will monitor the measures being implemented.”
Sachin Kumar Srivastava, page 8 of the filed PDF · View the filing
Generated by claude-sonnet-5. Source: the transcript as filed with BSE. We link to the exchange's copy; we do not host transcripts. Parakho is a data and screening tool, not an investment adviser — nothing here is a recommendation to buy, sell or hold.
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