Emami Paper Mills Q2 FY27: Revenue Rs 589.78 cr; PAT Rs 44.43 cr

What the numbers show

• Net margin was 7.53% of revenue, up 607 bps from 1.46%.
• Revenue rose 30.9% while total expenses rose 19.0%.
• Cost of materials accounted for Rs 84.21 cr of the Rs 84.59 cr rise in total expenses (99%).
• Cost of materials took 64.4% of revenue, against 65.6% a year earlier.

Key numbers (standalone, Rs in Crore)

From the statement of unaudited financial results for the quarter and half year ended 30th September 2026:

• Revenue from operations: Rs 589.78 cr (Q2 FY27) vs Rs 450.61 cr (Q2 FY26)
• Other income: Rs 1.27 cr vs Rs 4.91 cr
• Total income: Rs 591.05 cr vs Rs 455.52 cr
• Cost of materials consumed: Rs 379.64 cr vs Rs 295.43 cr
• Purchases of stock-in-trade: Rs - vs Rs 0.19 cr
• Change in stock of finished goods & work-in-progress: Rs 1.46 cr vs Rs 9.12 cr
• Power and Fuel: Rs 33.95 cr vs Rs 35.50 cr
• Employee benefits expense: Rs 24.53 cr vs Rs 23.35 cr
• Finance costs: Rs 19.70 cr vs Rs 17.33 cr
• Depreciation and amortization expense: Rs 13.53 cr vs Rs 13.77 cr
• Other expenses: Rs 57.23 cr vs Rs 50.76 cr
• Total expenses: Rs 530.04 cr vs Rs 445.45 cr
• Profit/(loss) before exceptional item and tax: Rs 61.01 cr vs Rs 10.07 cr
• Exceptional Items: Rs - vs Rs -
• Profit/(loss) before tax: Rs 61.01 cr vs Rs 10.07 cr
• Tax Expense: Rs 16.58 cr vs Rs 3.49 cr
• Profit/(loss) after tax: Rs 44.43 cr vs Rs 6.58 cr
• Other Comprehensive Income – Fair value through OCI of Equity Investment (net of tax): Rs (2.15) cr vs Rs (2.85) cr
• Remeasurement gain/(loss) on defined benefit plan (net of tax): Rs 0.28 cr vs Rs (0.27) cr
• Total comprehensive income: Rs 42.56 cr vs Rs 3.46 cr
• Paid-up Equity Share Capital (Face Value Rs 2/- each): Rs 12.10 cr vs Rs 12.10 cr
• Earning per share having face value of Rs 2/- each (not annualised) – Basic (Rs): 7.18 vs 1.02
• Earning per share having face value of Rs 2/- each (not annualised) – Diluted (Rs): 6.75 vs 0.89

For the half year ended 30.09.2026, the statement of financial results shows revenue from operations of Rs 1,149.94 cr, total income of Rs 1,151.42 cr, total expenses of Rs 1,037.15 cr, profit/(loss) before tax of Rs 114.27 cr, profit/(loss) after tax of Rs 83.04 cr, total comprehensive income of Rs 82.36 cr, basic EPS of 13.39 and diluted EPS of 12.44.

The comparative half year ended 30.09.2025 column in the same table shows revenue from operations of Rs 910.37 cr, total income of Rs 916.88 cr, total expenses of Rs 897.46 cr, profit/(loss) before tax of Rs 19.42 cr, profit/(loss) after tax of Rs 12.89 cr, total comprehensive income of Rs 8.88 cr, basic EPS of 1.86 and diluted EPS of 1.70.

According to the notes below the statement of financial results, the company has prepared these standalone unaudited financial results in accordance with Indian Accounting Standards and confirms that it has only one reportable business segment, paper and paperboard including newsprint. The company also states that it does not have any subsidiary, associate or joint venture company as on 30th September 2026, and therefore the requirement to submit consolidated financial statements is not applicable.