| PE TTM | 7.46Sector PE 45.22 |
|---|---|
| Market Cap | ₹699.01 CrSmall Cap |
| Promoter Holding | 74.97%Zero Pledge |
| RSI | 53.3Neutral Zone |
| Metric | Q2-27 | Q1-27 | Q2-26 |
|---|---|---|---|
| Revenue from Operations | 590 | 560 | 451 |
| Other Income | 1.3 | 0.2 | 4.9 |
| Total Income | 591 | 560 | 456 |
| Profit Before Tax | 61.0 | 53.3 | 10.1 |
| Net Profit | 44.4 | 38.6 | 6.6 |
| Operating Margin | 10.3% | 9.5% | 2.2% |
| Net Profit QoQ | +15.0% | ||
| Net Profit YoY | +572.7% | ||
| Adj. Profit QoQ | +12.4% | ||
| Adj. Profit YoY | +1,048.1% | ||
Key highlights
- Net profit soared 572.7% year-on-year to ₹44.4 crore in Q2 FY27
- Revenue from operations increased to ₹590 crore from ₹451 crore in the year-ago period
- Operating margins expanded to 10.3% compared to 2.2% in Q2 FY26
- Company re-appointed Amit Kiran Deb and Sumit Banerjee as Independent Directors for five-year terms
- Ernst & Young LLP re-appointed as Internal Auditors for a period through Q2 FY 2028-29
Operational Scale and Profitability Pivot
Emami Paper Mills reported a significant improvement in its bottom line for the second quarter of FY27, with net profit reaching ₹44.4 crore. This represents a 15 percent sequential growth over the ₹38.6 crore recorded in the preceding quarter. The company, which operates a flow-to-order manufacturing model for paper and newsprint, saw its revenue climb to ₹590 crore.
This growth trajectory is reflected in the Trailing Twelve Month Earnings Per Share which grew by 379.92 percent, positioning the company as a strong performer within the commercial services and supplies sector.
Margin Expansion and Efficiency Gains
The operating margin improved to 10.3 percent in the current quarter, a sharp rise from the 2.2 percent reported in the same period last year. This margin recovery aligns with the company's internal cost-reduction initiatives, including the Project Bulandi programme which targets a cost-saving pipeline of approximately ₹80 crore. Despite a minor day-on-day price dip of 1.67 percent, the stock has maintained a positive one-year return of 14.81 percent.
The company's valuation remains conservative with a price-to-earnings ratio of 7.46, substantially lower than the industry average of 21.23.
Board Governance and Audit Appointments
- Re-appointment of Shri Amit Kiran Deb as Non-Executive Independent Director for a second five-year term starting January 2027
- Re-appointment of Shri Sumit Banerjee as Non-Executive Independent Director for a second five-year term ending January 2032
- Shareholder approval for director terms will be sought through a forthcoming Postal Ballot process
- M/s. Ernst & Young LLP re-appointed as Internal Auditors for a term spanning Q3 FY27 to Q2 FY29
- The Board meeting commenced at 12:30 p.m. and concluded at 01:45 p.m. on October 30, 2026
| Date | Announcement | Amount |
|---|---|---|
| 22 Jul 2026 | Q1 FY27 standalone net profitSource: lemonn.co.in | ₹38.61 Cr |
| 28 May 2026 | Q4 FY26 standalone net profitSource: lemonn.co.in | ₹31.50 Cr |
| 12 Feb 2026 | Q3 FY26 standalone net profitSource: lemonn.co.in | ₹16.99 Cr |
| 31 Oct 2025 | Q2 FY26 standalone net profitSource: lemonn.co.in | ₹6.58 Cr |
| 29 Jul 2025 | Q1 FY26 standalone net profitSource: lemonn.co.in | ₹6.31 Cr |
| 20 May 2025 | Q4 FY25 standalone net profitSource: lemonn.co.in | ₹3.92 Cr |
What to watch next
- Shareholder approval for director re-appointments via Postal Ballot in the coming weeks
- Commencement of second terms for Independent Directors on 20 January 2027
- Execution of planned maintenance capital expenditure of ₹30–40 crore for FY27
| Share price | ₹115.54 |
|---|---|
| Market capitalisation | ₹699.01 Cr |
| Revenue (annual) | ₹1,907.23 Cr |
| Net profit (annual) | ₹61.38 Cr |
| Revenue (latest quarter) | ₹560.16 Cr+12.84% vs previous quarter |
| Net profit (latest quarter) | ₹38.61 Cr+22.57% vs previous quarter |
| P/E (TTM) | 7.46×Sector 45.22× |
| Promoter holding | 74.97%0.00% QoQ |
| FII holding | 0.52%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
Exchange filing by Emami Paper Mills Limited announcing Unaudited Financial Results for the quarter and half year ended 30th September 2026. Market figures from a third-party data provider.
