Date: July 25, 2026
Financial Results (Standalone & Consolidated)
Standalone Performance (Q1 FY2027 vs Q1 FY2026):
- Revenue from Operations: ₹492.00 crore (vs ₹385.33 crore) - +27.7% YoY
- Other Income: ₹13.25 crore (vs ₹14.36 crore)
- Total Income: ₹505.25 crore (vs ₹399.69 crore)
- EBIDTA: ₹57.11 crore (vs ₹35.66 crore) - +60.2% YoY
- Profit Before Tax: ₹45.10 crore (vs ₹23.06 crore) - +95.6% YoY
- Profit After Tax: ₹33.59 crore (vs ₹17.06 crore) - +97.0% YoY
- Basic EPS: ₹5.58 (vs ₹2.83)
- Tax Expense: ₹11.51 crore (Current Tax: ₹12.20 crore, Deferred Tax: -₹0.69 crore)
Consolidated Performance (Q1 FY2027 vs Q1 FY2026):
- Revenue from Operations: ₹492.08 crore (vs ₹385.40 crore)
- Profit After Tax: ₹31.91 crore (vs ₹15.43 crore)
- Basic EPS: ₹5.30 (vs ₹2.56)
Expense Breakdown (Standalone):
- Cost of Materials Consumed: ₹315.72 crore (vs ₹286.10 crore)
- Employee Benefits Expense: ₹29.78 crore (vs ₹27.38 crore)
- Finance Costs: ₹0.41 crore (vs ₹1.07 crore)
- Depreciation: ₹11.60 crore (vs ₹11.53 crore)
- Cost of Power and Fuel: ₹50.91 crore (vs ₹53.93 crore)
- Other Expenses: ₹50.50 crore (vs ₹34.53 crore)
Production & Sales Volumes
Production (Q1 FY2027 vs Q1 FY2026):
- Erode Unit: 46,026 tonnes (vs 42,778 tonnes) - +7.6% YoY
- Tirunelveli Unit: 21,411 tonnes (vs 18,765 tonnes) - +14.1% YoY
- Total Production: 67,437 tonnes (vs 61,543 tonnes) - +9.6% YoY
Sales (Q1 FY2027 vs Q1 FY2026):
- Domestic Sales: 56,715 tonnes (vs 51,380 tonnes) - +10.4% YoY
- Export Sales: 9,311 tonnes (vs 3,905 tonnes) - +138.4% YoY
- Total Sales: 66,026 tonnes (vs 55,285 tonnes) - +19.4% YoY
- Closing Stock: 21,003 tonnes (vs 27,804 tonnes)
Status on Key Projects
Mill Development Plan-IV (MDP-IV):
- Project cost: ₹270 crores (net of GST ITC)
- Location: Erode unit
- Objective: 20% increase in pulp and paper capacities
- Status: All environment clearances and Consent-to-Establish (CTE) from TNPCB obtained
- Key equipment (Recovery Boiler and Evaporator) planned for commissioning by end of FY2027
- Project currently under execution
UNIT-III (Servalakshmi Paper Acquisition):
- Assets acquired from M/s. Servalakshmi Paper Limited (Corporate Debtor in Liquidation) under IBC proceedings
- Hon'ble NCLT, Chennai bench approved e-auction sale on May 12, 2023
- Sales certificate issued and assets handed over to company
- One appeal filed by ex-promoter of Corporate Debtor pending with Hon'ble NCLAT (heard and reserved for orders)
- Company continues steps for revival, refurbishment and recommencement of operations
Renewable Power Project:
- Hybrid Solar and Wind power generating facilities
- Capacity: 52.8 MWp (DC) / 35.2 MW AC Solar Power + 9 MW Wind Power
- Model: Group Captive Model for exclusive supply to company
- Expected availability: Solar/Wind power from September/October 2026
Market Conditions & Outlook
Current Quarter (Q1 FY2027) Drivers:
- Extended Notebook season
- Good demand from big printers
- Government tenders
- Strong export order-incoming
Q2 FY2027 Challenges:
- West Asian war crisis causing cost push in chemicals, coal prices
- Domestic market order incoming expected to be challenging
- Price increases announced in Q1 had to be rolled back in July due to intense competition
- Export margins under pressure due to steep increase in Ocean Freight rates
Corporate Governance
Board Meeting:
- Held on July 25, 2026
- Approved unaudited Financial Results for quarter ended June 30, 2026
- Results reviewed by Audit Committee on July 24, 2026
Capital Structure
- Paid-up Equity Share Capital: ₹12.04 crore (Face value ₹2)
- Reserves (as per Audited Balance Sheet): ₹1,938.45 crore (Standalone), ₹2,029.93 crore (Consolidated)
Segment Information
- Paper is the only reportable segment of operation
No material disclosures under the following sections:
- KMP / Board / Auditor Changes
- Dividend Declaration or Non-Declaration
- ESOPs
- Fundraising
- Auditor's Report (Qualification/Modification)
- Disinvestment / Strategic Actions
- Media Release / Investor Communication