Key Financial Figures (Standalone)

Quarter Ended September 30, 2026 (Q2):

  • Revenue from Operations: ₹502.99 crore
  • Other Income: ₹11.86 crore
  • Total Income: ₹514.85 crore
  • Profit Before Tax (PBT): ₹46.76 crore
  • Profit After Tax (PAT): ₹34.96 crore
  • Basic & Diluted EPS: ₹5.80

Half Year Ended September 30, 2026 (H1):

  • Revenue from Operations: ₹994.99 crore
  • Other Income: ₹25.11 crore
  • Total Income: ₹1,020.10 crore
  • Profit Before Tax (PBT): ₹91.86 crore
  • Profit After Tax (PAT): ₹68.55 crore
  • Basic & Diluted EPS: ₹11.38

Key Financial Figures (Consolidated)

Quarter Ended September 30, 2026 (Q2):

  • Revenue from Operations: ₹503.06 crore
  • Profit After Tax (PAT): ₹42.31 crore
  • Basic & Diluted EPS: ₹7.03

Half Year Ended September 30, 2026 (H1):

  • Revenue from Operations: ₹994.99 crore
  • Profit After Tax (PAT): ₹74.22 crore
  • Basic & Diluted EPS: ₹12.32

Production & Sales Volumes (Apr-Sep'26)

  • Production:
  • Erode Unit Utilization: 116%
  • Tirunelveli Unit Utilization: 94%
  • Overall Utilization: 108%
  • Sales: 132,368 MT
  • Domestic Sales: 114,453 MT
  • Export Sales: 17,915 MT

Operational Highlights

  • Good production performance in both units due to productivity improvements and improved order position.
  • Higher production, sales volumes, and realizations from domestic and export markets drove better profitability.
  • Good domestic and export order incoming across key segments helped double-digit growth in sales volumes.

Status on Key Projects

1. Mill Development Plan-IV (MDP-IV), Erode: Project is under execution. Key major equipment (Recovery Boiler, Evaporator) planned for commissioning by end of FY26.

2. Unit-III (Assets from Servalakshmi Paper Ltd.): The company is awaiting final orders from the Hon'ble NCLAT on an appeal filed by the ex-promoter of the corporate debtor. The company continues steps for revival, refurbishment, and recommencement.

3. Renewable Power Investment (52.8 MWp Solar / 9 MW Wind): Power from the facility is expected to become available in Q3 FY26.

4. New Copier Conversion Machineries: Planned for commissioning in Q4 FY26.

Outlook for Current Quarter (Q3 FY26)

  • The West Asian war crisis has resulted in a huge cost push, particularly in chemicals and coal prices, expected to impact margins fully in Q3.
  • Wood prices are also expected to increase, further adversely impacting the cost of production.
  • Export margins are expected to be under pressure due to a steep increase in ocean freight rates.
  • Order incoming in both domestic and export markets is expected to remain positive.

Other Significant Updates

  • The company acquired 2.90 lakh shares in its associate, Ponni Sugars (Erode) Limited (PSEL), during the quarter, increasing its effective shareholding from 32.40% to 35.78%.

Capital Structure

  • Paid-up Equity Share Capital (Face value ₹2): ₹12.04 crore (unchanged).

Assets and Liabilities (Standalone as of September 30, 2026)

  • Total Assets: ₹2,431.43 crore
  • Non-Current Assets: ₹1,417.86 crore (includes Property, Plant & Equipment of ₹745.43 crore and Capital Work-in-Progress of ₹120.13 crore)
  • Current Assets: ₹1,013.57 crore (includes Inventories of ₹355.16 crore and Bank Balances of ₹463.92 crore)
  • Total Equity: ₹2,014.15 crore
  • Non-Current Liabilities: ₹163.40 crore
  • Current Liabilities: ₹253.88 crore (includes Trade Payables of ₹191.25 crore)

Cash Flow (Standalone H1 FY26)

  • Net Cash from Operating Activities: ₹39.42 crore
  • Net Cash from Investing Activities: ₹19.30 crore
  • Net Cash from Financing Activities: ₹(13.36) crore
  • Net increase in cash and cash equivalents: ₹45.36 crore