Financial Results Summary

Quarterly Performance (Standalone)

  • Revenue from Operations: ₹1,203.53 crore (Q2 FY27) vs ₹1,110.15 crore (Q2 FY26)
  • Total Income: ₹1,216.51 crore (Q2 FY27) vs ₹1,128.39 crore (Q2 FY26)
  • Profit Before Tax: ₹6.48 crore (Q2 FY27) vs ₹12.93 crore (Q2 FY26)
  • Profit After Tax: ₹4.46 crore (Q2 FY27) vs ₹8.10 crore (Q2 FY26)
  • EPS (Basic & Diluted): ₹0.64 (Q2 FY27) vs ₹1.17 (Q2 FY26)

Half-Yearly Performance (Standalone)

  • Revenue from Operations: ₹2,350.16 crore (H1 FY27) vs ₹2,252.25 crore (H1 FY26)
  • Total Income: ₹2,376.89 crore (H1 FY27) vs ₹2,282.94 crore (H1 FY26)
  • Profit Before Tax: ₹14.15 crore (H1 FY27) vs ₹1.11 crore (H1 FY26)
  • Profit After Tax: ₹10.19 crore (H1 FY27) vs ₹0.69 crore (H1 FY26)
  • EPS (Basic & Diluted): ₹1.47 (H1 FY27) vs ₹0.10 (H1 FY26)

Key Financial Metrics

Expense Breakdown (Q2 FY27)

  • Cost of materials consumed: ₹603.70 crore
  • Employee Benefit Expense: ₹125.37 crore
  • Finance Costs: ₹45.47 crore
  • Depreciation and Amortization: ₹78.63 crore
  • Power, Fuel & water charges: ₹282.02 crore
  • Repair and maintenance: ₹56.41 crore
  • Other Expenses: ₹71.15 crore

Segment Performance (Q2 FY27)

  • Paper & Paper Board Revenue: ₹1,196.97 crore
  • Energy Revenue: ₹192.32 crore
  • Paper & Paper Board Segment Profit: ₹53.11 crore
  • Energy Segment Profit: ₹3.09 crore

Production Metrics

  • Paper Production (Q2 FY27): 109,352 MT vs 107,094 MT (Q2 FY26)
  • Packaging Board Production (Q2 FY27): 53,255 MT vs 50,360 MT (Q2 FY26)
  • Paper Production (H1 FY27): 209,265 MT vs 213,469 MT (H1 FY26)
  • Packaging Board Production (H1 FY27): 101,319 MT vs 100,042 MT (H1 FY26)

Board Meeting Outcomes

The Board of Directors meeting held on 13th November 2026 (12:00 Noon to 17:30 PM) approved:

1. Financial Results Approval

  • Unaudited Financial Results for quarter and half year ended 30th September 2026
  • Limited Review Report by M/s. A John Moris & Co., Chartered Accountants

2. Director Re-appointment

  • Re-appointment of Tmt M Sathiyavathy, I.A.S. (Retd.) (DIN: 02357307) as Independent Director for second term
  • Term: 27.11.2026 to 26.11.2029 (3 years)
  • Subject to shareholder approval
  • Director is not debarred or disqualified from directorship under SEBI orders or Companies Act, 2013
  • Director holds no shares in TNPL

3. Postal Ballot Process

  • Initiated for shareholder approval for:
  • Re-appointment of Tmt M Sathiyavathy as Independent Director
  • Appointment of Thiru V Arun Roy, I.A.S. (DIN: 01726117) as Director
  • Appointed Thiru CS R Sridharan (ICSI Membership CP No.3239 FCS No.4775) as Scrutinizer
  • Engaged CDSL for e-voting facility

Filings Made

  • Unaudited Financial Results with Limited Review Report (Annexure-1)
  • Press Release (Annexure-2)
  • Newspaper publication arrangements made
  • Integrated Filing (Financials) pursuant to SEBI Circular dated 31st December 2024 (Annexure-3)

Tax Regime Change Impact

The company opted for new tax regime under section 200 of Income-tax Act, 2025 effective 01.04.2026:

  • Effective tax rate: 25.168% (reduced from 34.944%)
  • Carrying amount of deferred tax liability revised
  • Impact: ₹219.43 crore reversed through Statement of Profit and Loss
  • ₹3.64 crore reversed through Other Comprehensive Income during quarter/year ended 31.03.2026

Cash Flow Highlights (H1 FY27)

  • Net Cash from Operating Activities: ₹307.35 crore
  • Net Cash from Investing Activities: (₹213.71) crore
  • Net Cash from Financing Activities: (₹122.93) crore
  • Total decrease in Cash and Cash Equivalents: (₹29.29) crore

Balance Sheet Position (as at 30.09.2026)

  • Total Assets: ₹6,307.06 crore
  • Total Equity: ₹2,295.32 crore
  • Non-Current Liabilities: ₹1,234.27 crore
  • Current Liabilities: ₹2,777.47 crore
  • Paid-up Share Capital: ₹69.38 crore (Face value: ₹10 per share)

Related Party Transactions (01.04.2026 to 30.09.2026)

Key Managerial Personnel Remuneration

  • Total KMP remuneration: ₹87.52 lakh
  • Chairman & MD (Kumar Jayant IAS): ₹27.04 lakh
  • Former Chairman & MD: ₹7.74 lakh
  • CFO: ₹36.67 lakh
  • Company Secretary: ₹16.08 lakh

Director Sitting Fees

  • Total sitting fees and honorarium: ₹15.80 lakh
  • Independent Directors received between ₹1.95-₹4.10 lakh

Other Transactions

  • Employee Benefit Plan contributions: ₹1,063.59 lakh to TNPL Provident Fund Trust
  • Contributions to TNPL School Society: ₹299.85 lakh
  • Contributions to TNPL Arakkodai Trust: ₹246.69 lakh

Auditor Review

M/s. A John Moris & Co., Chartered Accountants conducted limited review of financial results:

  • Performed under Standard on Review Engagements (SRE) 2410
  • No material misstatement identified
  • Financial results prepared in accordance with Ind AS-34

Impact Assessment

Operational Challenges

  • Geopolitical uncertainties due to West Asia crises
  • Significant increase in cost of imported materials (coal, pulp, chemicals)
  • Increased logistics costs
  • Margin pressure on paper and packaging board business

Capital Structure Impact

  • No change in paid-up share capital reported
  • No dilution or holding changes disclosed

Cash Flow Implications

  • Operating cash flow positive at ₹307.35 crore
  • Investing cash outflow primarily for fixed asset additions (₹213.83 crore)
  • Financing cash outflow due to debt repayment (₹132.56 crore) and dividend payment (₹89.05 crore)