Financial Results Summary (Quarter Ended June 30, 2026)

  • Revenue from Operations: ₹1,146.64 crore (Q2 FY26: ₹1,142.10 crore)
  • Other Income: ₹13.74 crore (Q2 FY26: ₹12.45 crore)
  • Total Income: ₹1,160.38 crore (Q2 FY26: ₹1,154.55 crore)
  • Expenses: ₹1,152.70 crore, including:
  • Cost of materials consumed: ₹505.80 crore
  • Employee Benefit Expense: ₹130.41 crore
  • Finance Costs: ₹42.90 crore
  • Depreciation and Amortization: ₹78.03 crore
  • Power, Fuel & water charges: ₹244.47 crore
  • Repair and maintenance: ₹50.22 crore
  • Other Expenses: ₹70.34 crore
  • Profit Before Tax: ₹7.68 crore (Q2 FY26: Loss of ₹11.82 crore)
  • Tax Expense: ₹3.28 crore (Current Tax: ₹3.28 crore; Deferred Tax: ₹0.00; Change in deferred tax liability due to new tax regime: ₹-1.34 crore)
  • Net Profit for the Period: ₹5.74 crore (Q2 FY26: Net Loss of ₹7.41 crore)
  • Earnings Per Share (Basic & Diluted): ₹0.83 (Q2 FY26: ₹-1.07)
  • Paid-up Share Capital: ₹69.21 crore (Face value: ₹10 per share)

Segment-wise Performance (Quarter Ended June 30, 2026)

  • Paper & Paperboard Segment:
  • Revenue: ₹1,143.66 crore
  • Segment Result (Profit before tax and interest): ₹31.76 crore
  • Segment Assets: ₹5,587.68 crore
  • Segment Liabilities: ₹2,275.61 crore
  • Energy Segment:
  • Revenue: ₹158.23 crore
  • Segment Result (Loss before tax and interest): ₹-0.39 crore
  • Segment Assets: ₹703.03 crore
  • Segment Liabilities: ₹319.45 crore
  • Inter-segment revenue elimination: ₹155.25 crore

Tax Regime Change

The company opted for the new tax regime under section 200 of The Income-tax Act, 2025 effective April 1, 2026, with an effective tax rate of 25.168%. This resulted in:

  • Revision of deferred tax liability from 34.944% to 25.168% as of March 31, 2026
  • Reversal of ₹219.43 crore through Statement of Profit and Loss
  • Reversal of ₹3.63 crore through Other Comprehensive Income (OCI)

Production Metrics

  • Paper Production: 99,914 MT (Q2 FY26: 106,375 MT)
  • Packaging Board Production: 48,064 MT (Q2 FY26: 49,682 MT)
  • The company cited geopolitical uncertainties from West Asia crises leading to increased prices of key imported materials (coal, pulp, chemicals) impacting production costs.

Board Meeting and Appointments

The Board meeting was held on August 12, 2026, from 11:30 AM to 5:45 PM and approved:

  • Unaudited financial results for quarter ended June 30, 2026
  • Appointment of Thiru Prince Tholkappian, Chief General Manager (Production & Project Co-ordination), as Chief Risk Officer (CRO) in addition to his current responsibilities
  • Prince Tholkappian has 37 years of experience in the paper industry and holds an MBA from Madurai Kamaraj University and BE (Mechanical) from Coimbatore Institute of Technology
  • He does not hold any shares in TNPL and has no inter-se relationship with other directors

Auditor Review

The limited review of the unaudited financial results was conducted by M/s. A. John Moris & Co., Chartered Accountants, who issued an unmodified conclusion stating that nothing has come to their attention suggesting material misstatement or non-compliance with disclosure requirements.