Emami Paper reports Rs 44.43 cr standalone profit in Q2FY27
Interest of Rs 19.70 cr and depreciation of Rs 13.53 cr absorbed part of the Rs 92.97 cr operating profit before tax.
Filed 30 Oct 2026, 13:56 IST · EMAMIPAP (EMAMIPAP)
Key takeaways
- Interest of Rs 19.70 cr and depreciation of Rs 13.53 cr reduced operating profit of Rs 92.97 cr to pre-tax profit of Rs 61.01 cr.
- Other income of Rs 1.27 cr was small relative to pre-tax profit of Rs 61.01 cr, limiting the role of non-operating income in reported earnings.
- Tax of Rs 16.58 cr at a 27.18% rate left standalone net profit of Rs 44.43 cr and EPS of Rs 7.18.
Operating profit set the base for Q2 earnings
Emami Paper reported standalone revenue of Rs 589.78 cr and operating profit of Rs 92.97 cr in Q2FY27. The Rs 496.81 cr expense base left the company with a 15.76% operating margin.
Interest was the main charge below operations
Interest of Rs 19.70 cr was the larger below-operating charge, compared with depreciation of Rs 13.53 cr. Together, these reduced operating profit of Rs 92.97 cr to pre-tax profit of Rs 61.01 cr.
Reported profit had limited support from other income
Other income contributed Rs 1.27 cr against pre-tax profit of Rs 61.01 cr, so the quarter's pre-tax earnings were primarily generated by operations after finance and depreciation charges. A 27.18% tax rate reduced pre-tax profit to standalone net profit of Rs 44.43 cr.
Q2FY27 at a glance
Standalone figures as filed with NSE — filed ahead of third-party databases, not yet independently cross-checked.
| Line item | Q2FY27 |
|---|---|
| Revenue | ₹590 cr |
| Other income | ₹1 cr |
| Expenses | ₹497 cr |
| Operating profit | ₹93 cr |
| Operating margin (%) | 15.76% |
| Interest | ₹20 cr |
| Depreciation | ₹14 cr |
| Profit before tax | ₹61 cr |
| Tax | ₹17 cr |
| Net profit | ₹44 cr |
| EPS (₹) | ₹7.18 |
What to watch
- Whether operating margin holds above 15.76%.
- Whether interest remains below Rs 19.70 cr.
- Whether the tax rate stays near 27.18%.