Malu Paper's 5.69% margin trails 54-peer commodities median
The standalone revenue base generated Rs 6.7 cr of operating profit, while interest and depreciation reduced profit before tax to Rs 3.06 cr.
Filed 30 Oct 2026, 17:35 IST · after market close · Malu Paper Mills Ltd (MALUPAPER)
Key takeaways
- Standalone operating margin was 5.69%, leaving operating profit at Rs 6.70 cr on revenue of Rs 117.69 cr.
- Interest of Rs 2.31 cr and depreciation of Rs 1.43 cr reduced operating profit to profit before tax of Rs 3.06 cr.
- Malu Paper's 5.69% operating margin was 9.64 percentage points below the 15.33% median for 54 reported commodities peers.
Price around the results
Operating profit was thin against the cost base
Standalone revenue was Rs 117.69 cr against expenses of Rs 111.00 cr, leaving operating profit of Rs 6.70 cr and a 5.69% operating margin. Interest of Rs 2.31 cr and depreciation of Rs 1.43 cr further reduced profit before tax to Rs 3.06 cr. Tax of Rs 0.57 cr resulted in net profit of Rs 2.49 cr, with an 18.57% tax rate.
Margin lagged the commodities peer set
Malu Paper's 5.69% operating margin was 9.64 percentage points below the 15.33% median among 54 commodities companies that have reported the quarter. Other income was Rs 0.10 cr, so it was not a major contributor to profit before tax.
After-close filing leaves the market response open
The standalone results were filed at 17:35 IST, after market close. No post-results stock reaction is available yet, so the reported margin gap and the effect of interest expense are the main points for the market to assess.
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 | ₹118 cr |
| Other income | ₹0 cr |
| Expenses | ₹111 cr |
| Operating profit | ₹7 cr |
| Operating margin (%) | 5.69% |
| Interest | ₹2 cr |
| Depreciation | ₹1 cr |
| Profit before tax | ₹3 cr |
| Tax | ₹1 cr |
| Net profit | ₹2 cr |
| EPS (₹) | ₹1.46 |
Operating margin of 5.69% compares with a Commodities sector median of 15.33% across 54 peers that have reported Q2FY27.
What to watch
- Whether operating margin moves above or below 5.69%.
- Whether interest remains below or rises above Rs 2.31 cr.
- Whether other income remains close to Rs 0.10 cr.