Q2 and half-year profit surge on strong revenue growth

Profit growth above 25%EBITDA margin expansionRevenue declinedDebt to equity above the thresholdResults View source PDF Explain this filing

EMAMIPAP · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-0.1%Reaction day

₹116.60

prior close

₹115.90

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.5%+2.4% vs market

Paper & Paper Products peers, median of 33sector-1.5%+1.4% vs sector

On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 1.4 pts more than its Paper & Paper Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

+11.6

10m

+9.4

15m

+4.0

30m

+3.5

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-0.1-2.5+2.4-1.5+1.4

Next day

-2.0-1.1-0.9-0.2-1.8

-2.0-0.8-1.1-2.1+0.1

+0.4+1.3-0.9-0.9+1.4

-0.9+2.5-3.4+0.7-1.6

-1.9pendingpending+0.5-2.4

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15d

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UpDownMarket · Nifty Microcap 250Sector · Paper & Paper Products peers, median of 33Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

For the quarter ended 30 September 2026, revenue rose 30.9% to Rs 589.78 crore and profit after tax surged to Rs 44.43 crore from Rs 6.58 crore. Half-year revenue rose 26.3% to Rs 1,149.94 crore and profit after tax reached Rs 83.04 crore from Rs 12.89 crore. Operating cash flow was positive at Rs 86.71 crore. The review found no material issue.

Likely market impact

Strong sales and profit growth, plus positive cash flow, may support the stock. However, borrowings rose to Rs 932.30 crore and remain a risk.

By the numbersStandalone · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹589.8 Cr	₹910.4 Cr	−35.2%
Operating profit	₹59.74 Cr	₹12.91 Cr	+362.7%
Profit after tax	₹44.43 Cr	₹12.89 Cr	+244.7%
EBITDA margin	15.8%	8.1%	+7.6 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.