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Nahar Poly Films Q2 FY27 results: net profit up 58.2% to ₹32.88 crore, revenue up 50.3%
Nahar Poly Films Limited reported consolidated revenue of ₹258.93 crore in Q2 FY27, up 50.3% from Q2 FY26 and 61.9% from Q1 FY27. EBITDA rose to ₹39.70 crore, while the margin was 15.3%, and net profit increased to ₹32.88 crore with basic EPS of ₹13.37.
Key points
- Consolidated revenue was ₹258.93 crore in Q2 FY27, up 50.3% from Q2 FY26 and 61.9% from Q1 FY27.
- EBITDA was ₹39.70 crore, with a margin of 15.3% compared with 16.1% a year earlier and 9.5% in Q1 FY27.
- Net profit was ₹32.88 crore, up 58.2% from Q2 FY26 and 181.5% from Q1 FY27; basic EPS was ₹13.37.
- There was no exceptional item in the quarter, while total expenses increased by ₹74.45 crore from Q2 FY26.
- In H1 FY27, revenue was ₹418.85 crore and net profit was ₹44.56 crore, up 13.5% and 14.2%, respectively, from H1 FY26.
How did Nahar Poly Films perform in Q2 FY27?
Nahar Poly Films reported consolidated revenue of ₹258.93 crore in Q2 FY27, up ₹86.63 crore or 50.3% from Q2 FY26 and ₹99.01 crore or 61.9% from Q1 FY27. Total income was ₹263.0 crore in the quarter, while EBITDA rose to ₹39.70 crore from ₹27.77 crore a year earlier.
EBITDA margin was 15.3% in Q2 FY27, compared with 16.1% in Q2 FY26 and 9.5% in Q1 FY27. Profit before tax was ₹33.82 crore, up from ₹23.08 crore a year earlier and ₹10.08 crore in the previous quarter.
Net profit was ₹32.88 crore, compared with ₹20.78 crore in Q2 FY26 and ₹11.68 crore in Q1 FY27. Basic EPS was ₹13.37, compared with ₹8.45 a year earlier and ₹4.75 in the previous quarter. On the standalone basis, revenue was ₹258.93 crore and profit was ₹28.84 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 258.93 | 159.92 | 172.30 | +50.3% | +61.9% |
| Other income | 4.07 | 4.63 | 5.50 | −26.0% | −12.1% |
| Total expenses | 229.17 | 154.48 | 154.72 | +48.1% | +48.3% |
| EBITDA | 39.70 | 15.16 | 27.77 | +43.0% | +161.9% |
| EBITDA margin | 15.3% | 9.5% | 16.1% | −0.8 pp | +5.8 pp |
| Profit before tax | 33.82 | 10.08 | 23.08 | +46.5% | +235.5% |
| Tax | 5.97 | 3.85 | 6.81 | −12.3% | +55.1% |
| Net profit | 32.88 | 11.68 | 20.78 | +58.2% | +181.5% |
| EPS (₹) | 13.37 | 4.75 | 8.45 | +58.2% | +181.5% |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Nahar Poly Films' costs and profit?
Total expenses were ₹229.17 crore in Q2 FY27, up ₹74.45 crore or 48.1% from Q2 FY26. Cost of materials was the largest cost line at ₹179.17 crore, up ₹64.29 crore or 56.0%; employee cost rose by ₹0.83 crore or 10.0% to ₹9.13 crore.
Finance costs fell by ₹0.35 crore or 17.4% to ₹1.66 crore, while depreciation rose by ₹0.10 crore or 1.2% to ₹8.29 crore. Other expenses increased by ₹4.07 crore or 16.2% to ₹29.21 crore.
Other income fell by ₹1.43 crore or 26.0% to ₹4.07 crore, while tax expense declined by ₹0.84 crore or 12.3% to ₹5.97 crore. There was no exceptional item in the quarter.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 179.17 | 114.88 | +64.29 | +56.0% |
| Employee cost | 9.13 | 8.30 | +0.83 | +10.0% |
| Finance costs | 1.66 | 2.01 | −0.35 | −17.4% |
| Depreciation | 8.29 | 8.19 | +0.10 | +1.2% |
| Other expenses | 29.21 | 25.14 | +4.07 | +16.2% |
| Total expenses | 229.17 | 154.72 | +74.45 | +48.1% |
| Other income | 4.07 | 5.50 | −1.43 | −26.0% |
| Tax | 5.97 | 6.81 | −0.84 | −12.3% |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
In the first half of FY27, consolidated revenue was ₹418.85 crore, up ₹49.80 crore or 13.5% from H1 FY26, while total income rose ₹49.96 crore or 13.2% to ₹427.55 crore.
Profit before tax was ₹43.90 crore, up from ₹43.53 crore in H1 FY26. Net profit increased by ₹5.55 crore or 14.2% to ₹44.56 crore, and EPS rose by ₹2.25 or 14.2% to ₹18.12.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 418.85 | 369.05 | +13.5% |
| Profit before tax | 43.90 | 43.53 | +0.8% |
| Net profit | 44.56 | 39.01 | +14.2% |
| EPS (₹) | 18.12 | 15.87 | +14.2% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 30 September 2026, total assets were ₹1,137.60 crore, compared with ₹999.93 crore at 31 March 2026. Total equity rose to ₹957.11 crore from ₹866.77 crore, while borrowings increased to ₹86.42 crore from ₹78.95 crore.
Cash and cash equivalents stood at ₹0.34 crore, compared with ₹0.12 crore at the previous balance-sheet date. Inventories were ₹83.55 crore against ₹70.12 crore, trade receivables ₹34.95 crore against ₹24.05 crore, and trade payables ₹14.47 crore against ₹13.77 crore.
For H1 FY27, cash flow from operating activities was ₹29.63 crore, compared with ₹60.44 crore in H1 FY26. Investing cash flow was negative ₹14.05 crore against negative ₹45.78 crore, and financing cash flow was negative ₹11.98 crore against negative ₹23.23 crore. Capital expenditure was ₹33.64 crore, compared with ₹9.93 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 1,138 | 999.93 |
| Total equity | 957.11 | 866.77 |
| Borrowings | 86.42 | 78.95 |
| Cash and equivalents | 0.34 | 0.12 |
| Inventories | 83.55 | 70.12 |
| Trade receivables | 34.95 | 24.05 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 29.63 | 60.44 |
| Cash from investing | −14.05 | −45.78 |
| Cash from financing | −11.98 | −23.23 |
| Capital expenditure | 33.64 | 9.93 |
Source: Company's results filing (XBRL).
How has Nahar Poly Films done over the last 8 quarters?
Revenue reached a high of ₹258.93 crore in Q2 FY27 after ₹159.92 crore in Q1 FY27, while the low in the listed series was ₹156.64 crore in Q4 FY25. Net profit was highest at ₹32.88 crore in Q2 FY27 and lowest at ₹7.51 crore in Q3 FY25.
The EBITDA margin peaked at 18.6% in Q4 FY26 and bottomed at 8.7% in Q3 FY25. It fell to 9.5% in Q1 FY27 before recovering to 15.3% in Q2 FY27, while net profit rose from ₹11.68 crore to ₹32.88 crore over the same two quarters.
How did Nahar Poly Films shares react?
Nahar Poly Films filed the results after market on 30 October 2026. From the price when the filing appeared, the stock was up 0.6% after 5 minutes and 15 minutes, before falling 1.1% after 30 minutes.
On the reaction day, the stock closed 4.2% higher from the previous close. By the next day's close, it was up 4.7% from its pre-results close. The Packaging industry median was down 0.1% on the reaction day, giving Nahar Poly Films an excess return of 4.4 percentage points; the next-day excess was 4.2 percentage points.
Earlier reaction-day moves were mixed: the stock fell 12.6% on 5 August 2026 and 1.1% on 28 May 2026, while it rose 2.9% on 7 February 2026 and 5.6% on 31 July 2025.
| After the filing | Stock | Packaging median |
|---|---|---|
| 5 minutes | +0.6% | |
| 15 minutes | +0.6% | |
| 30 minutes | −1.1% | |
| Reaction day | +4.2% | −0.1% |
| Next day | +4.7% | +0.5% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 5 August 2026 | −12.6% |
| 28 May 2026 | −1.1% |
| 7 February 2026 | +2.9% |
| 13 November 2025 | −3.1% |
| 31 July 2025 | +5.6% |
| 28 May 2025 | +3.3% |
| 3 February 2025 | −6.4% |
| 12 November 2024 | +5.2% |
Source: MarketPing price-reaction measurement.
How did other Packaging companies do?
Among 23 other Packaging companies that had filed for the quarter, the median revenue growth was 19.1%. Twenty-one peers grew slower than Nahar Poly Films, while two grew faster than the company.
Profit growth was reported for 24 peers, of which 13 reported higher profit. Nahar Poly Films’ Q2 FY27 revenue growth of 50.3% was above the industry median of 19.1%.
| Nahar Poly Films revenue growth (YoY) | +50.3% |
|---|---|
| Median of 23 other Packaging companies | +19.1% |
| Companies with slower revenue growth than Nahar Poly Films | 21 of 23 |
| Companies with faster revenue growth than Nahar Poly Films | 2 of 23 |
| Companies whose net profit rose | 13 of 24 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Nahar Poly Films' revenue in Q2 FY27?
Revenue from operations was ₹258.93 crore, up 50.3% from ₹172.30 crore in Q2 FY26 (consolidated).
Did Nahar Poly Films make a profit in Q2 FY27?
Yes. Net profit was ₹32.88 crore, against a net profit of ₹20.78 crore in Q2 FY26.
What was Nahar Poly Films' EPS in Q2 FY27?
Basic earnings per share were ₹13.37, against ₹8.45 in Q2 FY26.
How did Nahar Poly Films shares react to the Q2 FY27 results?
On the reaction day the stock moved +4.2% from the previous close; the median Packaging stock moved −0.1%.
When did Nahar Poly Films announce its Q2 FY27 results?
On 30 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Consideration And Approval Of Standalone And Consolidated Un-Audited Financial Results For The Quarter And Half Year Ended 30TH September, 2026 (BSE, 21 October 2026) · PDF
- Board Meeting Outcome for Board Meeting Outcome For Standalone And Consolidated Financial Results For The Quarter And Half Year Ended 30Th September, 2026 (BSE, 30 October 2026) · PDF
- Standalone And Consolidated Financial Results For The Quarter And Half Year Ended 30Th September, 2026 (BSE, 30 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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