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Orient Press Q2 FY27 results: net loss narrows to ₹0.64 crore, revenue down 20.2%
Orient Press Limited reported standalone Q2 FY27 revenue of ₹30.03 crore, EBITDA of ₹0.72 crore and a net loss of ₹0.64 crore for the July–September 2026 quarter. Revenue fell 20.2% from the year-ago quarter but rose 39.5% from Q1 FY27, while EBITDA turned positive and the net loss narrowed.
Key points
- Standalone Q2 FY27 revenue was ₹30.03 crore, down 20.2% from Q2 FY26 but up 39.5% from Q1 FY27.
- EBITDA was ₹0.72 crore at a 2.4% margin, compared with a net loss of ₹0.21 crore and a margin of -0.6% in Q2 FY26.
- Orient Press reported a net loss of ₹0.64 crore and basic EPS of -₹0.64, compared with a net loss of ₹0.76 crore and EPS of -₹0.76 in the year-ago quarter.
- H1 FY27 revenue was ₹51.56 crore, down 19.2% from H1 FY26, while the net loss widened to ₹1.89 crore from ₹1.55 crore.
- Total assets were ₹153.79 crore on 30 September 2026, with borrowings of ₹59.43 crore and cash of ₹0.19 crore.
How did Orient Press perform in Q2 FY27?
Orient Press reported standalone revenue of ₹30.03 crore for Q2 FY27, down 20.2% from ₹37.61 crore in Q2 FY26 but up 39.5% from ₹21.53 crore in Q1 FY27. Total income was ₹31.11 crore, against ₹39.44 crore a year earlier and ₹22.55 crore in the previous quarter.
EBITDA was ₹0.72 crore in Q2 FY27, compared with a net loss of ₹0.21 crore in Q2 FY26 and a net loss of ₹0.19 crore in Q1 FY27. The EBITDA margin was 2.4%, compared with -0.6% and -0.9%, respectively, an improvement of 3.0 percentage points from the year-ago quarter and 3.3 percentage points from the previous quarter.
The company reported a loss before tax of ₹0.87 crore and a net loss of ₹0.64 crore, compared with a loss before tax of ₹1.02 crore and a net loss of ₹0.76 crore in Q2 FY26. Basic EPS was -₹0.64, compared with -₹0.76 in the year-ago quarter and -₹1.25 in Q1 FY27. The figures are on a standalone basis.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 30.03 | 21.53 | 37.61 | −20.2% | +39.5% |
| Other income | 1.08 | 1.02 | 1.83 | −41.0% | +5.9% |
| Total expenses | 31.98 | 24.25 | 40.46 | −21.0% | +31.9% |
| EBITDA | 0.72 | −0.19 | −0.21 | turned to profit | turned to profit |
| EBITDA margin | 2.4% | -0.9% | -0.6% | +3.0 pp | +3.3 pp |
| Profit before tax | −0.87 | −1.70 | −1.02 | ||
| Tax | −0.23 | −0.45 | −0.27 | ||
| Net profit | −0.64 | −1.25 | −0.76 | ||
| EPS (₹) | −0.64 | −1.25 | −0.76 |
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 Orient Press' costs and profit?
Total expenses fell 21.0% to ₹31.98 crore from ₹40.46 crore in Q2 FY26. Cost of materials consumed fell ₹5.22 crore, or 24.0%, to ₹16.51 crore, employee benefits expense fell ₹0.21 crore, or 7.9%, to ₹2.44 crore, and other expenses fell ₹1.16 crore, or 17.0%, to ₹5.65 crore.
Finance costs rose ₹0.03 crore, or 1.9%, to ₹1.58 crore, while depreciation and amortisation fell ₹0.01 crore, or 0.9%, to ₹1.08 crore. Other income fell ₹0.75 crore, or 41.0%, to ₹1.08 crore from ₹1.83 crore in Q2 FY26. There was no exceptional item.
The loss before tax narrowed by ₹0.15 crore to ₹0.87 crore, and the net loss narrowed by ₹0.12 crore to ₹0.64 crore. Tax expense was ₹0.23 crore, compared with ₹0.27 crore in Q2 FY26. The filing presents the cost movements but does not state reasons for the changes.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 16.51 | 21.73 | −5.22 | −24.0% |
| Employee cost | 2.44 | 2.65 | −0.21 | −7.9% |
| Finance costs | 1.58 | 1.55 | +0.03 | +1.9% |
| Depreciation | 1.08 | 1.09 | −0.01 | −0.9% |
| Other expenses | 5.65 | 6.81 | −1.16 | −17.0% |
| Total expenses | 31.98 | 40.46 | −8.48 | −21.0% |
| Other income | 1.08 | 1.83 | −0.75 | −41.0% |
| Tax | −0.23 | −0.27 | +0.04 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, Orient Press reported revenue of ₹51.56 crore, down 19.2% from ₹63.85 crore in H1 FY26. Total income fell 19.4% to ₹53.67 crore from ₹66.62 crore.
The company reported a loss before tax of ₹2.57 crore, compared with a loss of ₹2.12 crore in H1 FY26, and a net loss of ₹1.89 crore compared with a net loss of ₹1.55 crore. Basic EPS was -₹1.89, compared with -₹1.55 in H1 FY26.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 51.56 | 63.85 | −19.2% |
| Profit before tax | −2.57 | −2.12 | |
| Net profit | −1.89 | −1.55 | |
| EPS (₹) | −1.89 | −1.55 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
Total assets on 30 September 2026 were ₹153.79 crore, down from ₹159.72 crore on 31 March 2026. Total equity fell to ₹62.67 crore from ₹64.52 crore, while borrowings rose to ₹59.43 crore from ₹56.15 crore and cash rose to ₹0.19 crore from ₹0.16 crore.
Inventories were ₹61.95 crore against ₹61.01 crore, trade receivables fell to ₹23.72 crore from ₹28.72 crore, and trade payables fell to ₹21.99 crore from ₹29.93 crore. For H1 FY27, operating cash flow was negative ₹1.45 crore, compared with ₹7.34 crore in H1 FY26.
Investing cash flow was ₹1.58 crore, compared with ₹1.66 crore a year earlier, while financing cash flow was negative ₹0.09 crore against negative ₹8.97 crore. Capital expenditure was ₹0.43 crore, compared with ₹0.50 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 153.79 | 159.72 |
| Total equity | 62.67 | 64.52 |
| Borrowings | 59.43 | 56.15 |
| Cash and equivalents | 0.19 | 0.16 |
| Inventories | 61.95 | 61.01 |
| Trade receivables | 23.72 | 28.72 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −1.45 | 7.34 |
| Cash from investing | 1.58 | 1.66 |
| Cash from financing | −0.09 | −8.97 |
| Capital expenditure | 0.43 | 0.50 |
Source: Company's results filing (XBRL).
How has Orient Press done over the last 8 quarters?
Revenue over the reported eight quarters peaked at ₹37.61 crore in Q2 FY26 and reached its lowest point at ₹21.53 crore in Q1 FY27. It rose to ₹30.03 crore in Q2 FY27, remaining below the year-ago level.
The net profit trend improved from a loss of ₹1.25 crore in Q1 FY27 to a loss of ₹0.64 crore in Q2 FY27. The highest net profit in the series was ₹0.30 crore in Q4 FY26, while the lowest was a loss of ₹1.25 crore in Q1 FY27.
EBITDA margin bottomed at -0.9% in Q1 FY27 and peaked at 6.2% in Q4 FY26. It recovered to 2.4% in Q2 FY27 after being -0.6% in Q2 FY26.
Which businesses drove the quarter?
Printing reported revenue of ₹12.39 crore in Q2 FY27, down 32.2% from ₹18.29 crore in the year-ago quarter, and EBIT of ₹3.76 crore compared with ₹3.27 crore. Its EBIT margin was 30.3%.
Flexible Packaging reported revenue of ₹11.01 crore, down 18.9% from ₹13.57 crore, and an EBIT loss of ₹2.62 crore compared with an EBIT loss of ₹2.76 crore. Its EBIT margin was -23.8%.
Paper Board Packaging reported revenue of ₹6.29 crore, up 10.5% from ₹5.69 crore, and EBIT of ₹0.06 crore against ₹0.13 crore. Its EBIT margin was 0.9%. Others reported revenue of ₹0.33 crore, up 388.9% from ₹0.07 crore, and an EBIT loss of ₹0.59 crore.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Printing | 12.39 | −32.2% | 3.76 | 30.3% |
| Flexible Packaging | 11.01 | −18.9% | −2.62 | -23.8% |
| Paper Board Packaging | 6.29 | +10.5% | 0.06 | 0.9% |
| Others | 0.33 | +388.9% | −0.59 | -176.8% |
Source: Company's results filing (XBRL segment data).
How did other Packaging companies do?
Thirty other Packaging companies that filed this quarter were compared with Orient Press. Their median revenue growth was 20.2%, while Orient Press reported a 20.2% decline in revenue in Q2 FY27.
Twenty-six peers grew revenue faster than Orient Press and four grew more slowly. The peer figures are based on the other companies filed for the quarter and do not include Orient Press.
| Orient Press revenue growth (YoY) | −20.2% |
|---|---|
| Median of 30 other Packaging companies | +20.2% |
| Companies with slower revenue growth than Orient Press | 4 of 30 |
| Companies with faster revenue growth than Orient Press | 26 of 30 |
| Companies whose net profit rose | 17 of 30 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Orient Press' revenue in Q2 FY27?
Revenue from operations was ₹30.03 crore, down 20.2% from ₹37.61 crore in Q2 FY26 (standalone).
Did Orient Press make a profit in Q2 FY27?
No. It reported a net loss of ₹0.64 crore, against a net loss of ₹0.76 crore in Q2 FY26.
What was Orient Press' EPS in Q2 FY27?
Basic loss per share was ₹0.64, against a loss of ₹0.76 in Q2 FY26.
When did Orient Press announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for The Quarter Ended September 30, 2026. (BSE, 29 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting (BSE, 5 November 2026) · PDF
- Outcome Of Board Meeting (BSE, 5 November 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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