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Tamil Nadu Newsprint & Papers Q4 FY26 results: net profit ₹240.30 crore vs ₹22.12 crore, revenue down 4.9%
Tamil Nadu Newsprint & Papers Limited reported standalone Q4 FY26 revenue of ₹1,272 crore, EBITDA of ₹140.58 crore and a net profit of ₹240.30 crore. Revenue was lower than Q4 FY25, while EBITDA margin expanded and profit after tax rose from ₹22.12 crore to ₹240.30 crore; basic EPS was ₹34.72.
Key points
- Standalone Q4 FY26 revenue was ₹1,272 crore, down ₹65.23 crore or 4.9% from Q4 FY25.
- EBITDA was ₹140.58 crore, up ₹37.48 crore or 36.4%, while EBITDA margin was 11.1% against 7.7%.
- Net profit was ₹240.30 crore, up ₹218.18 crore or 986.3% from Q4 FY25; basic EPS was ₹34.72.
- Against Q3 FY26, revenue rose ₹150.44 crore to ₹1,272 crore and net profit rose ₹233.53 crore to ₹240.30 crore.
- The board recommended a final dividend of Rs. 4 per share, or 40%, for FY26, subject to shareholder approval.
How did Tamil Nadu Newsprint & Papers perform in Q4 FY26?
Tamil Nadu Newsprint & Papers reported standalone revenue of ₹1,272 crore in Q4 FY26, down ₹65.23 crore or 4.9% from ₹1,337 crore in Q4 FY25. Total income was ₹1,291.77 crore, down ₹102.02 crore or 7.3% from the year-ago quarter. The results are standalone; the filing also enclosed the integrated financial filing for the quarter and year ended 31st March 2026.
EBITDA rose ₹37.48 crore or 36.4% to ₹140.58 crore, and EBITDA margin was 11.1% against 7.7%, an increase of 3.4 percentage points. Profit before tax was ₹37.70 crore against ₹30.83 crore, while net profit was ₹240.30 crore against ₹22.12 crore. Basic EPS was ₹34.72 against ₹3.20.
Against Q3 FY26, revenue rose ₹150.44 crore or 13.4% to ₹1,272 crore and EBITDA rose ₹24.97 crore or 21.6% to ₹140.58 crore. EBITDA margin increased from 10.3% to 11.1%. Net profit was ₹240.30 crore against ₹6.77 crore, and basic EPS was ₹34.72 against ₹0.98.
| ₹ crore | Q4 FY26 | Q3 FY26 | Q4 FY25 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 1,272 | 1,121 | 1,337 | −4.9% | +13.4% |
| Other income | 20.23 | 24.96 | 57.02 | −64.5% | −19.0% |
| Total expenses | 1,254 | 1,134 | 1,363 | −8.0% | +10.6% |
| EBITDA | 140.58 | 115.61 | 103.10 | +36.4% | +21.6% |
| EBITDA margin | 11.1% | 10.3% | 7.7% | +3.4 pp | +0.8 pp |
| Profit before tax | 37.70 | 11.79 | 30.83 | +22.3% | +219.8% |
| Tax | −202.60 | 5.02 | 8.71 | ||
| Net profit | 240.30 | 6.77 | 22.12 | +986.3% | +3449.5% |
| EPS (₹) | 34.72 | 0.98 | 3.20 | +985.0% | +3442.9% |
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 Tamil Nadu Newsprint & Papers' costs and profit?
Total expenses fell ₹108.89 crore or 8.0% to ₹1,254 crore from ₹1,363 crore in Q4 FY25. Cost of materials fell ₹39.22 crore or 7.1% to ₹513.82 crore, finance costs fell ₹7.45 crore or 14.2% to ₹44.94 crore and other expenses fell ₹20.94 crore or 5.7% to ₹349.18 crore. Employee cost rose ₹9.65 crore or 8.0% to ₹129.55 crore and depreciation rose ₹1.27 crore or 1.7% to ₹78.17 crore.
Other income fell ₹36.79 crore or 64.5% to ₹20.23 crore from ₹57.02 crore, while total income fell ₹102.02 crore or 7.3%. There was no exceptional item. Tax was a credit of ₹202.60 crore against tax expense of ₹8.71 crore in the year-ago quarter, with the filing showing a ₹219.43 crore restatement of deferred tax liability because of opting for the new tax regime.
| ₹ crore | Q4 FY26 | Q4 FY25 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 513.82 | 553.04 | −39.22 | −7.1% |
| Employee cost | 129.55 | 119.90 | +9.65 | +8.0% |
| Finance costs | 44.94 | 52.39 | −7.45 | −14.2% |
| Depreciation | 78.17 | 76.90 | +1.27 | +1.7% |
| Other expenses | 349.18 | 370.12 | −20.94 | −5.7% |
| Total expenses | 1,254 | 1,363 | −108.89 | −8.0% |
| Other income | 20.23 | 57.02 | −36.79 | −64.5% |
| Tax | −202.60 | 8.71 | −211.31 |
Source: Company's results filing (XBRL).
How did Tamil Nadu Newsprint & Papers do in FY26 as a whole?
For FY26, standalone revenue rose 3.4% to ₹4,644.89 crore from ₹4,490.91 crore in FY25, an increase of ₹153.98 crore. Total income rose ₹132.46 crore or 2.9% to ₹4,720.77 crore. The full-year filing recorded no exceptional item.
Profit before tax rose ₹45.3 crore to ₹50.6 crore from ₹5.3 crore, while net profit rose ₹244.02 crore or 6,542.1% to ₹247.75 crore from ₹3.73 crore. Basic EPS for the full year was ₹35.80 against ₹0.54 in FY25. Total expenses were ₹4,670.17 crore, and tax for FY26 included a ₹219.43 crore deferred tax liability restatement linked to the new tax regime.
| ₹ crore | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue from operations | 4,645 | 4,491 | +3.4% |
| Profit before tax | 50.60 | 5.30 | +854.7% |
| Net profit | 247.75 | 3.73 | +6542.1% |
| EPS (₹) | 35.80 | 0.54 | +6529.6% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
At 31 March 2026, total assets were ₹6,210.11 crore against ₹6,116.23 crore at 30 September 2025. Total equity was ₹2,315.98 crore against ₹2,069.48 crore, while borrowings fell to ₹1,598.83 crore from ₹1,860.99 crore and cash fell to ₹13.57 crore from ₹15.11 crore. Inventories were ₹972.35 crore, trade receivables ₹613.38 crore and trade payables ₹1,485.52 crore.
FY26 operating cash flow was ₹595.51 crore against ₹569.79 crore in FY25. Investing cash flow was an outflow of ₹386.74 crore compared with an outflow of ₹162.43 crore, financing cash flow was an outflow of ₹160.97 crore compared with an outflow of ₹492.88 crore, and capital expenditure was ₹396.68 crore against ₹174.01 crore.
| ₹ crore | As of 31 March 2026 | As of 30 September 2025 |
|---|---|---|
| Total assets | 6,210 | 6,116 |
| Total equity | 2,316 | 2,069 |
| Borrowings | 1,599 | 1,861 |
| Cash and equivalents | 13.57 | 15.11 |
| Inventories | 972.35 | 1,057 |
| Trade receivables | 613.38 | 554.89 |
Source: Company's results filing (XBRL).
| ₹ crore | FY26 | FY25 |
|---|---|---|
| Cash from operations | 595.51 | 569.79 |
| Cash from investing | −386.74 | −162.43 |
| Cash from financing | −160.97 | −492.88 |
| Capital expenditure | 396.68 | 174.01 |
Source: Company's results filing (XBRL).
How has Tamil Nadu Newsprint & Papers done over the last 8 quarters?
Revenue moved unevenly across the last eight quarters, reaching ₹1,336.77 crore in Q4 FY25 before recording ₹1,271.54 crore in Q4 FY26. Profit was at its highest in Q4 FY26 at ₹240.30 crore, while the lowest point was a net loss of ₹42.89 crore in Q3 FY25. In the latest quarter, revenue, profit and margin all moved higher from Q3 FY26.
EBITDA margin peaked at 13.7% in Q2 FY25 and bottomed at 4.9% in Q3 FY25. It was 11.1% in Q4 FY26, the same level as Q2 FY26 and above the 10.3% recorded in the preceding quarter. Revenue rose from ₹1,121 crore in Q3 FY26 to ₹1,272 crore in Q4 FY26, while net profit rose from ₹6.77 crore to ₹240.30 crore.
Which businesses drove the quarter?
Paper & Paper Board was the main reported segment, with revenue of ₹1,270.36 crore, EBIT of ₹62.1 crore and an EBIT margin of 4.9% in Q4 FY26. The available segment data does not provide a year-ago revenue or EBIT comparison for this segment.
Energy reported revenue of ₹110.43 crore, down 9.1% from ₹121.43 crore in the year-ago quarter. EBIT was a loss of ₹3.35 crore against a loss of ₹3.62 crore, with an EBIT margin of -3.0%.
| Segment | Revenue | Revenue YoY | EBIT | EBIT margin |
|---|---|---|---|---|
| Paper & Paper Board | 1,270 | 62.10 | 4.9% | |
| Paper & Paper Board | 1,270 | 62.10 | 4.9% | |
| Energy | 110.43 | −9.1% | −3.35 | -3.0% |
| Energy | 110.43 | −9.1% | −3.35 | -3.0% |
Source: Company's results filing (XBRL segment data).
What else did the company announce?
The board approved the audited standalone financial results for the quarter and year ended 31 March 2026, and the filing stated that the auditor’s report carried an unmodified opinion. It also approved the notice for the 46th Annual General Meeting on 24 September 2026.
The board recommended a final dividend of Rs. 4 per share, or 40%, on equity shares of Rs. 10 face value, for FY26, subject to shareholder approval. The record date was fixed at 17 September 2026, and the e-voting cut-off date was also set at 17 September 2026. If approved, the dividend was to be paid on or after 28 September 2026.
How did Tamil Nadu Newsprint & Papers shares react?
TNPL’s shares were up 4.9% after five minutes from the price at which the filing appeared, up 4.6% after 15 minutes and up 2.6% after 30 minutes. On the reaction day, the stock closed up 4.4% from the previous close of ₹141.60. The Paper & Paper Products industry median was up 0.7% on the reaction day.
By the next day’s close, the stock was up 7.3% from its pre-results close, and by the fifth session it was up 11.6%. The industry median was up 0.7% on the next day and 0.2% by the fifth session, while the Nifty Microcap 250 was up 2.2% and 3.3% over the same respective closes. Earlier reaction-day moves were mixed, including 4.3% on 13 May 2025 and -5.6% on 13 February 2025.
| After the filing | Stock | Paper & Paper Products median |
|---|---|---|
| 5 minutes | +4.9% | |
| 15 minutes | +4.6% | |
| 30 minutes | +2.6% | |
| Reaction day | +4.4% | +0.7% |
| Next day | +7.3% | +0.7% |
| 5 days | +11.6% | +0.2% |
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 |
|---|---|
| 29 January 2026 | −1.0% |
| 27 October 2025 | +2.3% |
| 25 July 2025 | −4.4% |
| 13 May 2025 | +4.3% |
| 13 February 2025 | −5.6% |
| 13 November 2024 | +1.2% |
| 13 August 2024 | −3.6% |
| 24 May 2024 | −4.3% |
Source: MarketPing price-reaction measurement.
How did other Paper & Paper Products companies do?
Thirty-seven other Paper & Paper Products companies were compared for this quarter, with a median revenue growth of 10.3%. Seven peers grew more slowly than Tamil Nadu Newsprint & Papers, while 30 peers grew faster than the company, which had revenue growth of -4.9% in Q4 FY26. Twenty-three peers reported higher profit, based on 38 peers for profit comparisons, as of 5 November 2026.
| Tamil Nadu Newsprint & Papers revenue growth (YoY) | −4.9% |
|---|---|
| Median of 37 other Paper & Paper Products companies | +10.3% |
| Companies with slower revenue growth than Tamil Nadu Newsprint & Papers | 7 of 37 |
| Companies with faster revenue growth than Tamil Nadu Newsprint & Papers | 30 of 37 |
| Companies whose net profit rose | 23 of 38 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Tamil Nadu Newsprint & Papers' revenue in Q4 FY26?
Revenue from operations was ₹1,272 crore, down 4.9% from ₹1,337 crore in Q4 FY25 (standalone).
Did Tamil Nadu Newsprint & Papers make a profit in Q4 FY26?
Yes. Net profit was ₹240.30 crore, against a net profit of ₹22.12 crore in Q4 FY25.
What was Tamil Nadu Newsprint & Papers' EPS in Q4 FY26?
Basic earnings per share were ₹34.72, against ₹3.20 in Q4 FY25.
How did Tamil Nadu Newsprint & Papers shares react to the Q4 FY26 results?
On the reaction day the stock moved +4.4% from the previous close; the median Paper & Paper Products stock moved +0.7%.
When did Tamil Nadu Newsprint & Papers announce its Q4 FY26 results?
On 24 April 2026, in a filing to the NSE.
Sources
- Board Meeting Intimation for Regulation 29 - SEBI (LODR) - Intimation Of Board Meeting For Audited Financial Results (Standalone) For The Quarter And Year Ended 31St March, 2026 (BSE, 17 April 2026) · PDF
- Outcome of Board Meeting (NSE, 24 April 2026) · PDF
- Shareholders meeting (NSE, 24 April 2026) · PDF
- Press Release (NSE, 24 April 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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