Pudumjee Paper Products LimitedQ2 FY27 Results & Financial Update
Pudumjee Paper Products Limited: Q2 FY27 standalone results and company financials – revenue ₹227.30 Cr, PAT ₹22.72 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.
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Chart · Market context
Pudumjee Paper Products price & chart
Quarter overview
Quarterly earnings analysis
Pudumjee Paper Products Limited reported standalone revenue from operations of INR 227.30 crore for the second quarter ended September 30, 2026, alongside total income of INR 234.76 crore.
The company posted a profit before tax (PBT) of INR 32.04 crore and a net profit after tax (PAT) of INR 22.72 crore for the quarter, reflecting earnings per share (EPS) of INR 2.39.
Operating performance for Q2 FY27 generated an EBITDA (calculated before interest, depreciation, and tax) of INR 38.56 crore, supported by robust gross revenues across both operating divisions.
The paper segment remained the dominant revenue driver, contributing INR 216.39 crore in gross segment revenue before inter-segment eliminations, while the hygiene products division added INR 20.29 crore.
Total expenses for the quarter stood at INR 196.20 crore, with raw material consumption forming the largest cost component at INR 116.65 crore, accompanied by fuel, power, and water expenses of INR 30.02 crore.
Other income for the quarter reached INR 7.46 crore, aided by investment returns and interest income of INR 3.43 crore, which bolstered overall pre-tax profitability.
Finance costs were contained at INR 1.49 crore, and depreciation and amortisation expenses stood at INR 5.03 crore for the three-month period.
01 · Business model
What does Pudumjee Paper Products do?
Pudumjee Paper Products Limited manufactures and distributes specialised paper products and hygiene items. Its manufacturing base is located in Chinchwad, Pune, Maharashtra.
The company operates two primary business segments: Paper, which encompasses speciality paper grades and industrial applications, and Hygiene Products, which includes tissue paper and related consumer and institutional personal care items.
Pudumjee serves diverse industrial, commercial, and retail customer segments across domestic and export markets, relying on energy-efficient manufacturing and continuous product innovation.
02 · Historical context
What shaped the business before this quarter
Effective April 1, 2026, the company adopted amendments to Ind AS 109 regarding the derecognition of financial assets and financial liabilities without restating comparative periods.
03 · Financial snapshot
Current-quarter financial snapshot
| Metric | Q2 FY27 |
|---|---|
| Revenue from operations | ₹227.30 Cr |
| Total income | ₹234.76 Cr |
| Profit before tax | ₹32.04 Cr |
| Profit after tax | ₹22.72 Cr |
| EPS | ₹2.39 |
Financial interpretation
What the reported numbers mean
Profit after tax represented 10.0% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.
Profit before tax was equivalent to 14.1% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.
Total income exceeded operating revenue by ₹7.46 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.
Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.
04 · Why it moved
Why the quarter looked the way it did
What drove revenue
The core paper segment generated INR 216.39 crore in gross revenue prior to inter-segment adjustments of INR 9.98 crore, benefiting from steady industrial and specialty paper demand.
The hygiene products division contributed gross segment revenue of INR 20.29 crore, showing sequential expansion compared to the preceding quarter.
Total income was supplemented by INR 7.46 crore in other income, which included INR 3.43 crore of interest income earned during the quarter.
What drove margins
Cost of materials consumed represented the largest operational expenditure at INR 116.65 crore for the quarter.
Fuel, power, and water expenses accounted for INR 3.02 crore, reflecting ongoing energy management across manufacturing operations.
Employee benefit expenses were held at INR 1.61 crore for the quarter.
05 · Segments, products & geography
Which parts of the business are doing the work
Segments and products
Paper segment revenue reached INR 21.639 billion (gross) with segment results before interest and tax at INR 31.24 crore.
Hygiene products segment revenue reached INR 2.029 billion (gross) with segment results before interest and tax at INR 2.05 crore.
06 · Capacity, projects & execution
What is being built, commissioned or delivered
Projects, capex and execution
Capital work in progress stood at INR 21.29 crore as of September 30, 2026, reflecting ongoing capital outlays.
07 · Reported developments
What changed operationally
Reported solid standalone net profit of INR 22.72 crore for the quarter alongside positive segment earnings in both paper and hygiene divisions.
08 · Items worth noticing
The line items that can distort a quick read
Other income included dividend and fair value gains on investments alongside interest income of INR 3.43 crore.
09 · Cash flow & balance sheet
Profit is one thing. Cash and funding tell another part of the story.
Net cash generated from operating activities for the half year ended September 30, 2026, was INR 44.69 crore.
Inventories stood at INR 164.15 crore and trade receivables were recorded at INR 77.61 crore as of September 30, 2026.
Capital allocation & funding
Non-current borrowings stood at INR 14.32 crore and current borrowings at INR 6.78 crore as of September 30, 2026.
Non-current lease liabilities were recorded at INR 14.77 crore alongside current lease liabilities of INR 3.30 crore.
10 · Beyond the numbers
What changed beyond the numbers
Auditor Review
The financial results for Q2 FY27 were subjected to a limited review by statutory auditors J M Agrawal & Co. and approved by the Board of Directors on October 30, 2026.
11 · Previous-quarter changes
What changed since the previous quarter
Revenue from operations increased from INR 202.92 crore in Q1 FY27 to INR 227.30 crore in Q2 FY27.
12 · Key Q&A
The quarter, answered directly
What does Pudumjee Paper Products do?
Pudumjee Paper Products Limited manufactures and distributes specialised paper products and hygiene items. Its manufacturing base is located in Chinchwad, Pune, Maharashtra.
What is the clearest takeaway from Q2 FY27?
Pudumjee Paper Products Limited reported standalone revenue from operations of INR 227.30 crore for the second quarter ended September 30, 2026, alongside total income of INR 234.76 crore.
What drove revenue or demand?
The core paper segment generated INR 216.39 crore in gross revenue prior to inter-segment adjustments of INR 9.98 crore, benefiting from steady industrial and specialty paper demand.
What mattered most for margins or profitability?
Cost of materials consumed represented the largest operational expenditure at INR 116.65 crore for the quarter.
What changed operationally beyond the headline numbers?
Capital work in progress stood at INR 21.29 crore as of September 30, 2026, reflecting ongoing capital outlays.
What should the next disclosure help confirm?
Monitor the ongoing profitability and volume growth trajectory across the paper and hygiene product segments.
13 · Scenario calculator
Earnings sensitivity: what if growth and margins change?
Build your own next-quarter scenario
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The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.
14 · Next filing checkpoints
What the next disclosure can confirm or change
- 01
Segment Margin Trends: Monitor the ongoing profitability and volume growth trajectory across the paper and hygiene product segments.
- 02
Capex Execution: Track the capital work-in-progress deployments of INR 21.29 crore toward future operational capacity.
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Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.
