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.

NSE: PDMJEPAPERPublished 30 Oct 2026Updated 30 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹227.30 CrReported Q2 FY27
Profit after tax₹22.72 CrReported Q2 FY27
EPS₹2.39Reported Q2 FY27

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Quarterly Results AnalysisExplore Pudumjee Paper Products Q2 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

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.

02

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.

03

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.

04

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.

05

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.

06

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.

07

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

Accounting Policy Alignment on Financial Assets

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

MetricQ2 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 conversion

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.

Pre-tax earnings

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.

Operating revenue versus total income

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

Paper Segment 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.

Hygiene Products Growth

The hygiene products division contributed gross segment revenue of INR 20.29 crore, showing sequential expansion compared to the preceding quarter.

Other Income Contribution

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

Cost of materials consumed represented the largest operational expenditure at INR 116.65 crore for the quarter.

Energy and Utility Expenses

Fuel, power, and water expenses accounted for INR 3.02 crore, reflecting ongoing energy management across manufacturing operations.

Employee Benefits

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 Performance

Paper segment revenue reached INR 21.639 billion (gross) with segment results before interest and tax at INR 31.24 crore.

Hygiene Products Performance

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

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

Profitability Expansion

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

Investment and Fair Value Gains

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.

Operating cash flow₹44.69 CrHalf year ended 30-Sep-2026
Capital expenditure₹-2.83 CrHalf year ended 30-Sep-2026
Free cash flow₹41.86 CrHalf year ended 30-Sep-2026
Operating Cash Flow

Net cash generated from operating activities for the half year ended September 30, 2026, was INR 44.69 crore.

Inventory and Receivables

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

Borrowings Profile

Non-current borrowings stood at INR 14.32 crore and current borrowings at INR 6.78 crore as of September 30, 2026.

Lease Liabilities

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

Reported update

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

Sequential Revenue Expansion

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?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

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

  1. 01

    Segment Margin Trends: Monitor the ongoing profitability and volume growth trajectory across the paper and hygiene product segments.

  2. 02

    Capex Execution: Track the capital work-in-progress deployments of INR 21.29 crore toward future operational capacity.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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