Emami Paper Q1 FY27: PAT jumps 512% to ₹38.6 cr

Board clears June-quarter numbers

Emami Paper Mills Limited (NSE: EMAMIPAP) announced its standalone unaudited financial results for the quarter ended 30 June 2026 on 22 July 2026. The company said its board of directors, in a meeting held on the same day, considered and approved the results. The filing also includes a limited review report issued by the statutory auditor, SK Agrawal and Co Chartered Accountants LLP. The disclosure was made under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The quarterly numbers have been prepared under Ind AS 34 for interim financial reporting, as prescribed under Section 133 of the Companies Act, 2013.

Q1 FY27 headline: sharp jump in profit

For Q1 FY27, Emami Paper Mills reported a standalone profit after tax (PAT) of ₹38.61 crore. This compares with ₹6.31 crore in Q1 FY26, translating into a year-on-year increase of 511.86%. The company’s revenue from operations for the quarter stood at ₹560.16 crore. In the year-ago quarter, revenue from operations was ₹459.76 crore, implying year-on-year growth of 21.83%.

The filing also reported total comprehensive income of ₹39.80 crore for Q1 FY27, compared with ₹5.42 crore in Q1 FY26. Alongside profit growth, earnings per share (EPS) improved materially in the quarter. Basic EPS was reported at ₹6.21 for Q1 FY27, versus ₹0.84 for Q1 FY26. The company also disclosed diluted EPS of ₹5.69 for Q1 FY27, compared with ₹0.81 in Q1 FY26.

Key quarterly numbers at a glance

The company’s disclosure highlighted improved profitability and higher revenue relative to the same quarter last year. It also placed Q1 FY27 performance in context by showing Q1 FY26 operating and income metrics. The table below summarises the most cited figures from the filing.

Preference share redemptions scheduled in FY27

Beyond the quarterly profit and revenue numbers, the board noted upcoming redemptions of unlisted optionally convertible redeemable preference shares. In total, the scheduled redemptions across two series amount to ₹123.75 crore. These redemptions are due in July 2026 and September 2026, as per the company’s disclosure.

The first redemption relates to 7,50,000 unlisted Series II Tranche IV preference shares. Each share has a face value of ₹100 and a redemption premium of ₹500, aggregating to ₹45 crore, and is due on 31 July 2026. The second redemption relates to 11,25,000 unlisted Series III preference shares. Each share carries a face value of ₹100 and a redemption premium of ₹600, aggregating to ₹78.75 crore, and is due on 16 September 2026.

Exceptional item linked to new labour codes

The company’s filings also referenced an exceptional item related to India’s new labour codes. Emami Paper Mills assessed an exceptional item of ₹1.25 crore linked to incremental retiral obligations. The disclosure tied this assessment to the Government of India’s notification of four new Labour Codes, stated to be effective from 21 November 2025.

The company also noted this exceptional item in the context of the financial year ended 31 March 2026. Investors typically track such line items because they can affect comparability across periods, particularly when the base quarter has lower profitability. In this case, the company explicitly associated the exceptional item with incremental employee-related obligations.

Auditor review and accounting framework

The quarterly results were accompanied by a limited review report from the statutory auditor, SK Agrawal and Co Chartered Accountants LLP. The filing stated that the report was issued in compliance with SEBI’s listing regulations. The company also stated that the financial results were prepared in line with Ind AS 34, which governs interim financial reporting.

For readers following listed companies, these points matter because they describe the reporting framework and the nature of assurance for quarterly numbers. A limited review is not the same as a full audit, but it is a standard requirement for quarterly reporting by listed entities. The company’s reference to Section 133 of the Companies Act, 2013 anchors the accounting standards used for preparation of the results.

FY26 context: profit growth despite softer revenue

The quarterly disclosure sits against a broader FY26 performance in which Emami Paper Mills reported higher profits on slightly lower revenue. For FY26 (year ended 31 March 2026), the company reported revenue from operations of ₹1,907.23 crore, compared with ₹1,928.04 crore in FY25, a decline of 1.08% year-on-year. Net profit for FY26 was ₹61.38 crore, up from ₹26.01 crore in FY25, representing a 136% increase. Basic EPS for FY26 was reported at ₹9.34 versus ₹3.49 in FY25.

The company also reported that its net worth stood at ₹575.31 crore (down 15.11% year-on-year), while total assets were ₹1,822.48 crore (up 0.29% year-on-year), based on NSE-filed standalone financials cited in the provided data. These figures provide context for how Q1 FY27 performance compares with the prior full year’s trend.

Market impact: what investors are likely to track

The data provided also included the current price of Emami Paper Mills Ltd at ₹90.05. No day-wise price move or trading reaction was provided alongside the results, so market impact can only be described in terms of the disclosed facts. The combination of stronger year-on-year profit, higher revenue, and higher EPS in Q1 FY27 is the central financial takeaway from the quarter.

Another near-term item investors may track is the timing and quantum of the preference share redemptions totalling ₹123.75 crore in July and September 2026. Separately, the labour-code-linked exceptional item gives a policy-driven accounting context that readers may keep in mind when comparing profitability across periods mentioned in the filings.

Why this quarter matters

Q1 FY27 is notable mainly because it shows a large year-on-year improvement in standalone profitability, with PAT rising to ₹38.61 crore from ₹6.31 crore. Revenue from operations also expanded to ₹560.16 crore, up from ₹459.76 crore a year earlier, indicating higher reported operating scale in the quarter. The increase in basic EPS to ₹6.21 from ₹0.84 signals the profit change on a per-share basis, and total comprehensive income rose to ₹39.80 crore from ₹5.42 crore.

At the same time, the company’s disclosures highlight balance-sheet and capital structure events that sit alongside operating performance, specifically the scheduled preference share redemptions. These are fixed-date corporate actions and are not linked to quarterly performance alone. For investors assessing near-term corporate developments, those dates are concrete milestones disclosed by the company.

Closing takeaways and next milestones

Emami Paper Mills’ Q1 FY27 standalone unaudited results show higher revenue and a sharp rise in profit compared with Q1 FY26. The filing also sets out two preference share redemptions, due on 31 July 2026 and 16 September 2026, aggregating ₹123.75 crore. The company also referenced a ₹1.25 crore exceptional item connected to incremental retiral obligations arising from India’s new labour codes, effective 21 November 2025.

The next key dates specifically mentioned in the disclosure are the scheduled redemption due dates in July and September 2026. Any further updates on quarterly performance would depend on the company’s subsequent statutory filings and board approvals for future reporting periods.