Nupur Recyclers Limited Q2 Profit Rises 103% to ₹8.80 Crore
Key highlights
- Nupur Recyclers Limited’s Q2 FY27 consolidated revenue from operations rose 128.8% year on year to ₹111.57 crore.
- Consolidated Q2 FY27 net profit increased 103.1% year on year to ₹8.80 crore.
- NRL’s Q2 FY27 operating margin was 9.9%, up 290 basis points from 7.0% in Q2 FY26.
- Standalone Q2 FY27 revenue rose 164.9% year on year to ₹85.59 crore.
powered by IRIS
Nupur Recyclers Limited reported a 103.1% year-on-year rise in consolidated Q2 FY27 net profit to ₹8.80 crore, supported by 128.8% growth in revenue from operations to ₹111.57 crore. The September-quarter results show a sharp expansion in the company’s operating scale, although operating margin moderated from the preceding quarter.
Know Nupur Recyclers inside out
Results, valuation, peers and who's buying, in one view.
What did Nupur Recyclers Limited report for Q2 FY27?
Nupur Recyclers Limited reported consolidated revenue from operations of ₹111.57 crore for the quarter ended 30 September 2026, compared with ₹48.76 crore in Q2 FY26. Total income, including other income of ₹4.64 crore, stood at ₹116.21 crore, up 124.9% year on year from ₹51.68 crore.
NRL’s consolidated profit after tax rose to ₹8.80 crore from ₹4.33 crore a year earlier. Profit before tax increased to ₹11.72 crore from ₹5.45 crore. Basic earnings per share more than doubled to ₹1.16 from ₹0.56 in Q2 FY26. The board approved the standalone and consolidated unaudited results on 12 November 2026, and the company filed them with the NSE the same day.
How did NRL’s quarterly performance compare with prior periods?
NRL’s revenue from operations increased 40.6% sequentially from ₹79.34 crore in Q1 FY27. Net profit increased 19.1% quarter on quarter from ₹7.39 crore. The sequential figures indicate that the company maintained revenue growth after the June quarter, while profit also moved higher.
Operating profit, calculated as EBITDA in the results summary, rose 225.3% year on year to ₹11.09 crore from ₹3.41 crore. It was also 20.9% higher than ₹9.17 crore in Q1 FY27. However, operating expenses rose 42.6% sequentially to ₹104.49 crore, a faster pace than the 40.0% increase in total income.
What happened to NRL’s margins in the September quarter?
NRL’s consolidated operating margin was 9.9% in Q2 FY27, compared with 7.0% in Q2 FY26, an improvement of 290 basis points. The year-on-year improvement accompanied the rise in operating profit and revenue during the quarter.
The margin was lower than 11.6% reported in Q1 FY27, declining by 170 basis points sequentially. Net margin was 7.9%, compared with 8.9% a year earlier and 9.3% in the June quarter. The reported expense growth was higher than income growth on a sequential basis, which was reflected in the quarter-on-quarter margin movement.
Got a follow-up? Ask IRIS
What did the standalone financial results show?
NRL’s standalone revenue was ₹85.59 crore in Q2 FY27, rising 164.9% from ₹32.31 crore in Q2 FY26 and 119.8% from ₹38.94 crore in Q1 FY27. Standalone total income was ₹87.12 crore for the quarter.
Standalone net profit rose to ₹4.05 crore from ₹2.56 crore a year earlier and ₹2.33 crore in the preceding quarter. Standalone EBITDA was ₹4.26 crore, against ₹1.04 crore in Q2 FY26 and ₹1.43 crore in Q1 FY27. The standalone EBITDA margin improved to 5.0% from 3.2% a year ago and 3.7% in Q1 FY27.
Why do the Q2 FY27 results matter for investors?
The consolidated results show that NRL’s revenue from operations more than doubled from the year-ago quarter and that net profit also more than doubled. The company operates in metal scrap import and processing, and the quarterly figures reflect a much larger consolidated revenue base than in Q2 FY26.
The company’s results summary linked growth to higher capacity utilisation, new orders and scaling subsidiaries. It also disclosed plans to target a 6,000 MTPA battery recycling plant and additional extrusion capacity by Q4 FY27. These disclosed operational targets are relevant because the reported consolidated figures include contributions from group operations, including Frank Metals Recyclers Limited and Nupur Extrusion Private Limited.
Conclusion
NRL closed Q2 FY27 with consolidated revenue of ₹111.57 crore and net profit of ₹8.80 crore, representing year-on-year growth of 128.8% and 103.1%, respectively. Operating margin improved from the year-ago period, but declined from Q1 FY27 as expenses increased faster than total income sequentially.
Investors will watch progress on the planned 6,000 MTPA battery recycling plant and added extrusion capacity, both targeted for Q4 FY27. NRL has also scheduled a post-earnings conference call for 16 November 2026, while its Q3 FY27 results are expected in February 2027.