NR Agarwal Industries Posts Q2 FY27 Turnaround

Net Profit: Rs 30.94 crore | Revenue: Rs 668.81 crore

Reader Takeaway: Strong revenue growth and effective cost management drove a return to profitability for the paper manufacturer.

What just happened

NR Agarwal Industries Limited announced a major financial turnaround for the second quarter ended September 30, 2026. The company moved from a net loss of Rs 1.47 crore in the previous year's corresponding quarter to a healthy net profit of Rs 30.94 crore. Revenue from operations witnessed a strong 27.5% jump to Rs 668.81 crore, compared to Rs 524.68 crore in Q2 FY26.

Why this matters

The results highlight the company's improved operational efficiency. While total expenses increased from Rs 514.74 crore to Rs 629.57 crore during the period, the robust top-line growth more than offset these costs. This indicates the firm is effectively scaling its operations while managing input pressures in the paper and paperboard industry.

What changes now

Following the board meeting on November 3, 2026, the company has cleared its financial statement for the first half of the fiscal year. With an EPS of Rs 18.18 for the quarter, the company’s bottom-line recovery provides a clearer picture of its earnings potential for the full fiscal year.

Risks to watch

Investors should closely track whether the company can maintain these margins in the coming quarters. Increased operational expenses remain a variable to monitor, as fluctuations in raw material or energy costs could impact profitability in future periods.

What to track next

Shareholders should look for management commentary regarding demand trends for paper products. Sustaining this momentum in volume growth will be critical for long-term margin stability.