NR Agarwal Industries posted a ₹30.94 cr Q2 profit, bouncing back from a year-ago loss as sales rose 27.5%.

The Mumbai-based paper and paperboard maker reported revenue of about Rs 669 crore for the quarter ended 30 September.

In the same quarter last year, the figure stood at about Rs 525 crore. That is a jump of roughly Rs 144 crore.

Total income, which adds smaller earnings from outside sales, came to Rs 671.93 crore.

Profit before tax tells the sharper story. It reached Rs 42.36 crore, against a pre-tax loss of Rs 0.32 crore in the same quarter last year.

After tax, the company kept Rs 30.94 crore. In the year-ago quarter, it posted a loss of Rs 1.47 crore.

In plain terms, the company went from a small loss to a clear profit. Each share earned Rs 18.18 for the quarter. The six-month picture is stronger still.

From April to September, net profit came to Rs 65.92 crore, which is more than four times the Rs 15.07 crore it made in the same period last year.

Earnings per share for the half year rose to Rs 38.73 from Rs 8.86. Debt also moved lower.

Non-current borrowings, which are loans due after more than a year, stood at Rs 535.60 crore on 30 September, down from Rs 587.24 crore at the end of March.

Shareholders’ funds, meaning the company’s net worth on its books, were Rs 877.66 crore.

The board met from 2 pm to 4:20 pm on 3 November and approved the unaudited standalone results for the quarter and half year.

After a limited review, the statutory auditors gave a clean conclusion with no qualifications.

These figures cover the company on its own, and they remain unaudited.

NR Agarwal Industries is based in Andheri West and reports its paper and paperboard business as a single segment.

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