{"url":"https://newsforagent.com/news/2026-10-24/seshasayee-paper-q2fy27-profit-jumps","markdown_url":"https://newsforagent.com/news/2026-10-24/seshasayee-paper-q2fy27-profit-jumps.md","title":"Seshasayee Paper Net Profit Jumps 89% to ₹42.31 Crore","headline":"Seshasayee Paper & Boards Q2FY27 Net Profit Jumps 89% to ₹42.31 Crore as Revenue Climbs 45%","description":"Seshasayee Paper & Boards posted ₹42.31 crore consolidated net profit for Q2FY27, up 89%, with revenue up 45% to ₹503.06 crore and current borrowings at nil.","section":"Earnings & Results","published_at":"2026-10-24T09:40:40+00:00","modified_at":"2026-10-24T09:40:40+00:00","author":"News Desk","key_takeaways":["Seshasayee Paper & Boards reported consolidated net profit of ₹42.31 crore for Q2FY27, an 89% year-on-year increase.","Revenue from operations rose 45% year-on-year to ₹503.06 crore, while other income fell about 11% to ₹11.89 crore.","The company's shareholding in associate Ponni Sugars (Erode) Limited rose to 35.78% after it acquired 2.90 lakh shares."],"companies":[{"name":"Seshasayee Paper & Boards","is_primary":true,"profile_url":null,"website":"http://www.spbltd.com"}],"source":{"publisher":"ScanX","title":"Seshasayee Paper Q2FY27 Results: Net profit jumps 89% YoY to ₹42.31 crore","url":"https://scanx.trade/stock-market-news/companies/seshasayee-paper-q2fy27-results-net-profit-jumps-89-yoy-42-31-crore/54378513"},"other_sources":[],"tags":["Earnings & Results","Seshasayee Paper & Boards"],"body_markdown":"Seshasayee Paper & Boards reported consolidated net profit of ₹42.31 crore for the quarter ended September 30, 2026, an 89% rise from ₹22.41 crore a year earlier, on revenue from operations of ₹503.06 crore. [ScanX](https://scanx.trade/stock-market-news/companies/seshasayee-paper-q2fy27-results-net-profit-jumps-89-yoy-42-31-crore/54378513) published the results on October 24, 2026.\n\n## Seshasayee Paper's Q2FY27 Profit and Revenue Growth\n\nRevenue from operations climbed 45% from ₹346.32 crore in Q2FY26. Total income rose 43% to ₹514.95 crore, while other income declined about 11% to ₹11.89 crore. Profit before tax reached ₹54.12 crore, up 88.5% from ₹28.71 crore, and basic earnings per share rose to ₹7.03 from ₹3.72.\n\nSeshasayee Paper & Boards makes paper and paperboard, and holds a stake in associate Ponni Sugars (Erode) Limited. The standalone entity recorded revenue of ₹502.99 crore and net profit of ₹34.96 crore. Standalone operating cash flow turned positive at ₹39.42 crore for the half year ended September 30, 2026, against a negative outflow of ₹72.92 crore a year earlier. Current borrowings fell to nil as of September 30, 2026, from ₹76.75 crore a year before, and standalone cash and cash equivalents stood at ₹53.17 crore, up from ₹7.81 crore at the end of FY26.\n\nDuring the quarter, Seshasayee acquired 2.90 lakh shares in Ponni Sugars (Erode) Limited, lifting its effective shareholding from 32.40% to 35.78%. The share of profit from the associate rose to ₹7.30 crore. On August 18, 2026, ScanX reported that Seshasayee had raised its Ponni Sugars stake to 35.72% by acquiring an additional 3.373% of shares through open market purchases on the NSE. The results were reviewed by the Audit Committee and approved by the Board of Directors on October 24, 2026. Seshasayee continues to pursue revival steps for assets acquired from Servalakshmi Paper Limited, with one appeal pending before the NCLAT.\n\n## Seshasayee Paper's Stake and Board Changes Before Q2\n\nOn October 21, 2026, ScanX reported that Atyant Capital India Fund 1 sold 13,03,649 shares of Seshasayee Paper & Boards through open market transactions between October 5 and October 21, 2026, cutting its stake from 5.364% to 3.297%, with the largest single-day sale on October 12. On September 4, 2026, ScanX reported that shareholders approved R.J. Ramesh as a nominee director via postal ballot, with 99.95% affirmative votes. On August 4, 2026, ScanX reported that the company sought shareholder approval via postal ballot to appoint R.J. Ramesh as a Nominee Director representing TIIC, its 14.27% stakeholder.\n\n## Seshasayee Paper's Next Steps on Servalakshmi Assets\n\nThe company continues revival steps for assets acquired from Servalakshmi Paper Limited, with one appeal pending before the NCLAT, as stated in the October 24, 2026 results announcement.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}