Kuantum Papers LimitedQ2 income ₹279 Cr (-8%), PM 3 rebuilt, price hikes due

Kuantum Papers' Q2 FY27 call, held on 30 October 2026, reported operational income of ₹279 crore, down 8% on the quarter because paper machine 3 was shut for a rebuild, and EBITDA of ₹35 crore at a 12.4% margin, down 84 basis points.

Profit after tax was ₹2 crore. For the first half, income rose 16% to ₹533 crore and profit after tax was ₹9 crore. The rebuild finished in a record 59 days against 65 planned, completing the upgrade of all four machines, and no further capex is planned. Management took a price hike of about 4% in late September and expects 7% to 11% across Q3 and Q4, calling Q3 upbeat. It targets annual sales of ₹1,300 crore plus and EBITDA margins of 18% to 20% next year, though its margin guidance for the second half was unclear.

Debt peaks near ₹700 crore, with ₹180 crore due for repayment this year. Chemical costs rose about 2% of sales and fuel costs 3% to 3.5% with the West Asia conflict, and duty requests on writing and printing paper are pending.