TCPL Packaging reports 57.7% rise in Q2 FY27 net profit

TCPL Packaging posted consolidated net profit of INR 45.30 crore (USD 4.8m) for the July-September quarter, up 57.73% year on year, on revenue of INR 561.01 crore (USD 59.4m), up 21.83%. Operating profit rose 39% to INR 96.52 crore (USD 10.2m) and net margin improved to 8.1% from 6.2%, according to results announced on 5 November 2026.

Why this mattersMargin expansion ahead of revenue growth points to better operating leverage at an Indian packaging converter, though high leverage and profit volatility remain flagged risks.

• Consolidated revenue rose 21.83% year on year to INR 561.01 crore (USD 59.4m) from INR 460.48 crore (USD 48.7m).
• Net profit rose 57.73% to INR 45.30 crore (USD 4.8m) from INR 28.72 crore (USD 3.0m).
• Operating profit rose 39% to INR 96.52 crore (USD 10.2m) from INR 69.44 crore (USD 7.3m).
• Net profit margin improved to 8.1% from 6.2% a year earlier.
• Return on equity fell to 14.38% in FY26 from 24.54% in FY25.
• Debt stood at 0.80 times total assets in FY26.

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