N R Agarwal Industries has appointed Manoj Chauhan as Chief Marketing & Business Transformation Officer, effective September 1, 2026. The appointment marks a strategic addition to the company’s senior management team.

The company disclosed the change in senior managerial personnel to the Bombay Stock Exchange and the National Stock Exchange of India. The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

Mr. Chauhan joins the company on a full-time employment basis. His role will focus on marketing strategies and business transformation initiatives. The appointment follows the regulatory requirements for listing entities to inform stock exchanges of changes in key managerial personnel.

Profile Overview

Mr. Chauhan brings over 28 years of experience in global and domestic sales, marketing, and supply chain management. His expertise spans packaging boards, specialty paper, copier paper, and tissue paper sectors.

Before joining N R Agarwal Industries, Mr. Chauhan worked with Century Pulp & Paper. He is recognized for building diverse teams, managing change, and optimizing distribution channels. His expertise includes digitizing systems to improve customer experience and operational efficiencies.

The appointment was confirmed by Pooja Daftary, Company Secretary & Compliance Officer of N R Agarwal Industries Limited.

N R Agarwal Industries Limited reported a net profit of ₹34.98 crore for the quarter ended June 30, 2026, marking a 111% year-on-year increase from ₹16.55 crore in Q1FY26. The Mumbai-based paper manufacturer posted revenue from operations of ₹646.96 crore, a 43% rise from ₹452.14 crore in the same period last year. EBITDA surged to ₹743M from ₹165M, with the EBITDA margin expanding sharply to 11.48% from 3.65%, reflecting significant improvement in operating efficiency and core business profitability.

The Board of Directors approved the unaudited financial results at a meeting held on August 05, 2026, pursuant to Regulation 30 and Regulation 33 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were prepared in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013. Statutory Auditors GMJ & Co., Chartered Accountants, conducted a limited review under Standard on Review Engagements (SRE) 2410 and issued an unmodified opinion on the financial statements.

Financial Performance Overview

Revenue from operations grew significantly, driven by increased sales volume or pricing power, while other income contributed minimally at ₹5.77 crore compared to ₹25.68 crore in Q1FY26. Total expenses rose to ₹606.97 crore from ₹468.01 crore, primarily due to higher cost of materials consumed, which increased to ₹426.15 crore from ₹298.45 crore. Employee benefits expenses also saw a rise to ₹34.01 crore from ₹25.18 crore. The following table summarises the key financial metrics for the quarter:

Profit before tax surged to ₹45.76 crore from ₹9.82 crore, aided by a lower tax expense burden relative to pre-tax profits. The total tax expense was ₹10.79 crore, comprising ₹1.53 crore current tax and ₹10.63 crore deferred tax. In contrast, the previous year saw a deferred tax credit of ₹6.73 crore, reducing the overall tax impact.

What the Numbers Show

The sharp divergence between the growth in revenue (43%) and the decline in other income (77.5%) indicates that the profit surge is operationally driven rather than reliant on non-operating gains. The EBITDA margin expansion from 3.65% to 11.48% further underscores the improvement in core operating performance during the quarter. In Q1FY26, other income constituted over 5% of total income, whereas in Q1FY27, it fell below 1%, suggesting improved core business efficiency. Additionally, while material costs rose proportionally with revenue, employee benefits and finance costs grew at a slower pace, contributing to margin expansion. The company's paid-up equity capital remained unchanged at ₹17.02 crore.