Integrated Filing — IndAS

General information about company
Scrip Code	533208
NSE Symbol	EMAMIPAP
MSEI Symbol	NOTLISTED
ISIN	INE830C01026
Name of company	EMAMI PAPER MILLS LIMITED
Type of company	Main Board
Class of security	Equity
Date of start of financial year	01-Apr-2024
Date of end of financial year	31-Mar-2025
Date of board meeting when results were approved	20-May-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange	21-Apr-2025
Description of presentation currency	INR (in Actuals)
Reporting Type	Quarterly
Reporting Quarter	Fourth quarter
Nature of report standalone or consolidated	Standalone
Whether results are audited or unaudited for the quarter ended	Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended	Audited
Segment Reporting	Single segment
Description of single segment	The company has only one reportable business segment in which it operates i.e. paper and paperboard including newsprint.
Start date and time of board meeting	20-May-2025   13:30:00
End date and time of board meeting	20-May-2025   16:30:00
Whether cash flow statement is applicable on company	Yes
Type of cash flow statement	Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification	Declaration of unmodified opinion
Whether the company has any related party?	Yes
Whether the company has entered into any Related Party transaction during the selected half year for which it wants to submit disclosure?	Yes
(I) We declare that the acceptance of fixed deposits by the bans/Non-Banking Finance Company are at the terms uniformly applicable/offered to all shareholders/public	NA
(II) We declare that the scheduled commercial bank, as per RBI circular RBI/DBR/2015-16/19 dated March 03, 2016, has allowed additional interest of one per cent per annum, over and above the rate of interest mentioned in the schedule of interest rates on savings or a term deposits of banks staff and their exclusive associations as well as on deposits of Chairman, Chairman & Managing Director, Executive Director or such other Executives appointed for a fixed tenure.	NA
Whether the company is a high value debt listed entity according to regulation 15 (1A)?	No
(a) If answer to above question is Yes, whether complying with proviso to regulation 23 (9), i.e., submitting RPT disclosures on the day of results publication?
(b) If answer to above question is No, please explain the reason for not complying.
Whether the updated Related Party Transactions (RPT) Policy (in compliance with Reg. 23 of SEBI LODR) has been uploaded on the website of the Company?	Yes
Latest Date on which RPT policy is updated	2025-02-13
Indicate Company website link for updated RPT policy of the Company	https://www.emamipaper.com/downloads/EPML_RPT_POLICY_2.0_13022025.pdf
Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter?	No
No. of times funds raised during the quarter
Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity?	No
Not Applicable

Financial Results Ind-AS
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
Part I	Blue color marked fields are non-mandatory. For Consolidated Results, if the company has no figures for 3 months / 6 months ended, in such case zero shall be inserted in the said column.
1	Income
	Revenue from operations	4749500000	19280400000
	Other income	17500000	44600000
	Total income	4767000000	19325000000
2	Expenses
(a)	Cost of materials consumed	3213900000	13428700000
(b)	Purchases of stock-in-trade	7500000	16200000
(c)	Changes in inventories of finished goods, work-in-progress and stock-in-trade	69000000	-36600000
(d)	Employee benefit expense	226000000	893200000
(e)	Finance costs	158000000	611900000
(f)	Depreciation, depletion and amortisation expense	130500000	516900000
(f)	Other Expenses
1	Power and Fuel	345900000	1367900000
2	Other Expenses	576100000	2192900000
	Total other expenses	922000000	3560800000
	Total expenses	4726900000	18991100000
3	Total profit before exceptional items and tax	40100000	333900000
4	Exceptional items	0	0
5	Total profit before tax	40100000	333900000
6	Tax expense
7	Current tax	-17700000	5300000
8	Deferred tax	18600000	68500000
9	Total tax expenses	900000	73800000
10	Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement	0	0
11	Net Profit Loss for the period from continuing operations	39200000	260100000
12	Profit (loss) from discontinued operations before tax	0	0
13	Tax expense of discontinued operations	0	0
14	Net profit (loss) from discontinued operation after tax	0	0
15	Share of profit (loss) of associates and joint ventures accounted for using equity method	0	0
16	Total profit (loss) for period	39200000	260100000
17	Other comprehensive income net of taxes	-25100000	121800000
18	Total Comprehensive Income for the period	14100000	381900000
19	Total profit or loss, attributable to
	Profit or loss, attributable to owners of parent
	Total profit or loss, attributable to non-controlling interests
20	Total Comprehensive income for the period attributable to
	Comprehensive income for the period attributable to owners of parent
	Total comprehensive income for the period attributable to owners of parent non-controlling interests
21	Details of equity share capital
	Paid-up equity share capital	121000000	121000000
	Face value of equity share capital	2	2
27	Details of debt securities
22	Reserves excluding revaluation reserve		4992500000
23	Earnings per share
i	Earnings per equity share for continuing operations
	Basic earnings (loss) per share from continuing operations	0.45	3.49
	Diluted earnings (loss) per share from continuing operations	0.45	3.32
ii	Earnings per equity share for discontinued operations
	Basic earnings (loss) per share from discontinued operations	0	0
	Diluted earnings (loss) per share from discontinued operations	0	0
ii	Earnings per equity share
	Basic earnings (loss) per share from continuing and discontinued operations	0.45	3.49
	Diluted earnings (loss) per share from continuing and discontinued operations	0.45	3.32
24	Debt equity ratio
25	Debt service coverage ratio
26	Interest service coverage ratio
27	Disclosure of notes on financial results		The above financial results of the company have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meeting held on 20th day of May, 2025. The statutory auditors have carried out an audit of this financial results and has given unmodified opinion on the same. n nThe figures of the last quarter ended 31.03.2025 and 31.03.2024 are the balancing figures between audited figures in respect of the full financial year and the unaudited published year to date figures for the nine months ended of the respective financial years, which were subjected to Limited Review. n nThe company has only one reportable business segment in which it operates i.e. paper and paperboard including newsprint. n nThe Board of Directors has recommended a dividend of Rs.1.60 per equity share (80%) having face value of Rs. 2 each and Rs. 8 per preference shares (8%) having face value of Rs.100 each for the financial year 2024-25. n nThe company does not have any subsidiary/ Associate/ Joint venture company (ies) as on 31st March 2025, hence requirement to submit consolidated financial statement is not applicable to the company. n n n20,00,000, Series I 8% preference shares were due for conversion into equity shares or redemption at a premium of Rs.500 per share on March 28, 2025. Subsequently, with the prior approval of both equity and preference shareholders, the tenure of the said preference shares has been extended by an additional four years and the shares have been reclassified as 8% Non-Convertible Non-Cumulative Preference Shares (Series I NCRPS), bearing the same 8% non-cumulative dividend.These Series I NCRPS shall be redeemable at a premium of Rs. 716 per share, and the redemption shall take place at the end of four years from the date of variation, i.e., upon completion of 16 years from the original date of allotment. However, these Series 1 NCRPS may be redeemed before maturity at mutually agreed premium. As a result of this variation, the NCRPS are now treated as debt and measured at amortized cost. No changes have been made in the terms or accounting treatment of other Series of Preference Shares issued by the Company. n nCorresponding figures of the previous period have been regrouped/rearranged wherever necessary. n

Remarks
Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio

Statement of Asset and Liabilities
Particulars		Year ended (dd-mm-yyyy)
Date of start of reporting period		01-Apr-2024
Date of end of reporting period		31-Mar-2025
Whether results are audited or unaudited		Audited
Nature of report standalone or consolidated		Standalone
	Assets
1	Non-current assets
	Property, plant and equipment	10570300000
	Capital work-in-progress	37700000
	Investment property
	Goodwill	0
	Other intangible assets	17100000
	Intangible assets under development
	Biological assets other than bearer plants
	Investments accounted for using equity method
	Non-current financial assets
	Non-current investments	541200000
	Trade receivables, non-current
	Loans, non-current	1000000
	Other non-current financial assets	60200000
	Total non-current financial assets	602400000
	Deferred tax assets (net)
	Other non-current assets	99100000
	Total non-current assets	11326600000
2	Current assets
	Inventories	3689000000
	Current financial asset
	Current investments	53500000
	Trade receivables, current	2533200000
	Cash and cash equivalents	1000000
	Bank balance other than cash and cash equivalents	4600000
	Loans, current	3800000
	Other current financial assets	4800000
	Total current financial assets	2600900000
	Current tax assets (net)	53000000
	Other current assets	454600000
	Total current assets	6797500000
3	Non-current assets classified as held for sale	47300000
4	Regulatory deferral account debit balances and related deferred tax Assets
	Total assets	18171400000
	Equity and liabilities
1	Equity
	Equity attributable to owners of parent
	Equity share capital	121000000
	Other equity	6656200000
	Total equity attributable to owners of parent	6777200000
	Non controlling interest
	Total equity	6777200000
2	Liabilities
	Non-current liabilities
	Non-current financial liabilities
	Borrowings, non-current	3144000000
	Trade payables, non-current
	(A) Total outstanding dues of micro enterprises and small enterprises
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
	Total Trade payable
	Other non-current financial liabilities	76700000
	Total non-current financial liabilities	3220700000
	Provisions, non-current	239700000
	Deferred tax liabilities (net)	1427400000
	Deferred government grants, Non-current
	Other non-current liabilities	0
	Total non-current liabilities	4887800000
	Current liabilities
	Current financial liabilities
	Borrowings, current	4550900000
	Trade payables, current
	(A) Total outstanding dues of micro enterprises and small enterprises	35200000
	(B) Total outstanding dues of creditors other than micro enterprises and small enterprises	1410000000
	Total Trade payable	1445200000
	Other current financial liabilities	399700000
	Total current financial liabilities	6395800000
	Other current liabilities	65700000
	Provisions, current	44900000
	Current tax liabilities (Net)
	Deferred government grants, Current
	Total current liabilities	6506400000
3	Liabilities directly associated with assets in disposal group classified as held for sale
4	Regulatory deferral account credit balances and related deferred tax liability
	Total liabilities	11394200000
	Total equity and liabilites	18171400000
	Disclosure of notes on assets and liabilities	Textual Information(1)

Text Block

Textual Information(1)

The above financial results of the company have been reviewed by the Audit Committee and approved by the Board of Directors at their respective meeting held on 20th day of May, 2025. The statutory auditors have carried out an audit of this financial results and has given unmodified opinion on the same. n nThe figures of the last quarter ended 31.03.2025 and 31.03.2024 are the balancing figures between audited figures in respect of the full financial year and the unaudited published year to date figures for the nine months ended of the respective financial years, which were subjected to Limited Review. n nThe company has only one reportable business segment in which it operates i.e. paper and paperboard including newsprint. n nThe Board of Directors has recommended a dividend of Rs.1.60 per equity share (80%) having face value of Rs. 2 each and Rs. 8 per preference shares (8%) having face value of Rs.100 each for the financial year 2024-25. n nThe company does not have any subsidiary/ Associate/ Joint venture company (ies) as on 31st March 2025, hence requirement to submit consolidated financial statement is not applicable to the company. n n n20,00,000, Series I 8% preference shares were due for conversion into equity shares or redemption at a premium of Rs.500 per share on March 28, 2025. Subsequently, with the prior approval of both equity and preference shareholders, the tenure of the said preference shares has been extended by an additional four years and the shares have been reclassified as 8% Non-Convertible Non-Cumulative Preference Shares (Series I NCRPS), bearing the same 8% non-cumulative dividend.These Series I NCRPS shall be redeemable at a premium of Rs. 716 per share, and the redemption shall take place at the end of four years from the date of variation, i.e., upon completion of 16 years from the original date of allotment. However, these Series 1 NCRPS may be redeemed before maturity at mutually agreed premium. As a result of this variation, the NCRPS are now treated as debt and measured at amortized cost. No changes have been made in the terms or accounting treatment of other Series of Preference Shares issued by the Company. n nCorresponding figures of the previous period have been regrouped/rearranged wherever necessary. n

Format for Reporting Segmenet wise Revenue, Results and Capital Employed along with the company results
Particulars		3 months/ 6 month ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period		01-Jan-2025	01-Apr-2024
Date of end of reporting period		31-Mar-2025	31-Mar-2025
Whether accounts are audited or unaudited		Audited	Audited
Nature of report standalone or consolidated		Standalone	Standalone
1	Segment Revenue (Income)
	(net sale/income from each segment should be disclosed)
	Total Segment Revenue
	Less: Inter segment revenue
	Revenue from operations
2	Segment Result
	Profit (+) / Loss (-) before tax and interest from each segment
	Total Profit before tax
	i. Finance cost
	ii. Other Unallocable Expenditure net off Unallocable income
	Profit before tax
3	(Segment Asset - Segment Liabilities)
	Segment Asset
	Total Segment Asset
	Un-allocable Assets	null	null
	Net Segment Asset	null	null
4	Segment Liabilities
	Segment Liabilities
	Total Segment Liabilities
	Un-allocable Liabilities	null	null
	Net Segment Liabilities	null	null
	Disclosure of notes on segments

Other Comprehensive Income
Particulars		3 months/ 6 months ended (dd-mm-yyyy)	Year to date figures for current period ended (dd-mm-yyyy)
A	Date of start of reporting period	01-Jan-2025	01-Apr-2024
B	Date of end of reporting period	31-Mar-2025	31-Mar-2025
C	Whether results are audited or unaudited	Audited	Audited
D	Nature of report standalone or consolidated	Standalone	Standalone
	Other comprehensive income [Abstract]
1	Amount of items that will not be reclassified to profit and loss
1	Equity Instruments through Other Comprehensive Income	-17900000	145300000
2	Remeasurements of the defined benefit plans	-13100000	-14300000
	Total Amount of items that will not be reclassified to profit and loss	-31000000	131000000
2	Income tax relating to items that will not be reclassified to profit or loss	-5900000	9200000
3	Amount of items that will be reclassified to profit and loss
	Total Amount of items that will be reclassified to profit and loss
4	Income tax relating to items that will be reclassified to profit or loss	0	0
5	Total Other comprehensive income	-25100000	121800000

Cash flow statement, indirect
Particulars				Year ended (dd-mm-yyyy)
A	Date of start of reporting period			2024-04-01
B	Date of end of reporting period			2025-03-31
C	Whether results are audited or unaudited			Audited
D	Nature of report standalone or consolidated			Standalone
Part I	Blue color marked fields are non-mandatory.
	Statement of cash flows
	Cash flows from used in operating activities
	Profit before tax			333900000
	Adjustments for reconcile profit (loss)
	Adjustments for finance costs			611900000
	Adjustments for decrease (increase) in inventories			0
	Adjustments for decrease (increase) in trade receivables, current			0
	Adjustments for decrease (increase) in trade receivables, non-current			0
	Adjustments for decrease (increase) in other current assets			0
	Adjustments for decrease (increase) in other non-current assets			0
	Adjustments for other financial assets, non-current			0
	Adjustments for other financial assets, current			0
	Adjustments for other bank balances			0
	Adjustments for increase (decrease) in trade payables, current			0
	Adjustments for increase (decrease) in trade payables, non-current			0
	Adjustments for increase (decrease) in other current liabilities			0
	Adjustments for increase (decrease) in other non-current liabilities			0
	Adjustments for depreciation and amortisation expense			516900000
	Adjustments for impairment loss reversal of impairment loss recognised in profit or loss			0
	Adjustments for provisions, current			0
	Adjustments for provisions, non-current			0
	Adjustments for other financial liabilities, current			0
	Adjustments for other financial liabilities, non-current			0
	Adjustments for unrealised foreign exchange losses gains			0
	Adjustments for dividend income			0
	Adjustments for interest income			0
	Adjustments for share-based payments			0
	Adjustments for fair value losses (gains)			0
	Adjustments for undistributed profits of associates			0
	Other adjustments for which cash effects are investing or financing cash flow			-64400000
	Other adjustments to reconcile profit (loss)			0
	Other adjustments for non-cash items			35900000
	Share of profit and loss from partnership firm or association of persons or limited liability partnerships			0
	Total adjustments for reconcile profit (loss)			1100300000
	Net cash flows from (used in) operations			1434200000
	Dividends received			0
	Interest paid			0
	Interest received			0
	Income taxes paid (refund)			75300000
	Other inflows (outflows) of cash			-921100000
	Net cash flows from (used in) operating activities			437800000
	Cash flows from used in investing activities
	Cash flows from losing control of subsidiaries or other businesses			0
	Cash flows used in obtaining control of subsidiaries or other businesses			0
	Other cash receipts from sales of equity or debt instruments of other entities			0
	Other cash payments to acquire equity or debt instruments of other entities			0
	Other cash receipts from sales of interests in joint ventures			0
	Other cash payments to acquire interests in joint ventures			0
	Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships			0
	Cash payment for investment in partnership firm or association of persons or limited liability partnerships			0
	Proceeds from sales of property, plant and equipment			28000000
	Purchase of property, plant and equipment			205000000
	Proceeds from sales of investment property			0
	Purchase of investment property			0
	Proceeds from sales of intangible assets			0
	Purchase of intangible assets			0
	Proceeds from sales of intangible assets under development			0
	Purchase of intangible assets under development			0
	Proceeds from sales of goodwill			0
	Purchase of goodwill			0
	Proceeds from biological assets other than bearer plants			0
	Purchase of biological assets other than bearer plants			0
	Proceeds from government grants			0
	Proceeds from sales of other long-term assets			0
	Purchase of other long-term assets			0
	Cash advances and loans made to other parties			0
	Cash receipts from repayment of advances and loans made to other parties			0
	Cash payments for future contracts, forward contracts, option contracts and swap contracts			0
	Cash receipts from future contracts, forward contracts, option contracts and swap contracts			0
	Dividends received			7500000
	Interest received			0
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			0
	Net cash flows from (used in) investing activities	-169500000
	Cash flows from used in financing activities
	Proceeds from changes in ownership interests in subsidiaries			0
	Payments from changes in ownership interests in subsidiaries			0
	Proceeds from issuing shares			0
	Proceeds from issuing other equity instruments			0
	Payments to acquire or redeem entity's shares			0
	Payments of other equity instruments			0
	Proceeds from exercise of stock options			0
	Proceeds from issuing debentures notes bonds etc			0
	Proceeds from borrowings			990300000
	Repayments of borrowings			1135700000
	Payments of lease liabilities			200000
	Dividends paid			145800000
	Interest paid			583100000
	Income taxes paid (refund)			0
	Other inflows (outflows) of cash			556400000
	Net cash flows from (used in) financing activities			-318100000
	Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes			-49800000
	Effect of exchange rate changes on cash and cash equivalents
	Effect of exchange rate changes on cash and cash equivalents			0
	Net increase (decrease) in cash and cash equivalents			-49800000
	Cash and cash equivalents cash flow statement at beginning of period			50800000
	Cash and cash equivalents cash flow statement at end of period			1000000