Outcome of Board Meeting held on May 30, 2025 is attached
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Shreenath Paper Products Limited reported audited financial results for FY25 at its board meeting on May 30, 2025. Revenue from operations jumped to ₹18,966.82 lakhs from ₹10,608.11 lakhs in FY24, a growth of about 79%. Profit after tax rose to ₹438.11 lakhs from ₹288.87 lakhs, up roughly 52%, while EPS climbed to ₹3.06 from ₹1.96. The company recently listed on BSE SME on March 5, 2025 after raising ₹2,336.40 lakhs through an IPO of 53.10 lakh equity shares at ₹44 each. IPO proceeds were deployed towards working capital (₹830 lakh utilised of ₹1,800 lakh), general corporate purposes (₹249.24 lakh) and issue expenses (₹249.24 lakh). The statutory auditor (S. H. Dama Associates) issued an unqualified (clean) opinion on the results. However, net cash from operating activities turned negative at ₹(246.90) lakhs versus ₹669.26 lakhs in the previous year, largely due to higher working capital deployment.
Strong top-line and bottom-line growth, supported by post-IPO capital infusion, is positive for shareholders. However, the swing to negative operating cash flow signals rising working capital needs (inventory and receivables), which investors should monitor closely.