Results for half year ended on March 31, 2026 are attached
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Shreenath Paper Products reported audited results for FY2026 with total income of Rs 12,156.83 lakhs, up 14.6% from Rs 10,608.11 lakhs in FY2025. Revenue from operations grew 11.8% to Rs 11,466.22 lakhs. However, profit after tax declined marginally to Rs 285.54 lakhs from Rs 288.87 lakhs in the prior year, with EPS at Rs 1.45 compared to Rs 1.96. The auditor issued an unmodified (clean) opinion with no qualifications. The board also appointed new internal auditors (R. J. Nilange & Co) for FY 2026-27 and re-appointed Mr. Navneetdas Parekh as CFO for 3 years. Management indicated they are exploring joint venture opportunities for paper manufacturing.
The company showed revenue growth but profit remained flat or slightly declined year-on-year, which may concern investors expecting margin improvement. The clean audit opinion and new internal auditor appointment are standard governance actions with no adverse implications.