With reference to financial results submitted on May 30, 2025 there was an inadvertent error in EPS mentioned in financial results as 1.47 instead of 1.96. The corrected copy is attached. ....
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Shreenath Paper Products issued a corrigendum fixing a typo in its FY25 results — EPS was initially reported as Rs.1.47 but the correct figure is Rs.1.96 (basic and diluted). For FY25, the company reported revenue from operations of Rs.10,258.21 lakhs (down sharply from Rs.18,584.83 lakhs in FY24), total income of Rs.10,608.11 lakhs, profit after tax of Rs.288.87 lakhs (vs Rs.438.11 lakhs prior year), and EPS of Rs.1.96 (vs Rs.3.06). The company recently listed on BSE SME on March 5, 2025 after raising Rs.2,336.40 lakhs through an IPO. The auditor (SHDA & Associates) gave an unqualified (clean) opinion on the results.
The corrected EPS is 33% higher than the originally reported figure, which is mildly positive for shareholders, but the underlying business still shows a steep ~45% YoY revenue decline and ~34% drop in net profit. Investors should focus on the real performance trend rather than the typo correction.