Shree Krishna Paper Mills & Industries Ltd reported a net profit of ₹1,944.69 lakh for the financial year ended March 31, 2026, a significant increase compared to ₹112.74 lakh in the previous year. The company’s board approved the audited financial results for the quarter and year ended March 31, 2026 at a meeting held on May 29, 2026. The profitability was significantly bolstered by exceptional items totaling ₹2,025.75 lakh, recognized as profit on the sale of a vacant plot of land. Excluding these items, the profit before tax for the year was ₹452.43 lakh.

Total revenue from operations for FY26 rose to ₹22,808.36 lakh from ₹16,870.84 lakh in the previous year. For the quarter ended March 31, 2026, the company recorded a profit of ₹1,727.62 lakh, compared to ₹86.20 lakh in the corresponding quarter of the previous year. Revenue for the quarter stood at ₹6,065.11 lakh. The statutory auditors, M/s. Ashwani Garg & Associates, issued an unmodified opinion on the financial results.

Financial Performance

The company’s total income for FY26 reached ₹22,987.22 lakh, up from ₹16,995.64 lakh in FY25. Total expenses for the year increased to ₹22,534.79 lakh from ₹16,800.80 lakh. The basic earnings per share (EPS) for the year improved to ₹14.38 from ₹0.83 in the previous year.

Exceptional Items and Operational Updates

The surge in annual profitability was largely attributed to exceptional items of ₹2,025.75 lakh arising from the sale of land. The company also noted an incremental impact of ₹22.33 lakhs on employee benefit expenses due to the implementation of new Labour Codes effective from November 21, 2025.

Following the quarter's end, the company entered into a power purchase agreement with M/s. Ratan Green Projects One Private Limited to procure 8.5 MW of solar power. As part of this initiative, the company paid ₹93.00 lakhs towards an equity subscription, reflecting its commitment to renewable energy.

Board Approvals and Auditor Appointments

The board approved the re-appointment of M/s. G A M S & Associates LLP as Internal Auditors and M/s. Vijender Sharma & Co. as Cost Auditors for the financial year 2026-27. Additionally, the board approved the Board Report, Corporate Governance Report, and Management Discussion and Analysis Report for the financial year ended March 31, 2026. Details of related party transactions for the second half of the year were also considered and filed.

Shree Krishna Paper Mills & Industries Ltd has announced an investment in Ratan Green Projects One Private Limited (RGPOPL) as part of its strategy to procure solar power. The company has subscribed to and been allotted 6,039 fully paid-up equity shares, marking the completion of the first tranche of this transaction.

The subscription was made at a premium of ₹1,530 per share, with a face value of ₹10 each. The total investment for this stake amounts to ₹93,00,060, which translates to a 26.21% ownership in the presently issued and paid-up share capital of RGPOPL.

Investment Details

The following table outlines the key financial details of the share subscription:

This move follows previous intimations sent on April 15, 2026, and April 27, 2026, regarding the proposed investment. The company confirmed that the detailed disclosures required under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 were already submitted in the earlier communication dated April 15, 2026.

The information regarding this investment has been uploaded to the company's official website. The acquisition of a significant stake in RGPOPL aligns with Shree Krishna Paper Mills' objective of securing solar power for its operations.