Shree Krishna Paper Mills & Industries Ltd posted a substantial rise in profitability for the first quarter of FY27, with standalone net profit after tax jumping to ₹6.38 crore from ₹0.88 crore in the corresponding period of FY26. The company’s total income from operations also expanded, reaching ₹60.25 crore, up from ₹55.61 crore year-on-year.

The Board of Directors approved the unaudited financial results at its meeting held on August 12, 2026. The figures were reviewed by the Audit Committee and subjected to a limited review by statutory auditors.

Financial Highlights

The operational net profit before tax saw a slight contraction to ₹1.13 crore from ₹1.25 crore in the previous year, indicating modest pressure on core operating margins despite the revenue growth. However, the inclusion of exceptional and/or extraordinary items significantly boosted the bottom line. Pre-tax profits after accounting for these exceptional items stood at ₹72.71 crore, compared to ₹1.25 crore in Q1FY26.

What the Numbers Show

The divergence between operational and total profitability is stark. While revenue grew by approximately 8%, core operational profits declined nearly 10%. The reported net profit growth of over 600% is almost entirely attributable to non-recurring exceptional items, which contributed roughly ₹61.58 crore to the pre-tax profit figure. This suggests that the company’s underlying business performance remained relatively flat, with the headline profit surge being a one-off accounting event rather than an improvement in operational efficiency or sales volume.

Total comprehensive income for the period was reported at ₹6.75 crore, up from ₹0.91 crore in the same quarter last year. Equity share capital remained unchanged at ₹13.52 crore.

Shree Krishna Paper Mills has approved the re-appointment of Naynesh Pasari as its Managing Director for a three-year term, ensuring leadership continuity for the paper manufacturing firm. The Board of Directors finalized the decision during a meeting held on August 04, 2026, at the company’s registered office in New Delhi. The new tenure commences on August 10, 2026, and extends until August 09, 2029. This appointment is subject to ratification by shareholders at the ensuing 54th Annual General Meeting.

The re-appointment follows a recommendation from the Nomination and Remuneration Committee and was disclosed pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company also referenced SEBI/HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its filing with BSE Limited. Ritika Priyam, Company Secretary and Compliance Officer, signed the intimation.

Key Details of Re-Appointment

Pasari holds an MBA in finance from Waltham, USA, and brings extensive experience in the paper industry, including competencies in business, finance, risk oversight, and governance. He is not liable to retire by rotation during this tenure. The company disclosed that Pasari is the son of Narendra Kumar Pasari, the Whole Time Director of the company, but is not related to any other director or key managerial personnel.

Leadership Profile

Naynesh Pasari possesses rich experience in accounting, marketing, export-import, and finance. The Board confirmed that he holds the requisite skill sets and exposure necessary for his role in the context of the company’s business operations. He is not debarred from holding the office of Director by any order passed by SEBI or any other authority, as per the disclosures required under BSE circular Number LIST/COM/14/2018-19 dated June 20, 2018.

What This Means

The re-appointment signals stability in the company’s executive leadership. With Pasari returning to the role of Managing Director, Shree Krishna Paper Mills aims to leverage his industry expertise and financial background to steer the company’s operations over the next three years. Shareholders will have the final say on the matter when they convene for the 54th Annual General Meeting.