South India Paper Mills Reports Q1 Loss, Appoints New Secretarial Auditor
South India Paper Mills reported a net loss of Rs. 98.16 lakhs for Q1 FY2025-26, an improvement from the previous quarter's loss of Rs. 225.72 lakhs. Revenue from operations stood at Rs. 10,688.41 lakhs. The company appointed Mr. S N Hitaish Kumar as the new Secretarial Auditor for a five-year term, subject to shareholder approval. Six investor complaints were received and resolved during the quarter.
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South India Paper Mills has released its unaudited financial results for the first quarter ended June 30, 2025, revealing a challenging start to the fiscal year. The company also announced the appointment of a new Secretarial Auditor, signaling its commitment to maintaining robust corporate governance practices.
Financial Performance
The Nanjangud-based paper manufacturer reported a net loss of Rs. 98.16 lakhs for Q1 FY2025-26, a significant improvement from the loss of Rs. 225.72 lakhs in the previous quarter. Revenue from operations stood at Rs. 10,688.41 lakhs.
Here's a breakdown of the key financial metrics for Q1 FY2025-26:
| Particulars (in Lakhs) | Q1 FY2025-26 |
|---|---|
| Revenue from Operations | 10,688.41 |
| Total Income | 10,703.60 |
| Total Expenses | 10,572.48 |
| Profit/(Loss) Before Tax | 131.12 |
| Net Profit/(Loss) | (98.16) |
The company's total expenses for the quarter were Rs. 10,572.48 lakhs. The basic earnings per share (EPS) for the quarter was negative at Rs. 0.52.
Appointment of New Secretarial Auditor
The Board of Directors of South India Paper Mills has approved the appointment of Mr. S N Hitaish Kumar as the company's Secretarial Auditor. The appointment, subject to shareholder approval, is for a term of five consecutive financial years from April 1, 2025, to March 31, 2030.
Mr. Kumar, a Fellow Member of the Institute of Company Secretaries of India, brings over 22 years of experience in corporate governance, regulatory compliance, and business restructuring.
The appointment will be put to vote at the upcoming Annual General Meeting scheduled for September 18, 2025.
Investor Relations
The company reported that it received and resolved six investor complaints during the quarter, with no complaints pending at the beginning or end of the period.
Segment Information
South India Paper Mills continues to operate in a single reportable business segment: paper and paper products.
As the company navigates through challenging market conditions, it remains to be seen how its strategic decisions and operational improvements will impact its financial performance in the coming quarters.
Historical Stock Returns for South India Paper Mills
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| 0.0% | -5.13% | -7.91% | -15.80% | -26.63% | +25.06% |
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