Board Approves Q3 and Nine-Month Financials; Revenue at ₹16,965.72 Lakhs
Ludhiana, February 5, 2025 – Shreyans Industries Limited (NSE: SHREYANIND, BSE: 516016) announced its unaudited financial results for Q3 FY25, reporting a net profit of ₹910.29 lakhs, reflecting a decline from ₹2,085.34 lakhs in Q3 FY24.
Key Financial Highlights (Standalone)
Quarter Ended December 31, 2024
Particulars
Q3 FY25 (₹ Lakhs)
Q2 FY25 (₹ Lakhs)
Q3 FY24 (₹ Lakhs)
Revenue from Operations
16,965.72
13,247.11
17,264.56
Total Income
17,176.12
14,158.38
18,787.67
Total Expenses
15,874.06
12,985.11
15,990.58
Profit Before Tax
1,302.06
1,173.27
2,797.09
Net Profit
910.29
907.27
2,085.34
Earnings Per Share
₹6.58
₹6.56
₹15.08
Nine-Month Performance (April–December 2024)
Revenue stood at ₹43,768.64 lakhs, compared to ₹53,164.90 lakhs for the same period in FY24.
Net profit declined to ₹3,214.57 lakhs from ₹7,252.00 lakhs in the prior-year period.
EPS stood at ₹23.25 against ₹52.46 in the previous year.
Segment Performance
The company operates in a single segment: Writing and Printing Paper, in line with IND AS 108 - Operating Segments.
Cost of materials consumed for Q3 stood at ₹6,937.62 lakhs, compared to ₹7,844.33 lakhs in Q3 FY24.
Key Financial Developments
Other income (including fair value gains on investments) for Q3 was ₹210.40 lakhs, a significant drop from ₹1,523.11 lakhs in Q3 FY24.
Power & Fuel expenses remained a major cost driver at ₹2,925.40 lakhs in Q3 FY25.
Management Commentary
Vishal Oswal, Vice-Chairman & Managing Director, commented: "Despite market challenges and fluctuations in raw material costs, we continue to maintain operational efficiency. Our focus remains on improving margins and optimizing production costs to deliver consistent value to stakeholders."
Auditor’s Review
The Statutory Auditors, SCV & Co. LLP, conducted a Limited Review and stated that the financials comply with applicable IND AS norms and SEBI Listing Obligations. The auditors did not report any material misstatements.
Outlook & Strategic Initiatives
The company aims to enhance production efficiency and optimize costs in upcoming quarters.
It will focus on expanding market reach amid ongoing demand fluctuations in the paper industry.
Conclusion
Shreyans Industries reported a decline in both revenue and profit for Q3 FY25 amid cost pressures and lower other income. With a focus on operational efficiency, the company aims to stabilize earnings and improve financial performance in the coming quarters.
