Shreyans Industries Q1 Results Total Revenue ₹135.56 crores & Operating Income ₹12.02 crores

Shreyans Industries Q1 Results: The financial results for Shreyans Industries show notable changes for the first quarter of June 2024 compared to previous periods. The total revenue for this quarter was 135.56 crores, which is a 19.08% decrease from the previous quarter (QoQ) and a 27.82% drop year-over-year (YoY) from June 2023. This means that Shreyans Industries earned much less this quarter compared to both the last quarter and the same quarter last year.

Shreyans Industries’ Total Operating expenses decreased by 19.64% QoQ but were still 18.67% lower YoY. This decrease in expenses helped slightly reduce the impact of the drop in revenue. However, the operating income fell dramatically by 66.52% YoY, showing a significant decline in the company’s ability to generate profit from its operations.

Shreyans Industries’ Net income also decreased sharply, with a 56.30% YoY reduction, indicating that Shreyans Industries' overall profit has been significantly lower compared to the same quarter last year. Similarly, the diluted normalized EPS (earnings per share) decreased by 56.29% YoY, reflecting a lower return on investment for shareholders. In summary, the company experienced a challenging quarter with substantial year-over-year declines in revenue, operating income, and net income.

Here are the Q1 financial results for Shreyans Industries, with all figures in crores except per share values:

(Rs. in Crores)

Source: Here 

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Shreyans Industries Q1 Results

Shreyans Industries earned ₹13,555.81 lakhs from its operations For the quarter ending June 30, 2024. They also made ₹743.51 lakhs from other sources, bringing their total income to ₹14,299.32 lakhs. Their expenses for this quarter were ₹12,445.96 lakhs. This includes costs like materials, employee wages, finance costs, and other operational expenses. After subtracting these expenses, the company had a profit of ₹1,853.36 lakhs before taxes. They paid ₹456.35 lakhs in taxes, leaving them with a net profit of ₹1,397.01 lakhs. They also recorded ₹13.85 lakhs in other comprehensive income, which totals their overall profit for the period to ₹1,410.86 lakhs.

For the entire year ending March 31, 2024, their operations generated ₹69,916.82 lakhs in revenue, with an additional ₹3,497.95 lakhs from other income sources, making the total income ₹73,414.77 lakhs. Their annual expenses were ₹61,940.84 lakhs. After covering these expenses, the company made a profit of ₹11,473.93 lakhs before taxes. After paying taxes of ₹2,731.88 lakhs, their net profit for the year was ₹8,742.05 lakhs. Adding other comprehensive income of ₹55.49 lakhs, the total comprehensive income for the year was ₹8,797.54 lakhs. The company’s earnings per share (EPS) for the year was ₹63.24.

Here are the financial results in table format:

(in Lakhs)

Shreyans Industries Financial Metrics

Shreyans Industries has a market cap of ₹362 crore, showing the total value of its shares. The current price of the stock is ₹262 per share. It has fluctuated between a high of ₹347 and a low of ₹165. The price-to-earnings (P/E) ratio is 5.21, which means the stock is relatively inexpensive compared to its earnings. Each share has a book value of ₹277, indicating its worth based on company assets minus liabilities. 

Here's a summary of the company's financial metrics:

Quarterly Results 

The table for Shreyans Industries shows their financial performance from December 2023 to June 2024. In December 2023, the company had sales of Rs. 173 crores and expenses of Rs. 155 crores, resulting in an operating profit of Rs. 17 crores and a profit before tax of Rs. 28 crores. Their net profit was Rs. 21 crores, with an EPS of Rs. 15.08. In March 2024, sales were slightly lower at Rs. 168 crores, and expenses were Rs. 150 crores. 

Here's the transposed data for December 2023, March 2024, and June 2024:

(Figures in Rs. Crores)

About Shreyans Industries

Shreyans Industries was founded in 1979 by Sh. D.K. Oswal is a major paper manufacturing company based in Punjab, India. Sh. Oswal, a respected business leader, played a crucial role in setting up the company and driving its growth. Under his leadership, the company earned the National Productivity Award from the Government of India for five consecutive years, showcasing its commitment to excellence.

Shreyans Industries specializes in producing eco-friendly writing and printing paper. It operates two modern manufacturing units in Punjab: Shreyans Papers in Ahmedgarh and Shree Rishab Papers in Nawanshaher. Both units, established in 1979 and starting production in 1982, have a combined annual production capacity of 94,000 tonnes. The paper is made from natural agro-residuals like wheat straw, bagasse, and sarkanda, making it environmentally friendly.

Shreyans Industries continuously upgrades its technology, including advanced machinery and quality control systems. The company’s wide range of products serves various sectors, including publishers, job printers, and government departments. Their commitment to sustainability and quality has made them a prominent name in the paper industry.