Kuantum Papers Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 01, 2024 at 04:01 pm IST
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Kuantum Papers Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 3,005.69 million compared to INR 3,485.06 million a year ago. Revenue was INR 3,021.89 million compared to INR 3,518.12 million a year ago. Net income was INR 421.53 million compared to INR 572.81 million a year ago. Basic earnings per share from continuing operations was INR 4.83 compared to INR 6.56 a year ago. Diluted earnings per share from continuing operations was INR 4.83 compared to INR 6.56 a year ago.
For the nine months, sales was INR 9,104.38 million compared to INR 9,595.18 million a year ago. Revenue was INR 9,150.19 million compared to INR 9,693.12 million a year ago. Net income was INR 1,499.37 million compared to INR 711 million a year ago. Basic earnings per share from continuing operations was INR 17.18 compared to INR 8.15 a year ago. Diluted earnings per share from continuing operations was INR 17.18 compared to INR 8.15 a year ago.
Kuantum Papers Limited is an India-based company, which is primarily engaged in the business of manufacture and sales of paper. The Companyâs diverse product portfolio includes Maplitho, Creamwove, and a wide range of Specialty products such as Thermal Paper, Bond Paper, Parchment Paper, Azurelaid Paper, Cartridge Paper, Colored Paper, Ledger Paper, Stiffener Paper, Cupstock Paper, Carry Bag Paper, and Straw Paper, available in a GSM range of 42-200. Its products serve various applications, including book and notebook printing, annual reports, directories, account books, envelopes, diaries, calendars, computer, and office stationery. In addition, the Companyâs products are extensively utilized in the production of notepads and other stationery items for both home and international markets. The Companyâs clientele includes Walmart, McGraw Hill, Kokuyo, Thomson, Lotus Global, Pearson, Oxford University Press, Macmillan, and others.