Kuantum Papers Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
October 28, 2021 at 05:18 am
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Kuantum Papers Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 2,000.6 million compared to INR 683.08 million a year ago. Revenue was INR 2,019.95 million compared to INR 750.32 million a year ago. Net income was INR 105.14 million compared to net loss of INR 56.76 million a year ago. Basic earnings per share from continuing operations was INR 1.2 compared to basic loss per share from continuing operations of INR 0.65 a year ago. Diluted earnings per share from continuing operations was INR 1.2 compared to diluted loss per share from continuing operations of INR 0.65 a year ago.
For the six months, sales was INR 3,469.16 million compared to INR 1,158.81 million a year ago. Revenue was INR 3,509.95 million compared to INR 1,232.5 million a year ago. Net income was INR 50.65 million compared to net loss of INR 219.37 million a year ago. Basic earnings per share from continuing operations was INR 0.58 compared to basic loss per share from continuing operations of INR 2.51 a year ago. Diluted earnings per share from continuing operations was INR 0.58 compared to diluted loss per share from continuing operations of INR 2.51 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.