Kuantum Papers Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
February 11, 2022 at 05:50 am
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Kuantum Papers Limited reported earnings results for the third quarter and nine months ended December 31, 2021. For the third quarter, the company reported sales was INR 2,290.09 million compared to INR 1,181.08 million a year ago. Revenue was INR 2,305.91 million compared to INR 1,206.32 million a year ago. Net income was INR 40.36 million compared to net loss of INR 12.14 million a year ago. Basic earnings per share from continuing operations was INR 0.46 compared to basic loss per share from continuing operations of INR 0.14 a year ago. Diluted earnings per share from continuing operations was INR 0.46 compared to diluted loss per share from continuing operations of INR 0.14 a year ago.
For the nine months, sales was INR 5,759.25 million compared to INR 2,339.88 million a year ago. Revenue was INR 5,815.85 million compared to INR 2,438.81 million a year ago. Net income was INR 91 million compared to net loss of INR 231.51 million a year ago. Basic earnings per share from continuing operations was INR 1.04 compared to basic loss per share from continuing operations of INR 2.65 a year ago. Diluted earnings per share from continuing operations was INR 1.04 compared to diluted loss per share from continuing operations of INR 2.65 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.