Kuantum Papers Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2021
February 11, 2022 at 05:50 am EST
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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 that is primarily engaged in the business of manufacture and sales of paper, mainly in the domestic markets. The Company is involved in manufacturing writing, printing, and specialty papers. The product profile of the Company includes maplitho, colored paper, ledger, cartridge, parchment, duplicating paper, and wood free specialty papers. Its products are used in the printing of books, trade directories, newsprint, diaries, calendars, and computer stationery. The products are also used in the manufacturing of notebooks and other stationery items meant for exports as well as domestic sales. Its categories of products include creamwove, maplitho, copier, color copier, and specialty. The Company offers its products in various brands, such as Kuantum Gold, Kuantum Kappa, Kosheen, Kosheen Aqua, Kappa Premium, Kresto, Keon, K-One, Kaleela, Krayo, Krayo Board and Kosmo, among others.