16 Jul 2019 | 4:39 PM

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Kuantum Papers Q3 net profit up 31.02% at Rs 22.09 cr
  Kuantum Papers Ltd. | 16 Jul 2019 | 04:01 PM
Published on 02-12-2019
The company reported standalone net profit of Rs 22.09 crore for the quarter ended December 31 2018 as compared to Rs 16.86 crore in the same period last year registering a year-on-year growth of 31.02 per cent.


Net revenue of the company rose substantially by 29.08 per cent at Rs 223.73 crore in October-December quarter of this fiscal as against Rs 173.33 crore in the corresponding period last year.


During October-December quarter operating expenses increased by 30.23 per cent to Rs 180.87 crore from Rs 138.88 crore in year ago period.


Other Income grew by 104.30 per cent at Rs 1.90 crore versus (Dec`17 Rs 0.93 crore).


Operating Profit surged by 28.39 per cent to Rs 44.32 crore as against Rs 34.52 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 0.50 per cent in December quarter.


Interest grew by 34.08 per cent y-o-y to Rs 7.79 crore while Taxation increased by 23.28 per cent at Rs 9.69 crore (Dec`17 Rs 7.86 crore).