23 Jul 2019 | 3:30 PM

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Kuantum Papers Q4 net profit up 0.26% at Rs 22.72 cr
  Kuantum Papers Ltd. | 23 Jul 2019 | 02:51 PM
Published on 05-30-2019
The company reported standalone net profit of Rs 22.72 crore for the quarter ended March 31 2019 as compared to Rs 22.66 crore in the same period last year registering a year-on-year growth of 0.26 per cent.


Net revenue of the company rose moderately by 12.78 per cent at Rs 214.75 crore in January-March quarter of this fiscal as against Rs 190.41 crore in the corresponding period last year.


During January-March quarter operating expenses increased by 13.04 per cent to Rs 167.46 crore from Rs 148.14 crore in year ago period.


Other Income dipped by 111.73 per cent at Rs -0.19 crore versus (Mar`18 Rs 1.62 crore).


Operating Profit surged by 11.76 per cent to Rs 47.60 crore as against Rs 42.59 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 0.89 per cent in March quarter.


Interest grew by 66.41 per cent y-o-y to Rs 8.62 crore while Taxation decreased by 22.63 per cent at Rs 8.65 crore (Mar`18 Rs 11.18 crore).