Kuantum Papers Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 29, 2024 at 11:49 am
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Kuantum Papers Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 2,957.6 million compared to INR 3,429.33 million a year ago. Revenue was INR 3,019.17 million compared to INR 3,438.5 million a year ago. Net income was INR 338.89 million compared to INR 650.52 million a year ago. Basic earnings per share from continuing operations was INR 3.88 compared to INR 7.45 a year ago. Diluted earnings per share from continuing operations was INR 3.88 compared to INR 7.45 a year ago.
For the full year, the company reported sales was INR 12,061.98 million compared to INR 13,024.51 million a year ago. Revenue was INR 12,169.37 million compared to INR 13,131.63 million a year ago. Net income was INR 1,838.26 million compared to INR 1,361.52 million a year ago. Basic earnings per share from continuing operations was INR 21.07 compared to INR 15.6 a year ago. Diluted earnings per share from continuing operations was INR 21.07 compared to INR 15.6 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.