06 Dec 2019 | 6:50 AM

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COMPANYNEWS
Kuantum Papers Q2 net profit up 36.89% at Rs 19.37 cr
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Published on 11-14-2019
The company reported standalone net profit of Rs 19.37 crore for the quarter ended September 30 2019 as compared to Rs 14.15 crore in the same period last year registering a year-on-year growth of 36.89 per cent.


Net revenue of the company rose moderately by 11.97 per cent at Rs 190.05 crore in July-September quarter of this fiscal as against Rs 169.73 crore in the corresponding period last year.


During July-September quarter operating expenses increased by 12.11 per cent to Rs 159.91 crore from Rs 142.64 crore in year ago period.


Other Income dipped by 78.61 per cent at Rs 1.11 crore versus (Sep`18 Rs 5.19 crore).


Operating Profit surged by 10.82 per cent to Rs 30.52 crore as against Rs 27.54 crore in the year ago period while Operating Profit Margin (OPM) contracted year-on-year to 0.99 per cent in September quarter.


Interest grew by 42.72 per cent y-o-y to Rs 8.82 crore while Taxation decreased by 166.77 per cent at Rs -4.36 crore (Sep`18 Rs 6.53 crore).