Sundaram Multi Pap Limited reports earnings for Q3FY22

Sundaram Multi Pap Limited has recorded positive figures for this quarter and nine months ended December 31, 2021 and has also established a strong hold on its edtech business. With various new products and apps launched in Eclass education business, the company aims at growing its revenues at a higher rate year on year.

KEY HIGHLIGHTS:

- The Company reported Revenue from Operations of Rs.4527.79 Lakhs as compared to Rs.3013.29 Lakhs for the nine months ended 31.12.2021 and 31.12.2020 respectively which has increased by 50 % compared to earlier year.

- The Profit after tax for the nine months ended 31.12.2021 was Rs.201.58 Lakhs as against loss of Rs. (711.80) Lakhs for the nine months ended 31.12.2020 which has significantly revived from loss to profit by 130% as compared to earlier year.

- In January 2022, to mitigate the impact of challenges created due to the Covid-19 pandemic, Maharashtra Government has eased the restriction by re-opening of schools and colleges which will give a boost to the stationery businesses revenue. There are millions of students who will get back to schools/colleges in turn helping the company's revenues.

- This quarter's performance makes us very confident in our ability to reach our 2022 objectives, along with a strong growth in our retail markets.

- The company has also started its gradual country expansion by distributing its products in new states. The company has already launched its online books store in this quarter (www.sundaramstore.com)

Shares of Sundaram Multi Pap Limited was last trading in BSE at Rs. 4.08 as compared to the previous close of Rs. 4.19. The total number of shares traded during the day was 327995 in over 304 trades.

The stock hit an intraday high of Rs. 4.25 and intraday low of 3.99. The net turnover during the day was Rs. 1324619.00.

Source : Equity Bulls

Keywords

SundaramMultiPap INE108E01023 Q3FY22 9MFY22 ResultUpdate Edtech