Kuantum Papers Ltd Q3FY24 profit drops to Rs. 42.15 crores

Kuantum Papers Limited has reported Standalone financial results for the period ended December 31, 2023.

Financial Results (Q3 FY2024) - QoQ Comparison

The company has reported total income of Rs. 302.1890 crores during the period ended December 31, 2023 as compared to Rs. 299.1821 crores during the period ended September 30, 2023.

The company has posted net profit / (loss) of Rs. 42.1527 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs. 42.6520 crores for the period ended September 30, 2023.

The company has reported EPS of Rs. 4.83 for the period ended December 31, 2023 as compared to Rs. 4.89 for the period ended September 30, 2023.

Financials	Q3 FY2024	Q2 FY2024	% Change
Total Income	₹ 302.1890 crs	₹299.1821 crs	1.01%
Net Profit	₹42.1527 crs	₹42.6520 crs	-1.17%
EPS	₹4.83	₹4.89	-1.23%

Financial Results (Q3 FY2024) - YoY Comparison

The company has reported total income of Rs. 302.1890 crores during the period ended December 31, 2023 as compared to Rs.351.8124 crores during the period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.42.1527 crores for the period ended December 31, 2023 as against net profit / (loss) of Rs.57.2812 crores for the period ended December 31, 2022.

The company has reported EPS of Rs.4.83 for the period ended December 31, 2023 as compared to Rs.6.56 for the period ended December 31, 2022.

Financials	Q3 FY2024	Q3 FY2023	% Change
Total Income	₹ 302.1890 crs	₹351.8124 crs	-14.11%
Net Profit	₹42.1527 crs	₹57.2812 crs	-26.41%
EPS	₹4.83	₹6.56	-26.37%

Financial Results (9 Months Ended FY2024) - YoY Comparison

The company has reported total income of Rs.915.0192 crores during the 9 Months period ended December 31, 2023 as compared to Rs.969.3123 crores during the 9 Months period ended December 31, 2022.

The company has posted net profit / (loss) of Rs.149.9371 crores for the 9 Months period ended December 31, 2023 as against net profit / (loss) of Rs.71.0999 crores for the 9 Months period ended December 31, 2022.

The company has reported EPS of Rs.17.18 for the 9 Months period ended December 31, 2023 as compared to Rs.8.15 for the 9 Months period ended December 31, 2022.

Financials	9 Months Ended FY2024	9 Months Ended FY2023	% Change
Total Income	₹915.0192 crs	₹969.3123 crs	-5.60%
Net Profit	₹149.9371 crs	₹71.0999 crs	110.88%
EPS	₹17.18	₹8.15	110.80%

Shares of Kuantum Papers Limited was last trading in BSE at Rs. 178.80 as compared to the previous close of Rs. 179.50. The total number of shares traded during the day was 43648 in over 863 trades.

The stock hit an intraday high of Rs. 183.00 and intraday low of 177.65. The net turnover during the day was Rs. 7878401.00.

Source : Equity Bulls

Keywords

KuantumPapers Q3FY24 9MFY24 ResultUpdate