Kuantum Papers posts Q1 net loss of Rs 38.85 cr
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The company reported standalone net loss during the quarter stood at Rs 38.85 crore as compared to net loss of Rs 5.45 crore in the previous year quarter. Net revenue of the company rose substantially by 85.90 per cent at Rs 274.24 crore in April-June quarter of this fiscal as against Rs 147.52 crore in the corresponding period last year. During April-June quarter, operating expenses increased by 61.65 per cent to Rs 213.42 crore from Rs 132.03 crore in year ago period.
Other Income dipped by 13.51 per cent at Rs 1.28 crore versus (Jun'21 Rs 1.48 crore). Operating Profit surged by 292.70 per cent to Rs 60.83 crore as against Rs 15.49 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 111.24 per cent in June quarter. Interest grew by 6.31 per cent y-o-y to Rs 18.04 crore, while Taxation increased by 223.95 per cent at Rs 8.23 crore (Jun'21 Rs -6.64 crore).
