Kuantum Papers announced that the Board of Directors of the Company at its meeting held on 29 April 2023, inter alia, have recommended the final dividend of Rs 3 per equity Share (i.e. 300%) , subject to the approval of the shareholders.

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Kuantum Papers announced that the 26th Annual General Meeting (AGM) of the company will be held on 7 July 2023.

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Net profit of Kuantum Papers rose 1405.79% to Rs 65.05 crore in the quarter ended March 2023 as against Rs 4.32 crore during the previous quarter ended March 2022. Sales rose 37.21% to Rs 342.93 crore in the quarter ended March 2023 as against Rs 249.93 crore during the previous quarter ended March 2022.

For the full year,net profit rose 914.53% to Rs 136.15 crore in the year ended March 2023 as against Rs 13.42 crore during the previous year ended March 2022. Sales rose 57.71% to Rs 1302.45 crore in the year ended March 2023 as against Rs 825.86 crore during the previous year ended March 2022.

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Kuantum Papers will hold a meeting of the Board of Directors of the Company on 29 April 2023.

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