Multibagger in just one year: This small-cap paper stock reports impressive 280 per cent growth in net profits!

Shares of the company have gained more than 30 per cent in the last six months.

On July 26, 2023, Kuantum Papers Limited has reported results for the first quarter ended June 30, 2023 (Q1FY24). The revenue of the company for Q1FY24, stood at Rs 312.38 crore which grew by 14.48 per cent YoY. The operating profit of the company stood at Rs 110.30, growing 77.61 per cent YoY while the PAT of the company grew by 285 per cent YoY staying at Rs 65.13 crore.

The company posted the highest ever EBITDA margin of 35 per cent achieved in Q1FY24, despite a decrease in net sales realization on the back of better product mix & cost efficiencies. The margin improvement was mainly because of a reduction in fuel cost, raw material and production efficiency.

Kuantum Papers Ltd is a leading wood and agro-based paper manufacturer that started its commercial operations in 1980 in the economically backward village of Hoshiarpur, Punjab. The company started its production with 30 TPD and is currently operating at 450 TPD. After the completion of their backward integration project in March’21, the total production capacity stands at 450 TPD.

On Friday, the stock opened at Rs 191.95, with a high and low of Rs 191.95 and Rs 186.75. The stock is currently trading at Rs 186.80, down by 1.06 per cent.

In the last one year, the shares of the company have given more than 100 per cent returns and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.