Sundaram Multi Pap delivers positive Q1FY23 figures; Stock gains 2%

11 Aug 2022 , 09:20 AM

Sundaram Multi Pap Limited has reported strong figures for the first quarter in 2022.

The Company reported Revenue from Operations of Rs2595.91 Lakhs as compared to Rs1181.87 Lakhs for three months ended June 30, 2022 and June 30, 2021 respectively which has increased by 120 % compared to earlier year.

The Profit after tax for three months ended June 30, 2022 is Rs.322.96 Lakhs as against loss of Rs. (99.00) Lakhs for three months ended June 30, 2021. The company has significantly reported strong profits as compared to last year’s loss.

The company’s educational arm EClass has also witnessed robust growth, with good corporate orders, and retail digitalization of schools. Eclass is revolutionizing edtech space in schools by providing its digital content and software’s. With over 2000+ schools and 80,000+ android tablets covered, the company aims to grow by great speed from here on.

At around 9:17 AM, Sundaram Multi Pap was currently trading at Rs3.51 per share up by Rs0.07 or 2.03% from its previous closing of Rs3.44 per share on the BSE.