Sundaram Multi Pap delivers positive Q3FY22 numbers led by strong hold on its edtech biz

27 Jan 2022 , 09:17 AM

Sundaram Multi Pap Ltd has recorded positive figures for this quarter and nine months ended December 31, 2021 and has also established a strong hold on its edtech business.

With various new products and apps launched in Eclass education business, the company aims at growing its revenues at a higher rate year on year.

KEY HIGHLIGHTS:

• The Company reported Revenue from Operations of Rs4527.79 Lakhs as compared to Rs3013.29 Lakhs for the nine months ended 31.12.2021 and 31.12.2020 respectively which has increased by 50 % compared to earlier year.
• The Profit after tax for the nine months ended 31.12.2021 was Rs201.58 Lakhs as against loss of Rs (711.80) Lakhs for the nine months ended 31.12.2020 which has significantly revived from loss to profit by 130% as compared to earlier year.
• In January 2022, to mitigate the impact of challenges created due to the Covid-19 pandemic, Maharashtra Government has eased the restriction by re-opening of schools and colleges which will give a boost to the stationery businesses revenue. There are millions of students who will get back to schools/colleges in turn helping the company’s revenues.
• “This quarter’s performance makes us very confident in our ability to reach our 2022 objectives, along with a strong growth in our retail markets,” said Company.
• The company has also started its gradual country expansion by distributing its products in new states. The company has already launched its online books store in this quarter.

At around 9:17 AM, Sundaram Multi Pap was trading at Rs4.28 per piece higher by 4.90% on Sensex.