Kuantum Papers earnings calls.

Kuantum Papers reported Q3 FY26 operational income of INR 290Current reported value: 290. No comparable prior figure is available in the source record. crore, up 4% sequentially, driven by INR 850/ton price improvement and 1,701 tons higher sales volume. EBITDA reached INR 39Current reported value: 39. No comparable prior figure is available in the source record. crore (13.55Current reported value: 13.55. No comparable prior figure is available in the source record.% margin, +125bps QoQ) while PAT came in at INR 10Current reported value: 10. No comparable prior figure is available in the source record. crore. The industry continues facing headwinds from low-priced imports, particularly from ASEAN nations landing at $680-750/ton, impacting realizations. Management expects Q4 to marginally outperform Q3 and targets INR 1,800 croreCurrent reported value: INR 1,800 crore. No comparable prior figure is available in the source record. topline with INR 300 croreCurrent reported value: INR 300 crore. No comparable prior figure is available in the source record. EBITDA upon full capacity utilization post-PM2 and PM3 upgradation (scheduled Feb and May 2026). Raw material costs remain elevated due to Punjab wheat straw scarcity from prior floods, though new harvest season starting April should provide relief. Plant utilization stands at ~100%Current ~100%. Reported change: Sustained peak utilization. with PM4 achieving record 8,758 MTCurrent 8,758 MT. Reported change: Record high (PM4). monthly output in December 2025. Forward pricing indicators show 2,000-4,000 INR/ton industry-wide hikes expected, supporting margin recovery trajectory toward 20%+ levels. Risks include import competition, capacity oversupply concerns from JK Paper and others entering packaging segments, and dependency on continued price recovery.