Q4 Revenue: ~INR 1,000 crore
Management guided that Q4 will be marginally better than Q3 (INR 290 crore) on back of already implemented price hikes of INR 2,000/ton with another INR 2,000/ton expected before month-end.
KUANTUM / guidance tracker
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Kuantum Papers · forward-looking guidance across the available source record.
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Guidance tracker
What management said would happen.
revenue
Full Capacity Revenue Run Rate: INR 1,800 crore
Upon completion of all four machine upgradations (PM4, PM1, PM2, PM3), annualized topline target of INR 1,800 crore with EBITDA of INR 300 crore (16.7% margin), to be achieved in FY27-28.
Normalized EBITDA/ton: INR 15,000-17,000
Management indicated normalized EBITDA per kg should climb to INR 15-17/kg (vs current ~INR 13.5/kg) as price hikes materialize and raw material costs moderate post-April harvest.
PM2 & PM3 Capex Timeline
PM2 upgrade (INR 45 crore) scheduled for February 2026 with 30-day shutdown; PM3 upgrade (INR 140 crore) in May 2026 with 45-day shutdown, part of INR 735 crore total program.