Kusumgar Ltd reports Q2 net profit of ₹40.60 crore and approves proposed tapes JV with Certoplast Holding
- Consolidated revenue was ₹250.94 crore, up 80.8% year on year and 1.5% sequentially; operating margin was 21.6%.
- Net profit rose 271.9% year on year and fell 4.8% sequentially.
- Proposed JV ownership: Kusumgar 50.1%, Certoplast 49.9%; subject to definitive agreements, approvals and customary conditions.
- Auditors issued unmodified limited-review conclusions; prior-year comparative figures were not reviewed.