Kusumgar Ltd reports Q2 consolidated revenue of ₹2,509.43 million and approves a proposed 50.1:49.9 tape JV term sheet with Certoplast
- Q2 net profit was ₹405.97 million; revenue rose 1.5% sequentially and 80.8% year on year, while net profit was down 4.8% sequentially and up 271.9% year on year.
- Consolidated operating margin was approximately 21.6%; limited review conclusions were unmodified, with no exceptional items disclosed.
- The non-binding term sheet with Certoplast Holding GmbH is for an Indian tape-manufacturing JV; it remains subject to definitive agreements, approvals and customary conditions.