Orient Paper and Industries Ltd Q1 FY24 net profit lower at Rs. 32.18 crores

Orient Paper & Industries Limited has reported Standalone financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 253.7869 crores during the period ended June 30, 2023 as compared to Rs. 277.5085 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 32.1847 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 49.9525 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 1.52 for the period ended June 30, 2023 as compared to Rs. 2.35 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 253.7869 crs	₹277.5085 crs	-8.55%
Net Profit	₹32.1847 crs	₹49.9525 crs	-35.57%
EPS	₹1.52	₹2.35	-35.32%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 253.7869 crores during the period ended June 30, 2023 as compared to Rs.213.6581 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.32.1847 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.2.2336 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.1.52 for the period ended June 30, 2023 as compared to Rs.0.11 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 253.7869 crs	₹213.6581 crs	18.78%
Net Profit	₹32.1847 crs	₹2.2336 crs	1,340.93%
EPS	₹1.52	₹0.11	1,281.82%

Shares of Orient Paper & Industries Limited was last trading in BSE at Rs. 43.89 as compared to the previous close of Rs. 44.91. The total number of shares traded during the day was 140622 in over 801 trades.

The stock hit an intraday high of Rs. 45.20 and intraday low of 43.80. The net turnover during the day was Rs. 6242225.00.

Source : Equity Bulls

Keywords

OrientPaperandIndustries Q1FY24 ResultUpdate