Orient Paper & Industries Ltd (ORIENTPPR)

Orient Paper & Industries Q4 FY23-24 Revenue and Net Profit Decline - 07 Jul, 2024

Orient Paper & Industries Ltd recorded a 17.3% decline in operating revenue, generating Rs. 430.6 crore in Q4 FY23-24 compared to Rs. 520.64 crore in Q4 FY22-23. The net profit also fell by 15%, reaching Rs. 39.4 crore from Rs. 46.3 crore in the same period of the previous fiscal year.

Orient Paper & Industries Ltd Shares Jump 31% in a Month - 03 Jul, 2024

Orient Paper & Industries Ltd shares have surged by 31% in the last month, bringing the annual gain to an impressive 50%. Despite posting a decline of 12% in revenue growth last year, the company has grown its revenue by an impressive 88% over the past three years. This recent medium-term trajectory is more attractive than the industry's one-year growth forecast of 12%, providing strong support for the share price.

Orient Paper & Industries Ltd Witnesses Rally Despite Industry Headwinds - 25 Jun, 2024

Despite facing headwinds from increased imports and oversupply in the market, Orient Paper & Industries Ltd has gained 28.5% in the last six months. The previous quarter was challenging for the company due to a decline in sales turnover and margins hit by high input costs. Demand conditions are expected to remain sluggish until surplus capacity from other countries is exhausted.

Paper Stocks Gain as GST on Paper Boxes Slashed - 24 Jun, 2024

JK Paper and Orient Paper among others traded with gains of up to 4% after the government reduced GST on boxes made of paper from 18% to 12%. The move is expected to benefit both manufacturers and consumers by reducing the total cost of these packaging materials.