Orient Paper & Industries announced that the Board of Directors of the Company at its meeting held on 18 May 2023, has recommended a Final dividend of Rs.1 per share (i.e.100%), subject to the approval of the shareholders.

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Net profit of Orient Paper & Industries reported to Rs 49.95 crore in the quarter ended March 2023 as against net loss of Rs 2.20 crore during the previous quarter ended March 2022. Sales rose 35.23% to Rs 258.48 crore in the quarter ended March 2023 as against Rs 191.14 crore during the previous quarter ended March 2022.

For the full year,net profit reported to Rs 99.25 crore in the year ended March 2023 as against net loss of Rs 28.88 crore during the previous year ended March 2022. Sales rose 61.01% to Rs 942.96 crore in the year ended March 2023 as against Rs 585.65 crore during the previous year ended March 2022.

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Orient Paper & Industries will hold a meeting of the Board of Directors of the Company on 18 May 2023.

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The project will improve operating capacity of the paper mill to 400 ton per day and is likely to be completed in 24 months.

Orient Paper & Industries is mainly engaged in the business of manufacturing and selling of paper and other products.

The company reported net profit of Rs 39.51 crore in Q3 FY23 as compared to net loss of Rs 3.51 crore in Q3 FY22. Net sales jumped 54.2% year on year to Rs 253.13 crore in Q3 FY23.

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