Orient Paper & Ind Q1 net up 74% at Rs 60 cr

Orient Paper & Industries today announced a 73.4% increase in net profit to 59.37 RS crore for the quarter ended June 30, 2011.

Bhubaneswar, the company had a net profit of Rs 34.24 crore for the quarter ended June 30, 2010, Orient Paper & Industries, said STORAGE Bombay Stock Exchange.

During the past quarter, the company had a turnover of Rs 533.93 crore net, up from 20.9% to Rs 441.59 crore from posted in the period of the previous year.

For the year ended March 31, 2010, the company recorded a net profit of Rs 143.10 crore while net revenue was R 1958.97 crore.

Shares in the East & Paper Industries was traded at Rs 62.60 on BSE, down 2.26% at the previous close.