BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
IDBI Capital Report
Orient Paper and Industries Ltd. reported another weak quarterly result, marred by subdued demand due to nationwide lockdown amid Covid-19.
The company reported net sales of Rs 806 million, down by 46.2% YoY. Negative operating leverage weighed on Ebitda at negative Rs 161 million, while net loss stood at Rs 174 million.
Our interaction with the management suggests that writing and printing paper demand is still subdued in Q2 and there is no improvement in net sales realization as well.
On a positive note, the company has forayed into copier paper, which should partially support sales volume going forward.
The company has taken stringent cost cutting measures across the cost verticals, which would aid Orient Paper to tide through the storm.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR